[This message was posted by Jim Northey of The LaSalle Technology Group <[email protected]> to the "General Q/A" discussion forum at http://fixprotocol.org/discuss/22. You can reply to it on-line at http://fixprotocol.org/discuss/read/ac2fc58e - PLEASE DO NOT REPLY BY MAIL.]
Bernt, Nice to hear from you. In the FIX compliance guidelines we have a recommendation, not yet approved, that recommends that firms requiring fields from later versions of the FIX specification adopt those fields into their implementation, as opposed to using user defined fields. So your idea here has merit and precedence in terms of industry practice. Technically this practice is not yet officially approved by the GTC Governance Board, but I expect its approval given the number of markets that already have adopted this practice and it is certainly better than further proliferating custom fields. Of course, ideally we would prefer you move up to FIX.5.0, but we understand that this is not always practical. Best, Jim N > Hi All, > > FIX 5.0 has a very good way to represent how the Trade Capture Report > should be handled by the Respondent. Tag 1123 TradeHandlingInstr is used > for this purpose. 1123 is for example used to differ between "One-Party > Report for Matching" and "Two-party report". > > There is no good way in FIX 4.4 to represent the same thing. I have seen > FIX 4.4 implementations using 856=1 (Alleged) to represent the > correspondent to 1123=2 "One-Party Report for Matching" and 856=0 > (Submit) to represent the correspondent to 1123=1 "Two-party report". > > I would like to use tag 1123 in FIX 4.4. What is the recommende practice > here? Is it OK to use that tag as is or should we use a custom tag > 20000+ with same enumerations for the same purpose? > > Regards, Bernt Sandén [You can unsubscribe from this discussion group by sending a message to mailto:[email protected]] -- You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/fix-protocol?hl=en.
