[This message was posted by Bernt Sanden of Cinnober Financial Technology <[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/542e291c - PLEASE DO NOT REPLY BY MAIL.]
Jim, Thanks for the swift reply. It seem to be a reasonable practice. It would also cause less problems if/when upgrading from 4.4 to 5.0. Cheers, Bernt > 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.
