[This message was posted by Xinyu Xiang of Bloomberg, LP <[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/aadac496 - PLEASE DO NOT REPLY BY MAIL.]
Hi, Rick, DMA is direct market access I believe. Normally you would need to talk to the brokers you have connections with regarding tag(s) and values they expect for DMA. A common choice I've seen is tag76 (ExecBroker), e.g. 76=NYSE. But different brokers may have different prefenences. -Xinyu > Greetings. > > I would like use our existing FIX connections with our brokers to send > orders through them to a particular exchange. (Usually, the primary > exchange for the security.) I am having trouble finding the tags and > messages designed to accomplish this. Perhaps it was added in later > versions of FIX? I am using 4.2. > > Here is the trader's view of what is required: We need each broker to > understand the FIX tag that directs the order to the primary exchange. > In other words it is DMA (which goes to the broker and then gets routed > to the destination) as opposed to Sponsored Access (which goes directly > to an exchange and then informs the broker what happened). > > Has someone else done this? > > Regards, > > Rick [You can unsubscribe from this discussion group by sending a message to mailto:[email protected]]
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