[This message was posted by Jim Northey of The LaSalle Technology Group 
<[email protected]> to the "Foreign Exchange" discussion forum at 
http://fixprotocol.org/discuss/1. You can reply to it on-line at 
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Robert - I will look into this a little bit. Hopefully someone else from the 
GFXC Tech Subcommittee can provide a comment.

> I am by no means expert, but for an ON TN or SN trade isn't it
> important to identify the cutoff time? From vol. 7 they seem to just
> assume NY cutoff.
> 
> 
> > Is cutoff required for FX Forwards? You can check volume 7 of the
> > latest FIX specification for usage for FX Forwards.
> >
> > We are proposing some enhancements to address cutoff for OTC FX
> > options
> > - the initial proposal was presented to the GFXC Tech subcommittee a
> >   couple of weeks ago. We are proposing a CutoffZone (with code list
> >   to be maintained by FPL) and a Cutoff Time (HH:MM:SS).
> >
> > > Hi All,
> > >
> > > Sorry for the newbie question, but where does one specific NY or
> > > Tokyo Cutoff in specifying an FX Forward?
> > >
> > > Thanks!


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