[This message was posted by Robert Mitchell of NYU <[email protected]> to the 
"Foreign Exchange" discussion forum at http://fixprotocol.org/discuss/1. You 
can reply to it on-line at http://fixprotocol.org/discuss/read/a61bedd8 - 
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Thank you, Jim.  I appreciate it.

> 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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