[This message was posted by Pritam Kamat of PapaKilo <[email protected]> to the "Allocations" discussion forum at http://fixprotocol.org/discuss/13. You can reply to it on-line at http://fixprotocol.org/discuss/read/11991b46 - PLEASE DO NOT REPLY BY MAIL.]
> > Could someone review this flow. > > > > Example > > > > Initiator executes an order on the market. The broker returns the fill, > > then the broker returns a TradeCaptureReport stating that the execution has > > been booked to account xyz. > > > > With allocations, and this would be post-trade let's say > > > > Initiator executes an order on the market. The broker returns the fill, > > then the broker waits for the allocation instruction. Initiator submits > > AllocationInstruction, Brokers Acks it, Then sends the client a > > AllocationReport with the break down of the trade on the stated accounts. > > Broker then sends the client a TradeCaptureReport for each trade that was > > booked. So if the AllocationReport contained 3 accounts, then there would > > be 3 TradeCaptureReports. > > Hi > > The Trade Capture message was really designed for trade reporting and similar > to parties not actually involved in the trade flow (e.g. to clearing houses > and settlement organisations). For communication from sell side to buy side > you're looking at an Allocation Report (FIX 4.4 onwards, or Allocation prior > to FIX 4.4) or even a Confirmation message (FIX 4.4 onwards). The Allocation > Instruction will be a single message for all the accounts the order has been > split to. For Confirmations, you'll have a separate message per account. As > to which of these to use, Allocation Instructions are more commonly > implemented but Confirmations are richer messages, including settlement > instruction details and the like. > > Jim. Hi Jim what would the TrdAllocGrp in the TrdCapRptSideGrp be used for then (FIX 5.0SP2) ? Thanks Pritam [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.
