[This message was posted by Greg Wood of Credit Suisse <[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/e93a8414 - PLEASE DO NOT REPLY BY MAIL.]
> > in FIX 5.0 sp2, I intend to use 119 SettlCurrAmt for against qty. > > > > not sure it is right one or not. > > sounds 1074 is better Hi Glen, In FIX 5.0 you have the ability to use tag 1056 (CalculatedCcyLastQty) for the contra amount of an FX trade, as per page 175 of the FIX 5.0 SP2 Volume 7 FIX Usage Notes - "CalculatedCcyLastQty (1056) is used to express the contra amount or "contra order quantity" that was executed. This is the quantity of the other side of the currency pair (from the dealt currency as expressed in Currency *15)) and can be derived from LastQty (32) and LastPrice (31)." Tag 1074 (LegCalculatedCcyLastQty) would be used for a multileg execution report, for example on a swap where you specify both spot and outright trades on the report. Tag 1074 would occur in each instance of the "leg" repeating group. Prior to FIX 5.0, the only way that we had to show the contra amount of an FX deal was to use tag 119 (SettlCurrAmount). In 5.0 this is superceded by 1056/1074, and tag 119 is used to denote settlement in a different currency (e.g. a non-deliverable forward). Hope this helps, - Greg [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.
