[This message was posted by Dean Kauffman of Brook Path Partners, Inc. <[email protected]> to the "Derivatives" discussion forum at http://fixprotocol.org/discuss/15. You can reply to it on-line at http://fixprotocol.org/discuss/read/d0375e42 - PLEASE DO NOT REPLY BY MAIL.]
Hello Hiroshi, While not a perfect fit I would investigate the use of the FIX CollateralAssignment message which is used to manage the portfolio collateralizing an ongoing position such as a Repo. The AM wants to change the makeup of an existing contract rather than enter a new trade, so the trading messages do not seem appropriate here. In CA you refer to the underlying portfolio swap contract through one of the trade references - ClOrdID(11), OrderID(37) or the <TrdCollGrp> repeating group. Dean > Hello, > > I am looking for best approach for portfolio equity swap on fix messages > regardless the versions. > > background : Broker and Asset Management have portfolio swap contract, > and by having individual fix order messages, AM to instruct broker to > restructure , such as to add/remove stocks within portfolio at broker end. > and this same FIX session is already being used for normal equity tradings, > will not setup new line for swap. > > So broker need flag to specify that order is swap related. > > For this case, is there any common standard approach with fix protocol, to > identify that order is for swap? > > Or just use custom tag to have broker to identify this is portfolio swap > related instructions? > > Kindly advise if any... > > thanks [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.
