Account Management Monitoring

, ,
1

Imported from previous forum

2

Hi,

I have a new requirement to provide account information over FIX, this
would include cash position, profit and loss snapshot and streaming profit and loss. This appears so far to have been beyond the scope of the FIX protocol. Is there any work ongoing on such message dialogues? If not, is it likely that any other FIX users will have similar requirements?

I understand that custom messages may not be favoured but in the interim are there any best practise guidelines for implementing custom messages ?

regards
Dave

3

David,
The FIX PositionReport is ideal for this requirement. A stream of PR messages can report full portfolio details, but by omitting the optional component a single PR message can report a snapshot of a portfolio’s market value. To report profit/loss simply add a custom value to PosAmtTyp(707).
Dean

Hi,

I have a new requirement to provide account information over FIX, this
would include cash position, profit and loss snapshot and streaming profit and loss. This appears so far to have been beyond the scope of the FIX protocol. Is there any work ongoing on such message dialogues? If not, is it likely that any other FIX users will have similar requirements?

I understand that custom messages may not be favoured but in the interim are there any best practise guidelines for implementing custom messages ?

regards
Dave

4

David,

In addition you may want to participate in the account management working group that is currently active within FPL.

David,
The FIX PositionReport is ideal for this requirement. A stream of PR messages can report full portfolio details, but by omitting the optional component a single PR message can report a snapshot of a portfolio’s market value. To report profit/loss simply add a custom value to PosAmtTyp(707).
Dean

Hi,

I have a new requirement to provide account information over FIX, this
would include cash position, profit and loss snapshot and streaming profit and loss. This appears so far to have been beyond the scope of the FIX protocol. Is there any work ongoing on such message dialogues? If not, is it likely that any other FIX users will have similar requirements?

I understand that custom messages may not be favoured but in the interim are there any best practise guidelines for implementing custom messages ?

regards
Dave

5

Thanks Jim,

I will look into the account management working group.

David,

In addition you may want to participate in the account management working group that is currently active within FPL.

David,
The FIX PositionReport is ideal for this requirement. A stream of PR messages can report full portfolio details, but by omitting the optional component a single PR message can report a snapshot of a portfolio’s market value. To report profit/loss simply add a custom value to PosAmtTyp(707).
Dean

Hi,

I have a new requirement to provide account information over FIX, this
would include cash position, profit and loss snapshot and streaming profit and loss. This appears so far to have been beyond the scope of the FIX protocol. Is there any work ongoing on such message dialogues? If not, is it likely that any other FIX users will have similar requirements?

I understand that custom messages may not be favoured but in the interim are there any best practise guidelines for implementing custom messages ?

regards
Dave

6

That’s a good idea Dean, I did not think of that. We already use Position Report Messages so this would be simpler than implementing custom messages.

David,
The FIX PositionReport is ideal for this requirement. A stream of PR messages can report full portfolio details, but by omitting the optional component a single PR message can report a snapshot of a portfolio’s market value. To report profit/loss simply add a custom value to PosAmtTyp(707).
Dean

Hi,

I have a new requirement to provide account information over FIX, this
would include cash position, profit and loss snapshot and streaming profit and loss. This appears so far to have been beyond the scope of the FIX protocol. Is there any work ongoing on such message dialogues? If not, is it likely that any other FIX users will have similar requirements?

I understand that custom messages may not be favoured but in the interim are there any best practise guidelines for implementing custom messages ?

regards
Dave