against qty in fx order

, ,
1

Imported from previous forum

2

just want to which tag can i express against qty for fx order.

eg AUD/USD, rate is 0.99, buy $1000 AUD.

tag38 order qty is 1000.
then against qyt will 990.

which fix tag should I use ?

thanks for any comments.

3

in FIX 5.0 sp2, I intend to use 119 SettlCurrAmt for against qty.

not sure it is right one or not.

4

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

5

[ original email was from Greg Wood - greg.wood@credit-suisse.com ]
> > 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 In 5.0 this is superceded by 1056/1074, and tag 119 is used to denote settlement in a different currency (e.g. a non-deliverable forward).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
6

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

thanks so much. it does help