Clearing information

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Imported from previous forum

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When transmitting an order to the trading system, our brokers have to specify several references and accounts (‘char’ fields) related to the clearing or identifying the original investor or financial institution.

I don’t find the equivalent fields in the ‘New order - single’ message. Could I use the ‘Account’ field and impose a structured way of using it so as to recognize the different fields. Or should I do that with the ‘Text’ field.

Any help is welcome ! Thanks.

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[ original email was from Jim Northey - jnorthey@lasalletech.com ]
> When transmitting an order to the trading system, our brokers have to specify several references and accounts (‘char’ fields) related to the clearing or identifying the original investor or financial institution.
>
> I don’t find the equivalent fields in the ‘New order - single’ message. Could I use the ‘Account’ field and impose a structured way of using it so as to recognize the different fields. Or should I do that with the ‘Text’ field.
>
> Any help is welcome ! Thanks.
>

Saw this old post when looking for something else…

With FIX 4.2, two additional fields have been added: ClearingAccount (440) and ClearingFirm (439) to address this issue.

CBOE is planning on using ACCOUNT to provide one portion of the clearing information - the customer clearing accountinformation. In addition, often times a ClearingFirm is needed, should the member firm trading not be a clearing member. CBOE will use ClearingAccount was to support ClearingFirm subaccounting (for market maker accounts at this time.