Contra Broker

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1

Imported from previous forum

2

Hong Kong SE reveals the Contra Broker following an execution, ie counterparty is revealed, so the seller on a Buy trade and the buyer on a Sell trade.

HK will use FIX5.0 and 452=17(Contra Firm) to reveal the Contra Broker ID.

What’s the equivalent in FIX4.2?

I was thinking of using ExecBroker(76) but this maps to 452=1 (Executing Firm).

What’s the difference between Executing Firm (452=1) and Contra Firm (452=17)?

thanks

3

Hong Kong SE reveals the Contra Broker following an execution, ie counterparty is revealed, so the seller on a Buy trade and the buyer on a Sell trade.

HK will use FIX5.0 and 452=17(Contra Firm) to reveal the Contra Broker ID.

What’s the equivalent in FIX4.2?

I was thinking of using ExecBroker(76) but this maps to 452=1 (Executing Firm).

What’s the difference between Executing Firm (452=1) and Contra Firm (452=17)?

thanks

Note that FIX 4.2 has a ContraBroker field (tag 375) within the Execution Rpt (within a repeating group).

4

Executing Broker or Executing Firm refers to the entity who gets the entitlement from that order - i.e. the trade is chalked up against their name whereas the Contra Firm refers to the counterparty firm ID whom they traded with on the other side of the market.

Hong Kong SE reveals the Contra Broker following an execution, ie counterparty is revealed, so the seller on a Buy trade and the buyer on a Sell trade.

HK will use FIX5.0 and 452=17(Contra Firm) to reveal the Contra Broker ID.

What’s the equivalent in FIX4.2?

I was thinking of using ExecBroker(76) but this maps to 452=1 (Executing Firm).

What’s the difference between Executing Firm (452=1) and Contra Firm (452=17)?

thanks

Note that FIX 4.2 has a ContraBroker field (tag 375) within the Execution Rpt (within a repeating group).