Covered Warrants

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Imported from previous forum

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Does anyone know if Covered Warrants would be treated differently to the messages sent for Cash Equities?. We have a FIX engine that is currently used for Cash Equity trading and EuroCerts.

We have a requirement to add a feed for Covered Warrants on a GL based network. Can we use exactly the same tags and protocols ?

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> Does anyone know if Covered Warrants would be treated differently to the messages sent for Cash Equities?. We have a FIX engine that is currently used for Cash Equity trading and EuroCerts.
>
> We have a requirement to add a feed for Covered Warrants on a GL based network. Can we use exactly the same tags and protocols ?
>
Covered warrants are essentially options. They have a strike price, put/call indicator and expiry date in addition to the symbol. If you don’t handle options in your implementation to date, you’ll need additional tags. Unless you support 4.2 style security definitions, market data etc. not just simple order/execution type messages, you won’t need to expand the message set you support just to handle warrants.

Dieter