Imported from previous forum
[ original email was from Rikard Hedberg - rikard.hedberg@omxgroup.com ]
Subject to regulations a venue publishing Trades might allow trades over a certain size to have delayed publication. On such conditions the trade might be made public e.g. at the end of the day, or be published a couple of hours after executon.
In the above circumstances, users may be allowed to request delayed publication. This is especially relevant for privately negotiated trades (a.k.a PNT’s), i.e. trades that are negotiated outside a marketplace and then reported into the publication venue. In FIX the Trade Capture Report messages are typically used to report PNT’s. The current Trade Capture Report message contains the PublishTrdIndicator (852) that allows the user to request whether the trade should be published or not. It is however defined as a Boolean, i.e. the data type does not lend itself to extended behavior.
I would like feedback from users of the PublishTrdIndicator (852) field. Is changing it from a Boolean to an enum field an option worth considering? Does the above requirement match the current use of the field.
Regards
Rikard