Difference between tag 100 and tag 207 on New Order

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Imported from previous forum

2

[ original email was from David Adams - Dave.Adams@msdw.com ]
Hi,

Can anyone tell me the difference between tag 100 - ExDestination - and tag 207 - SecurityExchange - on a New Order message? Both seem to indicate the exchange the order is to be executed at.

Any help would be appreciated.

Many thanks,
Dave.

3

Tag 207 as the exchange associated with the stock symbology in 22/48/55 and Tag 100 as where the stock should be traded. These may be different if the stock is dual listed.

Ie: sedol used in 22/48 applies to VirtX and LSE stock so Tag 207 could be London and Tag 100 VirtX

> Hi,
>
> Can anyone tell me the difference between tag 100 - ExDestination - and tag 207 - SecurityExchange - on a New Order message? Both seem to indicate the exchange the order is to be executed at.
>
> Any help would be appreciated.
>
> Many thanks,
> Dave.
>