Exchange in ExecutionReport(8)

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Imported from previous forum

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[ original email was from Zoltan Feledy - zoltan_feledy@ssga.com ]
Folks,

When FIX was originally conceived, the exchange on which an order was to be executed was intended to be specified by the trader at the time of order placement in ExDestination (100).

India has a unique requirement where a trader may direct to buy stock on either the NSE or the BSE. This in effect, translates to having to require the executing exchange on the ExecutionReport(8) messages.

Does anyone know if FIX has come up with a standard solution to the above?

Cheers,
Zoltan

P.S.: No workarounds please. If there is no known standard solution then I’ll work with the Global Technical Committee to create one.

3

Zoltan, that’s what LastMkt (30) is for. It’s been there on the ExecutionRpt since the beginning (FIX 2.7).

Folks,

When FIX was originally conceived, the exchange on which an order was to
be executed was intended to be specified by the trader at the time of
order placement in ExDestination (100).

India has a unique requirement where a trader may direct to buy stock on
either the NSE or the BSE. This in effect, translates to having to
require the executing exchange on the ExecutionReport(8) messages.

Does anyone know if FIX has come up with a standard solution to
the above?

Cheers, Zoltan

P.S.: No workarounds please. If there is no known standard solution
then I’ll work with the Global Technical Committee to create one.

4

[ original email was from Zoltan Feledy - zoltan_feledy@ssga.com ]
Scott,

That’s brilliant. Thank you. This conversation is over.

Duh!
Zoltan

Zoltan, that’s what LastMkt (30) is for. It’s been there on the
ExecutionRpt since the beginning (FIX 2.7).

Folks,

When FIX was originally conceived, the exchange on which an order was
to be executed was intended to be specified by the trader at the time
of order placement in ExDestination (100).

India has a unique requirement where a trader may direct to buy stock
on either the NSE or the BSE. This in effect, translates to having to
require the executing exchange on the ExecutionReport(8) messages.

Does anyone know if FIX has come up with a standard solution to
the above?

Cheers, Zoltan

P.S.: No workarounds please. If there is no known standard solution
then I’ll work with the Global Technical Committee to create
one.