Imported from previous forum
We’re staring a systems intergration project and are looking at using FIX technology to tie the systems together; FIX is seen as a longer term strategic choice, the use of FIX on the current project is to develop some in-house experience with it.
One of the transactions we want to move via FIX is an FX spot payment; will include client, customer, beneficary and possibly intermediatry information. I was wondering if anybody had any thoughts on which message was the most suitable for this use? I’m currently leaning towards a SettlementInstructions (msgtype=T) message.
All systems while remotely located are internal to the organisation, messages won’t be sent outside the organisation.
Cheers,
Paul
That should have said Settlement Obligation Report (MsgType = BQ)