Imported from previous forum
[ original email was from Martin Koopman - mk@cameronsystems.com ]
Hello,
We are working with a client who wishes to use FIX 4.3 to trade FX spots, swaps and forwards. They want to do multi-allocations pre-trade, i.e. using the ‘New Order Single’ message using NoAllocs and repeating group of AllocAccount and AllocShares on the order to provide the allocation details pre-trade.
Does anyone have any experience with this in production? We have a few issues we are running into. And would you have any sample FIX messages for the above?
Thanks for any help. I can be contacted off-line on mk@cameronsystems.com or 917 576 3149.
Regards
Martin
As you indicated, you would specify pre-allocated account details within the NoAllocs and its repeating group.
Example snippet from a FIX message:
…78=3|79=GROWTH|80=100000|79=VALUE|80=150000|79=TECHNOLOGY|80=50000|38=200000|…
would represent 3 repeating group instances:
- GROWTH account for 100000
- VALUE account for 150000
- TECHNOLOGY account for 50000
with OrderQty for 200000
I have experience with providing pre-allocation details for US Futures orders as well as equity orders in Korea, Taiwan, etc. which are markets that require pre-allocation.
I have experience using FIX for Forex Spots and Forwards, however, we presently do not provide the account details on the order, rather use FIX Allocation message immediately following the order and execution.
> Hello,
>
> We are working with a client who wishes to use FIX 4.3 to trade FX spots, swaps and forwards. They want to do multi-allocations pre-trade, i.e. using the ‘New Order Single’ message using NoAllocs and repeating group of AllocAccount and AllocShares on the order to provide the allocation details pre-trade.
>
> Does anyone have any experience with this in production? We have a few issues we are running into. And would you have any sample FIX messages for the above?
>
> Thanks for any help. I can be contacted off-line on mk@cameronsystems.com or 917 576 3149.
>
> Regards
>
> Martin
>