How to Identify an order being traded in foreign country ?

1

How to Identify an order being traded in foreign country ?
If say, we have to identify an order for USA exchange symbol, being traded outside of USA. How do we figure out. What tag/s might help to identify ?
Thanks
Abnv

2

The short answer is to have a look at tag 100 in the execution report.

3

You can also reference the value in tag 30, this should indicate the venue on which the order was executed. Each venue is associated with a country in the ISO 10383 MIC Specification here: https://www.iso20022.org/market-identifier-codes

4

What exactly does this mean? If it is about declaring an intention to trade the order in a foreign country, then ExDestination(100) can be used as said by @andershaugen. If you want to convey the fact that an order was traded in a foreign country, then LastMkt(30) mentioned by @brianlees can provide that information. Both are only implicit as they contain an execution venue and you have to lookup the country to find out if it is “foreign” from your perspective.

If you just want to add an explicit country information to the order, you can use the Parties component with PartyRole(452)=75 (Location ID) and put a country code from ISO 3166 in it. Another implicit option is to use SecurityExchange(207) to identify the “home” execution venue of an instrument. There may be other options but it depends on your semantics, maybe you can elaborate.

5

Thanks a lot. That helps. And sorry for not being descriptive enough on my query.