Imported from previous forum
[ original email was from Sid Thomson - sidney.thomson@citigroup.com ]
In the Canadian market (FIX 4.4 and above, using MIC codes in Last Market)-
What should be the value in Last Market (30) when the executing venue is a broker? I assume the contra (375) should be a value representing the broker.
For example, in the US, I believe a trade with another broker would have Last Market (30) set to XNAS or XNMS, and Contra (375) set to the Broker MPID.
How would that work in the Canadian market?