Imported from previous forum
[ original email was from Viv Rosenfeld - viv.rosenfeld@macquarie.com ]
Interested to hear if anyone has thoughts about validity of having a separate Last Market MIC code for ASX Centrepoint (their new-ish Dark mid-spread matching pool). Currently only have the main lit market listed in MIC codes.
Some discussion has been made on this type of thing previously:
http://fixprotocol.org/discuss/read/2699f351
Think will query ASX if they have any plans to list this book under a separate MIC.
[ original email was from John Greenan - john.greenan@alignment-systems.com ]
Hi Viv,
This is something that is getting some though in Europe at the moment with regard to a consolidated tape.
Personally, I think that there should be (as a short term fix) two ISO MICs - lit and dark. Maybe at some point in the future a hierarchical data structure could be introduced or even a
Andrew Bowley over at Nomura would be a good chap for you to have a discussion about this…
John
Interested to hear if anyone has thoughts about validity of having a separate Last Market MIC code for ASX Centrepoint (their new-ish Dark mid-spread matching pool). Currently only have the main lit market listed in MIC codes.
Some discussion has been made on this type of thing previously:
http://fixprotocol.org/discuss/read/2699f351Think will query ASX if they have any plans to list this book under a separate MIC.
[ original email was from Andrew Bowley - andrew.bowley@nomura.com ]
Hi. There is ongoing discussion of this in Europe (as you can see from the other chain and my fuller response there), but no resolution to date. To me this is simple: we are being asked by clients to make up a MIC code to make a venue distinction (on FIX tag 30 for executions), and it seems poor that the industry cannot agree to make this step in a coordinated manner by formally agreeing on this.
Andrew
Hi Viv,
This is something that is getting some though in Europe at the moment with regard to a consolidated tape.
Personally, I think that there should be (as a short term fix) two ISO MICs - lit and dark. Maybe at some point in the future a hierarchical data structure could be introduced or even a
Andrew Bowley over at Nomura would be a good chap for you to have a discussion about this…
John
Interested to hear if anyone has thoughts about validity of having a separate Last Market MIC code for ASX Centrepoint (their new-ish Dark mid-spread matching pool). Currently only have the main lit market listed in MIC codes.
Some discussion has been made on this type of thing previously:
http://fixprotocol.org/discuss/read/2699f351Think will query ASX if they have any plans to list this book under a separate MIC.
If you have a look at http://www.iso15022.org/MIC/ISO10383_MIC_v1_77.xls you’ll see plenty of examples where one Exchange entity has many Markets/MIC codes so it’s not unreasonable to think that the ASX could have a separate MIC for their dark market.
Interested to hear if anyone has thoughts about validity of having a separate Last Market MIC code for ASX Centrepoint (their new-ish Dark mid-spread matching pool). Currently only have the main lit market listed in MIC codes.
Some discussion has been made on this type of thing previously:
http://fixprotocol.org/discuss/read/2699f351Think will query ASX if they have any plans to list this book under a separate MIC.
[ original email was from John Shields - john.shields@nomura.com ]
Hi Viv,
Am wondering did you ever hear a response from ASX regarding a MIC code for CentrePoint?
Regards,
John
Interested to hear if anyone has thoughts about validity of having a separate Last Market MIC code for ASX Centrepoint (their new-ish Dark mid-spread matching pool). Currently only have the main lit market listed in MIC codes.
Some discussion has been made on this type of thing previously:
http://fixprotocol.org/discuss/read/2699f351Think will query ASX if they have any plans to list this book under a separate MIC.