Manual STP Order…

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1

Imported from previous forum

2

[ original email was from Johan Becker - johan.becker@neonet.se ]
I want to send an order that should go to a broker desk instead of direct market access.
The brokers should work the order during a specific time period. (VWAP from this point to another)
What field do I use to say during what hours? ExecInst could say it should be worked, over the day etc, but not what hours…

Thoughts anyone?

Johan Becker
FIX Integration Manager
NeoNet Securities

johan.becker@neonet.biz

3

TradingSessionID (tag 336)

> I want to send an order that should go to a broker desk instead of direct market access.
> The brokers should work the order during a specific time period. (VWAP from this point to another)
> What field do I use to say during what hours? ExecInst could say it should be worked, over the day etc, but not what hours…
>
> Thoughts anyone?
>
> Johan Becker
> FIX Integration Manager
> NeoNet Securities
>
> johan.becker@neonet.biz
>
>

4

[ original email was from Johan Becker - johan.becker@neonet.se ]
I believe this was introduced in FIX 4.2.
Can this be done in FIX 4.1 and below?

Johan Becker
FIX Integration Manager
NeoNet Securities

> TradingSessionID (tag 336)
>
>
> > I want to send an order that should go to a broker desk instead of direct market access.
> > The brokers should work the order during a specific time period. (VWAP from this point to another)
> > What field do I use to say during what hours? ExecInst could say it should be worked, over the day etc, but not what hours…
> >
> > Thoughts anyone?
> >
> > Johan Becker
> > FIX Integration Manager
> > NeoNet Securities
> >
> > johan.becker@neonet.biz
> >
> >
>

5

[ original email was from Mohammad Ayach - mayach@javtech.com ]
Unfortunately this tag is only available in FIX 4.2 and beyond.

Cheers,
Mohammad

mayach@javtech.com

> I believe this was introduced in FIX 4.2.
> Can this be done in FIX 4.1 and below?
>
> Johan Becker
> FIX Integration Manager
> NeoNet Securities
>
>
>
> > TradingSessionID (tag 336)
> >
> >
> > > I want to send an order that should go to a broker desk instead of direct market access.
> > > The brokers should work the order during a specific time period. (VWAP from this point to another)
> > > What field do I use to say during what hours? ExecInst could say it should be worked, over the day etc, but not what hours…
> > >
> > > Thoughts anyone?
> > >
> > > Johan Becker
> > > FIX Integration Manager
> > > NeoNet Securities
> > >
> > > johan.becker@neonet.biz
> > >
> > >
> >
>

6

[ original email was from Ryan Pierce - rpierce@taltrade.com ]
> Unfortunately this tag is only available in FIX 4.2 and beyond.

You’re right.

It is possible, with bilateral agreement, to use fields from future versions of FIX in previous versions. This is technically non-compliant, but it is often the best solution when upgrading FIX versions isn’t feasible. Some engines with strict validation might not like this approach, so it is best used to give clients optional functionality.

For example, PegDifference was introduced in FIX 4.1. My FIX 4.0 clients have a choice of sending this 4.1 field in 4.0 (assuming their engine is capable of doing so), upgrading their session to FIX 4.1, or simply not using this feature.