Market Data Error Notification

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1

Imported from previous forum

2

[ original email was from Marcondes Farias - mfarias@bmf.com.br ]
Hi,

We are really concerned about an issue raised this week whithin our project group: if a market data feed provider stops sendind the market data feed, the clients will be behind the real state of the market, they will have just a delayed display of the market. How could we handle this? We are planning to use a message to be unsolicitted sent to those one who subscribed the market data feed, just to let them know that the feed is interrupted.

Any comments would really help us.

Tks

Marcondes

3

Hi,

Would News message Tag 35 ( MsgType ) = B serve this purpose ?

Regards,
Mahesh
+1-203-252-4039

Hi,

We are really concerned about an issue raised this week whithin our
project group: if a market data feed provider stops sendind the market
data feed, the clients will be behind the real state of the market, they
will have just a delayed display of the market. How could we handle
this? We are planning to use a message to be unsolicitted sent to those
one who subscribed the market data feed, just to let them know that the
feed is interrupted.

Any comments would really help us.

Tks

Marcondes

4

[ original email was from Marcondes Farias - mfarias@bmf.com.br ]
Hi Mahesh,

thank you for the reply. Actually, we have already considered using this message but we agreed that we need a message for system purposes much more than just informing the market that the Market Data Feed is out. We need to find a way to inform the counterparty systems that they must alert the users.

Cheers

Hi,

Would News message Tag 35 ( MsgType ) = B serve this purpose ?

Regards, Mahesh +1-203-252-4039

Hi,

We are really concerned about an issue raised this week whithin our
project group: if a market data feed provider stops sendind the market
data feed, the clients will be behind the real state of the market,
they will have just a delayed display of the market. How could we
handle this? We are planning to use a message to be unsolicitted sent
to those one who subscribed the market data feed, just to let them
know that the feed is interrupted.

Any comments would really help us.

Tks

Marcondes

5

[ original email was from Rikard Hedberg - rikard.hedberg@omxgroup.com ]
Hi Marcondes,

FIX does not specify anything that helps you here. One idea, if you still have the ability to send Market Data messages, is to add a “StaleData” boolean tag to the Market Data messages. When you detect that the feed provider stops sending, provide MD updates to your subscribers using StaleDate = True.

Regards

Rikard

Hi Mahesh,

thank you for the reply. Actually, we have already considered using this
message but we agreed that we need a message for system purposes much
more than just informing the market that the Market Data Feed is out. We
need to find a way to inform the counterparty systems that they must
alert the users.

Cheers

Hi,

Would News message Tag 35 ( MsgType ) = B serve this purpose ?

Regards, Mahesh +1-203-252-4039

Hi,

We are really concerned about an issue raised this week whithin our
project group: if a market data feed provider stops sendind the
market data feed, the clients will be behind the real state of the
market, they will have just a delayed display of the market. How
could we handle this? We are planning to use a message to be
unsolicitted sent to those one who subscribed the market data feed,
just to let them know that the feed is interrupted.

Any comments would really help us.

Tks

Marcondes

6

Hi Marcondes,

In a 4.4 implementation I’m working on, because they are a data aggregator, we’ve added “stale data” as a QuoteCondition and TradeCondition. If an entry is stale then they don’t send information such as price and quantity.

Hi Marcondes,

FIX does not specify anything that helps you here. One idea, if you
still have the ability to send Market Data messages, is to add a
“StaleData” boolean tag to the Market Data messages. When you detect
that the feed provider stops sending, provide MD updates to your
subscribers using StaleDate = True.

Regards

Rikard

Hi Mahesh,

thank you for the reply. Actually, we have already considered using
this message but we agreed that we need a message for system purposes
much more than just informing the market that the Market Data Feed is
out. We need to find a way to inform the counterparty systems that
they must alert the users.

Cheers

Hi,

Would News message Tag 35 ( MsgType ) = B serve this purpose ?

Regards, Mahesh +1-203-252-4039

Hi,

We are really concerned about an issue raised this week whithin
our project group: if a market data feed provider stops sendind
the market data feed, the clients will be behind the real state of
the market, they will have just a delayed display of the market.
How could we handle this? We are planning to use a message to be
unsolicitted sent to those one who subscribed the market data
feed, just to let them know that the feed is interrupted.

Any comments would really help us.

Tks

Marcondes

7

[ original email was from Marcondes Farias - mfarias@bmf.com.br ]
Hi Lisa,

thanks for the reply. We will study that use too.

Marcondes

Hi Marcondes,

In a 4.4 implementation I’m working on, because they are a data
aggregator, we’ve added “stale data” as a QuoteCondition and
TradeCondition. If an entry is stale then they don’t send information
such as price and quantity.

Hi Marcondes,

FIX does not specify anything that helps you here. One idea, if you
still have the ability to send Market Data messages, is to add a
“StaleData” boolean tag to the Market Data messages. When you detect
that the feed provider stops sending, provide MD updates to your
subscribers using StaleDate = True.

Regards

Rikard

Hi Mahesh,

thank you for the reply. Actually, we have already considered using
this message but we agreed that we need a message for system
purposes much more than just informing the market that the Market
Data Feed is out. We need to find a way to inform the counterparty
systems that they must alert the users.

Cheers

Hi,

Would News message Tag 35 ( MsgType ) = B serve this purpose ?

Regards, Mahesh +1-203-252-4039

Hi,

We are really concerned about an issue raised this week whithin
our project group: if a market data feed provider stops sendind
the market data feed, the clients will be behind the real state
of the market, they will have just a delayed display of the
market. How could we handle this? We are planning to use a
message to be unsolicitted sent to those one who subscribed the
market data feed, just to let them know that the feed is
interrupted.

Any comments would really help us.

Tks

Marcondes

8

[ original email was from Marcondes Farias - mfarias@bmf.com.br ]
Hi Rikard,

thanks for the reply.

Hi Marcondes,

FIX does not specify anything that helps you here. One idea, if you
still have the ability to send Market Data messages, is to add a
“StaleData” boolean tag to the Market Data messages. When you detect
that the feed provider stops sending, provide MD updates to your
subscribers using StaleDate = True.

Regards

Rikard

Hi Mahesh,

thank you for the reply. Actually, we have already considered using
this message but we agreed that we need a message for system purposes
much more than just informing the market that the Market Data Feed is
out. We need to find a way to inform the counterparty systems that
they must alert the users.

Cheers

Hi,

Would News message Tag 35 ( MsgType ) = B serve this purpose ?

Regards, Mahesh +1-203-252-4039

Hi,

We are really concerned about an issue raised this week whithin
our project group: if a market data feed provider stops sendind
the market data feed, the clients will be behind the real state of
the market, they will have just a delayed display of the market.
How could we handle this? We are planning to use a message to be
unsolicitted sent to those one who subscribed the market data
feed, just to let them know that the feed is interrupted.

Any comments would really help us.

Tks

Marcondes