Market Data Message Set Gaps

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Imported from previous forum

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Dear All,

I’ve recently been assigned to an FX fix project and I had a question.

I’ve been reading the spec for 4.2 and 4.4 and as have also been consulting the Foreign Exchange FIX Wokflow and Technical Gap Analysis. As pointed out in the gap analysis there are indeed many tags which are lacking from certain messages.

Since I will be dealing with the Market Data Message set my questions are pointed toward this area.

First of all, dealing with messages W (Market Data Snapshot/Full Refresh) and X (Market Data Incremental Refresh), of the additions pointed out in the gap analysis it is important that I am able to use tags 537(Quote type), 63 (Settl Type) and 64 (Settl Date).

My question in this regard is, what is the current situation regarding the alterations suggested in the gap analysis? It is important for my project that I am able to use these tags. In the event that I cannot use them what are the current workarounds for the tags listed above? I believe that I could use tags 37 (OrderID) and 299 (QuoteID) in a mutually exclusive fashion to signify whether a rate is executable or indicative. Is there any reason I should not adopt this approach?

I’d be very grateful to receive any responses to these questions before i progress further. Many thanks

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The recommendations in the gap analysis has been incorporated into FIX 5.0 that was released in December 2006. I suggest that you take a look at FIX 5.0’s Market Data messages as well as the Foreign Exchange section in Volume 7 of the 5.0 documentation set. The FX section in Vol. 7 will explain in further detail how to use some of these fields from an FX point of view.

Dear All,

I’ve recently been assigned to an FX fix project and I had a question.

I’ve been reading the spec for 4.2 and 4.4 and as have also been
consulting the Foreign Exchange FIX Wokflow and Technical Gap Analysis.
As pointed out in the gap analysis there are indeed many tags which are
lacking from certain messages.

Since I will be dealing with the Market Data Message set my questions
are pointed toward this area.

First of all, dealing with messages W (Market Data Snapshot/Full
Refresh) and X (Market Data Incremental Refresh), of the additions
pointed out in the gap analysis it is important that I am able to use
tags 537(Quote type), 63 (Settl Type) and 64 (Settl Date).

My question in this regard is, what is the current situation regarding
the alterations suggested in the gap analysis? It is important for my
project that I am able to use these tags. In the event that I cannot use
them what are the current workarounds for the tags listed above? I
believe that I could use tags 37 (OrderID) and 299 (QuoteID) in a
mutually exclusive fashion to signify whether a rate is executable or
indicative. Is there any reason I should not adopt this approach?

I’d be very grateful to receive any responses to these questions before
i progress further. Many thanks