Imported from previous forum
In the description of the Allocation message (FIX 4.2/4.3) and the Allocation Instruction / Allocation Report (FIX 4.4), the Currency field (tag #15) is defined as "Currency of AvgPx. Should be the currency of the local market or exchange where the trade was conducted."
This is counter to the definition used in the New Order - Single and Execution Report messages (as defined in the FX appendices), where the Currency is used to represent the half of the currency pair that OrderQty represents. Am I correct in believing this is a documentation oversight, and that for allocations against FX trades the currency should be expressed as the half of the currency pair that AllocQty represents ?