Need a clearance only flag tag for trade reporting

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1

Imported from previous forum

2

Hi,

We need a “clearance only flag” tag for trade reporting. Is there any tag available?

Thanks in advance,

Jue wang

3

You need to provide more background information on the business requirement to get a meaningful answer. Terminology can be ambiguous as well as different across (clearing) venues.

Hi,

We need a “clearance only flag” tag for trade reporting. Is there any tag available?

Thanks in advance,

Jue wang

4

At clearance firm, they may or may not charge execution fee. If the “Clearance only flag” is set, the clearance firm will not charge the execution fee for the trade. We need this tag in standard message ‘8’.

Thanks for the help,

Jue Wang

You need to provide more background information on the business requirement to get a meaningful answer. Terminology can be ambiguous as well as different across (clearing) venues.

Hi,

We need a “clearance only flag” tag for trade reporting. Is there any tag available?

Thanks in advance,

Jue wang

5

Have a look at the MiscFeeGrp and its fields 137 MiscFeeAmt and 139 MiscFeeType. By setting MiscFeeAmt to zero for a specific type you can indicate that it is clearance only, i.e. no charge of the execution fee.

At clearance firm, they may or may not charge execution fee. If the “Clearance only flag” is set, the clearance firm will not charge the execution fee for the trade. We need this tag in standard message ‘8’.

Thanks for the help,

Jue Wang

You need to provide more background information on the business requirement to get a meaningful answer. Terminology can be ambiguous as well as different across (clearing) venues.

Hi,

We need a “clearance only flag” tag for trade reporting. Is there any tag available?

Thanks in advance,

Jue wang