OnBehalfOfCompId & DeliverToCompId Usage

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Imported from previous forum

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What would be the exact scenario where an OnBehalfOfCompId should be used while sending an Order???

When does an ExecutionReport should contain the DeliverToCompId tag???

Any kind of information or suggestions will be appreciated.

Thanks in Advance,

  • Manick.
3

One case uses OnBehalfOf* and DeliverTo* to route between service members.

[A(buy)]
MsgType=D, SenderCompID=A, TargetCompID=R, DeliverToCompID=B

[R(router)]
MsgType=D, SenderCompID=R, TargetCompID=B, OnBehalfOfCompID=A

[B]
MsgType=8, SenderCompID=B, TargetCompID=R, DeliverToCompID=A

[R]
MsgType=8, SenderCompID=R, TargetCompID=A, OnBehalfOfCompID=B

I’d be interested in hearing of any other uses.

Regards,

Aaron

> What would be the exact scenario where an OnBehalfOfCompId should be used while sending an Order???
>
> When does an ExecutionReport should contain the DeliverToCompId tag???
>
> Any kind of information or suggestions will be appreciated.
>
> Thanks in Advance,
> - Manick.
>
>