Options as leg of multilegs order

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1

Imported from previous forum

2

[ original email was from Georges Gomes - georges@gomes.com ]
We are currently doing multileg orders in FIX.4.3.
Leg Instruments are defined with the following tags:

  • legSymbol
  • legSecurityType
  • legMaturityMonthYear
  • legStrikePrice

but no "legPutOrCall" tag is available.

Is this information no relevent for multileg orders or is there a lack in the specification ?

Georges

3

[ original email was from Jim Northey - jnorthey@lasalletech.com ]
Inf FIX 4.3 we removed PutOrCall and replaced them with the CFICode. The CFICode is an ISO standard for specifying financial instruments.

For options - "OP" is a put, "OC" is a call. I believe volume 6 of the specification has this explained. It might also be covered in the derivatives section of volume 7.

Hope this helps.

> We are currently doing multileg orders in FIX.4.3.
> Leg Instruments are defined with the following tags:
> - legSymbol
> - legSecurityType
> - legMaturityMonthYear
> - legStrikePrice
>
> but no "legPutOrCall" tag is available.
>
> Is this information no relevent for multileg orders or is there a lack in the specification ?
>
> Georges
>
>

4

[ original email was from Jim Northey - jnorthey@lasalletech.com ]
LegCFICode(tag 608) is used instead.

> Inf FIX 4.3 we removed PutOrCall and replaced them with the CFICode. The CFICode is an ISO standard for specifying financial instruments.
>
> For options - "OP" is a put, "OC" is a call. I believe volume 6 of the specification has this explained. It might also be covered in the derivatives section of volume 7.
>
> Hope this helps.
>
> > We are currently doing multileg orders in FIX.4.3.
> > Leg Instruments are defined with the following tags:
> > - legSymbol
> > - legSecurityType
> > - legMaturityMonthYear
> > - legStrikePrice
> >
> > but no "legPutOrCall" tag is available.
> >
> > Is this information no relevent for multileg orders or is there a lack in the specification ?
> >
> > Georges
> >
> >
>