Order field to specify hide / reveal trading partner

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Imported from previous forum

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Would it be correct to use the HandlInst (21) field to allow an institution to specify public versus private execution?

I want to allow a counterparty the option of identifying itself in a trade. Would HandlInst=1 for private and HandlInst=2 for public be the proper way to do this?

Thanks

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Would it be correct to use the HandlInst (21) field to allow an institution to specify public versus private execution?

I want to allow a counterparty the option of identifying itself in a trade. Would HandlInst=1 for private and HandlInst=2 for public be the proper way to do this?

Thanks
Or maybe PreTradeAnonymity (1091) would be better?

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I think HandlInst (21) is primarily for automated (DMA) versus manual execution instruction to the Sell side. If explicit Anonymity versus Disclosure is required, its better to use PreTradeAnonymity (1091).

Would it be correct to use the HandlInst (21) field to allow an institution to specify public versus private execution?

I want to allow a counterparty the option of identifying itself in a trade. Would HandlInst=1 for private and HandlInst=2 for public be the proper way to do this?

Thanks
Or maybe PreTradeAnonymity (1091) would be better?