PartyID

1

Hi All,
Could somebody advise on the below query?
Is it possible to have multiple PartyID(448) for the same Party Role (452) with different PartyID Source in the parties component. If not, is it advisable to use PartySubID(523) to provide additional information on the Party Role.
For Example:
PartyID (448)=
PartyRole(452)= 1( Executing Firm)
PartyIDSource (447)= N (LEI)
PartyID (448)=
PartyRole(452)= 1( Executing Firm)
PartyIDSource (447)= B(BIC)

Regards
WG

2

Short answer is yes. You should note in the Rules of Engagement that your are providing alternate identifiers for certain party roles. The Parties Reference Data messages in FIX explicitly foresee this by means of the PartyDetailAltIDGrp (similar to SecAltIDGrp for alternate security identifiers). The normal order handling messages do not have that capability and your example above shows how to do it implicitly.

3

Hi Hanno Klein,

Thanks for the confirmation. The PartyID component example was intended for Order handling and Trade Capture Report messages.

Regards
WG

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