Portfolio support in FIXML

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Imported from previous forum

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Hello,

We are using FIXML as an interface between a mobile brokerage solution and the backoffice of a bank. Does anyone know or there is any support for portfolio’s ? We want to send all stocks of a customer to our mobile solution… but we can’t find a appropriate message in FIXML.

Thanks,
rico pauw
Cap Gemini Ernst & Young
The Netherlands

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Rico,
We faced this same issue last year. See the thread in this discussion group I started on 7/14/200. Our work-around was to create a DTD that referenced the fixmlmain.dtd. This allowed us to use reuse the elements defined in FIXML and create new message types like "PortfolioRequest/Response".

Jim Downs
Connamara Systems, LLC
Chicago, IL

> Hello,
>
> We are using FIXML as an interface between a mobile brokerage solution and the backoffice of a bank. Does anyone know or there is any support for portfolio’s ? We want to send all stocks of a customer to our mobile solution… but we can’t find a appropriate message in FIXML.
>
> Thanks,
> rico pauw
> Cap Gemini Ernst & Young
> The Netherlands
>

4

[ original email was from Ryan Pierce - rpierce@taltrade.com ]
> We are using FIXML as an interface between a mobile brokerage solution and the backoffice of a bank. Does anyone know or there is any support for portfolio’s ? We want to send all stocks of a customer to our mobile solution… but we can’t find a appropriate message in FIXML.

First, FIXML and FIX both have identical business functionality. FIXML is just another representation for a FIX message. So what you are asking is a general FIX question, not a FIXML-specific question.

Second, the scope of FIX up to and including FIX 4.2 has been primarily business-to-business, i.e. institutions to broker/dealers, broker/dealers to ECNs/Exchanges. Individual customers to their brokers historically have not done much with FIX; FIX hasn’t really been used much as a retail protocol. As such, FIX assumes that both parties can track their own positions, and as such concepts like positions, trade or account history, account and margin balances, etc. have not been defined in FIX.

This might change. FIX has spun off a Retail Working Group. I’m not involved with that group, so I am not certain what their scope of work would be. Hence I do not know if these kinds of things would be addressed by that group, but it might be worthwhile contacting that group.