Pre/Post Trade Allocation

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1

Imported from previous forum

2

Hi

Please help me understand this:

  1. Can I allocate pre-trade to multiple account? If yes, how?
  2. When the buy side sends allocation instruction, how would that be done for multiple account(if I can get a sample fix message would look like with multiple account) - or would it be multiple Allocation Instruction?

Any help is much appreciated.

Thanks
Vishal

3

Pre-trade allocation is specified within the New Order Single via the NoAllocs repeating group.

…
NoAllocs(7) = 2
AllocAccount(79) = ACCT-1
AllocShares(80) = 60
AllocAccount(79) = ACCT-2
AllocShares(80) = 40
…
OrderQty(38) = 100
…

Hi

Please help me understand this:

  1. Can I allocate pre-trade to multiple account? If yes, how? 2. When
    the buy side sends allocation instruction, how would that be done for
    multiple account(if I can get a sample fix message would look like
    with multiple account) - or would it be multiple Allocation
    Instruction?

Any help is much appreciated.

Thanks Vishal

4

What if you’re looking to input actual individual account numbers to reference on the allocation message? Instead of using ‘AllocAcct1’, ‘AllocAcct2’ and so forth.

How would you report a series of executions for each individual account that is part of the allocation?

How would you report as the front side and back side of the execution?

5

[ original email was from Jim Kaye - jim.kaye@gs.com ]
To your first question (assuming I’m understanding it correctly), you can put whatever you like in the AllocAccount field - as long as the person you’re sending to message to can interpret the values you send.

Secondly, the Allocation Instruction message contains a repeating group of executions. This is optional, but does mean you can use the message to book and allocate individual executions from one or many different orders if you wish. As long as the total quantity of those executions equals the 53=Quantity then you’re fine.

Your final question - is that with regard to multi-leg instruments (e.g. futures calendar spreads)?

What if you’re looking to input actual individual account numbers to
reference on the allocation message? Instead of using ‘AllocAcct1’,
‘AllocAcct2’ and so forth.

How would you report a series of executions for each individual account
that is part of the allocation?

How would you report as the front side and back side of the execution?