# Pre-Trade Allocations FIX 4.2 **URL:** \ **Category:** General Q&A\ **Tags:** allocations, xid\_160856, imported\ **Created:** [July 13, 2007, 8:25pm UTC](https://forum.fixtrading.org/t/pre-trade-allocations-fix-4-2/11806 "2007-07-13T20:25:47Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![tomburns\_x](https://avatars.discourse-cdn.com/v4/letter/t/ba9def/32.png) [@tomburns\_x](https://forum.fixtrading.org/u/tomburns_x)\ **Post date:** [July 13, 2007, 8:25pm UTC](https://forum.fixtrading.org/t/pre-trade-allocations-fix-4-2/11806/1 "2007-07-13T20:25:47Z")
Imported from previous forum ---
**Author:** ![tomburns\_x](https://avatars.discourse-cdn.com/v4/letter/t/ba9def/32.png) [@tomburns\_x](https://forum.fixtrading.org/u/tomburns_x)\ **Post date:** [July 13, 2007, 8:25pm UTC](https://forum.fixtrading.org/t/pre-trade-allocations-fix-4-2/11806/2 "2007-07-13T20:25:47Z")
Does anyone know if the use of pre-trade allocations (ie Allocations instructions in a NOS message) is used in the US Equity market? If so, two questions… 1.) Is there a business reason why? (ie why not just use Allocation message instead. Tag 35=J) 2.) What is the flow for pre-trade? (ie How/when are Allocation ACK messages sent back to the order initator) Any insight is much appreciated. ---
**Author:** ![vikasgoel68\_x](https://avatars.discourse-cdn.com/v4/letter/v/ad7895/32.png) [@vikasgoel68\_x](https://forum.fixtrading.org/u/vikasgoel68_x)\ **Post date:** [September 21, 2007, 4:55pm UTC](https://forum.fixtrading.org/t/pre-trade-allocations-fix-4-2/11806/3 "2007-09-21T16:55:45Z")
Yes, pre-trade allocations is used in US Equity market The answers to the two questions 1.) Some of the client want to send in the allocation details along with the order. This happens in the case when the client is very sure. He does not have any complications of average-pricing etc. This way the client saves time. This is another feature. 2.) Pre-trade allocations information are sent in the order details. They are then saved on the system. When the order is fully executed ot done for the day, then the corressponding trade is allocated to the accounts specified with the order earlier Thanks Vikas Goel > Does anyone know if the use of pre-trade allocations (ie Allocations > instructions in a NOS message) is used in the US Equity market? > > If so, two questions… > > 1.) Is there a business reason why? (ie why not just use Allocation > message instead. Tag 35=J) > > 2.) What is the flow for pre-trade? (ie How/when are Allocation ACK > messages sent back to the order initator) > > Any insight is much appreciated. ---
**Author:** ![patriciasibilia\_x](https://avatars.discourse-cdn.com/v4/letter/p/a587f6/32.png) [@patriciasibilia\_x](https://forum.fixtrading.org/u/patriciasibilia_x)\ **Post date:** [September 21, 2007, 5:23pm UTC](https://forum.fixtrading.org/t/pre-trade-allocations-fix-4-2/11806/4 "2007-09-21T17:23:00Z")
I’m not familiar with pre-trade allocation on the order except for where it will allocate to a single subaccount. Is there a process to indicate multiple splits of the blocks to the underlying accounts on an order? > Yes, pre-trade allocations is used in US Equity market > > The answers to the two questions > 1.) Some of the client want to send in the allocation details along with > the order. This happens in the case when the client is very sure. He > does not have any complications of average-pricing etc. This way the > client saves time. This is another feature. > > 2.) Pre-trade allocations information are sent in the order details. > They are then saved on the system. When the order is fully executed ot > done for the day, then the corressponding trade is allocated to the > accounts specified with the order earlier > > Thanks Vikas Goel > > > Does anyone know if the use of pre-trade allocations (ie Allocations > > instructions in a NOS message) is used in the US Equity market? > > > > If so, two questions… > > > > 1.) Is there a business reason why? (ie why not just use Allocation > > message instead. Tag 35=J) > > > > 2.) What is the flow for pre-trade? (ie How/when are Allocation ACK > > messages sent back to the order initator) > > > > Any insight is much appreciated.