"ProductType = Derivatives" is not defined in FIX

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1

Imported from previous forum

2

Hi,

From my understanding the field ProductType (460) and SecurityType (167) go hand in hand. For Example 460 = 6 and 167 = TBILL.

However there is no enumeration for Derivatives under ProductType although the SecurityType field gives a list of derivatives.

Can someone please clarify this?

Thanks
Hiran

3

Look at Page 30 of 167 in document

FIX-5.0_VOL-7.pdf

PRODUCT: DERIVATIVES (FUTURES & OPTIONS)

You can download the spec from

http://fixprotocol.org/specifications/

Hi,

From my understanding the field ProductType (460) and SecurityType (167)
go hand in hand. For Example 460 = 6 and 167 = TBILL.

However there is no enumeration for Derivatives under ProductType
although the SecurityType field gives a list of derivatives.

Can someone please clarify this?

Thanks Hiran

4

Thanks Mahesh - However the problem I have is the Product (460) field not having an enumeration defined for “Derivatives”. For example it has enumerations defined for “AGENCY” as “1”.

Cheers
Hiran

Look at Page 30 of 167 in document

FIX-5.0_VOL-7.pdf

PRODUCT: DERIVATIVES (FUTURES & OPTIONS)

You can download the spec from

http://fixprotocol.org/specifications/

Hi,

From my understanding the field ProductType (460) and SecurityType
(167) go hand in hand. For Example 460 = 6 and 167 = TBILL.

However there is no enumeration for Derivatives under ProductType
although the SecurityType field gives a list of derivatives.

Can someone please clarify this?

Thanks Hiran

5

Tag 167 SecurityType has values

— Derivatives —

CDS = Credit Default Swap

FUT = Future

OPT = Option

OOF = Options on Futures

OOP = Options on Physical - use not recommended

IRS = Interest Rate Swap

OOC = Options on Combo

Thanks Mahesh - However the problem I have is the Product (460) field
not having an enumeration defined for “Derivatives”. For example it has
enumerations defined for “AGENCY” as “1”.

Cheers Hiran

Look at Page 30 of 167 in document

FIX-5.0_VOL-7.pdf

PRODUCT: DERIVATIVES (FUTURES & OPTIONS)

You can download the spec from

http://fixprotocol.org/specifications/

Hi,

From my understanding the field ProductType (460) and SecurityType
(167) go hand in hand. For Example 460 = 6 and 167 = TBILL.

However there is no enumeration for Derivatives under ProductType
although the SecurityType field gives a list of derivatives.

Can someone please clarify this?

Thanks Hiran

6

This is true, however again the field 460 does not list an enum for derivatives similar to 460 = 1, which means Product = AGENCY.

Tag 167 SecurityType has values

— Derivatives —

CDS = Credit Default Swap

FUT = Future

OPT = Option

OOF = Options on Futures

OOP = Options on Physical - use not recommended

IRS = Interest Rate Swap

OOC = Options on Combo

Thanks Mahesh - However the problem I have is the Product (460) field
not having an enumeration defined for “Derivatives”. For example it
has enumerations defined for “AGENCY” as “1”.

Cheers Hiran

Look at Page 30 of 167 in document

FIX-5.0_VOL-7.pdf

PRODUCT: DERIVATIVES (FUTURES & OPTIONS)

You can download the spec from

http://fixprotocol.org/specifications/

Hi,

From my understanding the field ProductType (460) and SecurityType
(167) go hand in hand. For Example 460 = 6 and 167 = TBILL.

However there is no enumeration for Derivatives under ProductType
although the SecurityType field gives a list of derivatives.

Can someone please clarify this?

Thanks Hiran

7

460 represents what futures you are trading - are you trading an futures of an equity or a commodity or currency etc.

Also look thru CFICode (461) - Classification of Financial Instruments. FIXProtocol recommendeds that CFICode be used instead of SecurityType (167) for non-Fixed Income instruments.

This is true, however again the field 460 does not list an enum for
derivatives similar to 460 = 1, which means Product = AGENCY.

Tag 167 SecurityType has values

— Derivatives —

CDS = Credit Default Swap

FUT = Future

OPT = Option

OOF = Options on Futures

OOP = Options on Physical - use not recommended

IRS = Interest Rate Swap

OOC = Options on Combo

Thanks Mahesh - However the problem I have is the Product (460)
field not having an enumeration defined for “Derivatives”. For
example it has enumerations defined for “AGENCY” as “1”.

Cheers Hiran

Look at Page 30 of 167 in document

FIX-5.0_VOL-7.pdf

PRODUCT: DERIVATIVES (FUTURES & OPTIONS)

You can download the spec from

http://fixprotocol.org/specifications/

Hi,

From my understanding the field ProductType (460) and
SecurityType
(167) go hand in hand. For Example 460 = 6 and 167 = TBILL.

However there is no enumeration for Derivatives under
ProductType although the SecurityType field gives a list of
derivatives.

Can someone please clarify this?

Thanks Hiran