The Global Technical Committee has reviewed and preliminarily approved the Fidelity Price Qualifier Extension Proposal. A gap exists when a firm placing a quote on a quote request intends for the quote to trade without a separate accrued interest amount - either a “dirty” price or the security is in default or soon to be defaulted. Quote request and response (price maker) messages would have a new FIX attribute allowing the requestor or responder to indicate whether the price is to factor in accrued interest, taxes and/or amortization or a floating rate offset.
The document now enters a public comment period in which public review and feedback is encouraged. Once the public comment period closes, the Global Technical Governance Board will meet to review public comments before final approval.
Please post feedback, comments, and questions as replies to this discussion thread.
A link to the proposal can be found at: http://fixtrading.org/packages/fix-protocol-ga-fidelity-price-qualifiers/
The public comment period ends on June 14, 2017.