The Global Technical Committee has reviewed and preliminarily approved the Gap Analysis submitted by the Deutsche Börse Group. This proposal provides the ability to identify the initial broker as the firm that submitted an order to an exchange. Additional brokers may be involved during the clearing process due to give-ups whilst the initial broker does not change. The proposal also adds the identifier of an exchange match event to the allocation messages alongside the existing trade identifiers to support reconciliation of trades between trading and clearing.
The document now enters a public comment period in which public review and feedback is encouraged. Once the public comment period closes, the GTC will review public comments before final approval by the GTC Governance Board.
Please post feedback, comments, and questions as replies to this discussion thread. The public comment period ends on April 7, 2023.
A link to the proposal can be found here.