Query regarding Allocation message

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Imported from previous forum

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Hi,
I have a query regarding Allocation message (MsgType = J) in FIX Protocol 4.2. It is specified in the FIX 4.2 errata that the allocation message can be sent by an entity to carry out Post-Trade divisions of Account Type and Executed Quantity (Traded Quantity). According to my understanding, say for example, a fill with (Traded Quantity = 100 and Account = ‘A’) is received. Now, broker wants to divide the above fill in the following fashion:

Traded Quantity Account

100 A (Original)
30 B
30 C
40 D

For the aforementioned activity, is Allocation (MsgType = J) the right message? If yes, can it be used at the exchange level? Meaning, can an entity send an allocation message directly to an exchange or to sell side?

Thanks in advance,
Vinay M

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Hi Vinay,

If allocations are supported at Exchange level, Post Trade Allocation message (MsgType = J) can be sent with tags 79 and 80 bearing repeating group B-30, C-30 and D-40.

But few exchanges, viz., Indian Exchanges do not support allocations (i.e. division of traded quantity) once trade is confirmed. In such scenario, Post Trade Allocation message can be sent to sell side only for back office reference purpose.

Hi, I have a query regarding Allocation message (MsgType = J) in FIX
Protocol 4.2. It is specified in the FIX 4.2 errata that the allocation
message can be sent by an entity to carry out Post-Trade divisions of
Account Type and Executed Quantity (Traded Quantity). According to my
understanding, say for example, a fill with (Traded Quantity = 100 and
Account = ‘A’) is received. Now, broker wants to divide the above fill
in the following fashion:

Traded Quantity Account --------------- ------- 100 A (Original) 30
B 30 C 40 D

For the aforementioned activity, is Allocation (MsgType = J) the
right message? If yes, can it be used at the exchange level? Meaning,
can an entity send an allocation message directly to an exchange or
to sell side?

Thanks in advance, Vinay M