Questions?

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1

Imported from previous forum

2

In Post Trade, I need the follow functionality:

a. Annulment

  1. One counter-party of a trade wants to request the annulment of a trade, this request should be sent to the other counter-party through a FIX Gateway.
  2. The other counter-party could accept the annulment or reject it. If the annulment is accepted, the trade should be deleted using some FIX message.

b. Change trade to be settled via Clearing House (CLS)

  1. One counter-party of a trade wants to request the change the settlement via CLS
  2. The other counter-party could accept or reject the change. If the change is accepted the trade should be marked as settled via CLS.

Which FIX messages I could use to implement these two functionality and maybe which fields I should fill to send these messages?

3

Hi Benito,
I believe that the annulment can be handled through the J message. However, this message is typically sent from the asset manager to the broker. There’s currently no message to go the other way. This can be accepted or rejected using a P message.

As for the trade to be settled via a Clearing house, you can use the SSI repeating group in the AK messages.

I’m happy to help you further if needed. I’ve struggled through this before, so I’m quite familiar with it.

Thanks,
Vijay Rao

4

Hi Benito,
This doesn’t seem like a post-trade topic. Can you please post your question in the appropriate forum? Thanks!

Vijay