Imported from previous forum
Should we add AggressorIndicator [1057] to ExecAllocGrp to fit it in allocations? This information may have implications on commissions. It is more related to executions / trades and than orders / order types as depending on business there may be cases when portion of the order is executed as passive and another portion as an aggressor.
Feedback is welcome.
FIA Post Trade Working Group just presented an extension proposal to the GTC for allocations that includes changes to ExecAllocGrp. Suggest to get involved there to see if they see value in including your suggestion. Tag 1057 is already part of the TradeCaptureReport message but I can see your point if only allocation messages are used.
I assume your usage is for the AllocationReport message. ExecAllocGrp is otherwise only present in the allocation instruction messages where this field would not be needed (similar to LastCapacity).
Should we add AggressorIndicator [1057] to ExecAllocGrp to fit it in allocations? This information may have implications on commissions. It is more related to executions / trades and than orders / order types as depending on business there may be cases when portion of the order is executed as passive and another portion as an aggressor.
Feedback is welcome.