SecurityType (167) = ZOO

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Imported from previous forum

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I am working on a FIX.4.0+ Equities & Options FIX sell side application upgrade to FIX.4.2+ multi asset class system. I was studying FIXimate and trying to list the values of Tag 167 SecurityType that would need to be supported in the upgraded system. My daughter (student of 2nd grade) asked ‘Can you sell “Cats, Tigers & Lions” using FIXProtocol ? That so cool’ With my FIXProtocol knowledge I could not come up with an answer.

Just curious in FIX.4.2 what 167=ZOO means ?

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I am working on a FIX.4.0+ Equities & Options FIX sell side application
upgrade to FIX.4.2+ multi asset class system. I was studying FIXimate
and trying to list the values of Tag 167 SecurityType that would need to
be supported in the upgraded system. My daughter (student of 2nd grade)
asked ‘Can you sell “Cats, Tigers & Lions” using FIXProtocol ? That so
cool’ With my FIXProtocol knowledge I could not come up with an answer.

Just curious in FIX.4.2 what 167=ZOO means ?

These are zero coupon bonds based on bonds issued by US treasury.

CATS = Certificate of Accrual on Treasury Securities
TIGR = Treasury Investors Growth Receipt
Lion = Lehman Investment Opportunity Notes

Morningstar has a good explanation - http://news.morningstar.com/classroom2/course.asp?docId=5479&page=2