Imported from previous forum
[ original email was from Randy Baiad - randy@trinitech.com ]
I am trying to determine how to send writtens in FIX4.0. Some of the information needed is the Contra Firm ID and Contra Badge Number. I was planing on using Allocation messages with the NoAllocs set to one. Do I use AllocAccount for the ContraFirm, the ClientID for the ContraBroker Badge Number, and the ExecBroker as the Executing Broker’s Badge Number? What about the Executing Firm’s Clearing Name? Allocations seam to be set up for Client Side not Street Side.
Are Allocations the correct message or are Execution Reports the right approach? If so, I still need to add various fields to make this work. Even so, aren't executions designed for verbals, so how is the FIX receiver going to determine if this execution is a written or a verbal?