Imported from previous forum
[ original email was from steve cook - steve.cook@orcsoftware.com ]
I’m doing a presentation for FPL on FIX in the derivatives space, and wondered if anyone using any of the standard FIX messages (such as the Collateral messages AX, AZ, BA, BB etc) for sending margin calls to clients?
thx
Steve
The OCC is planning (or maybe) using these messages for clearing firms to meet collateral requirements.
Jim is correct that the OCC is using Collateral messages for reporting of collateral activity and inventory. We use the FIXML CollRpt and CollResp messages. We have a fair number of large US broker dealers receiving and using these messages in production.
Regards,
Matt Wolfe
The OCC is planning (or maybe) using these messages for clearing firms
to meet collateral requirements.