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Exact usage of Tag203:CoveredOrUncovered for Options
Yves-Eric MARTIN / SG
4 Feb 2011 4:58AM ET

Hello,

Tag203 has two possible values in the SingleOrderMsg: CoveredOrUncovered
But no description on its usage

Does any one knows if it it used:
1) By the buy-side to report that they are Covered or not by another already existing position (pure reporting for regulation purpose on some countries?)
2) By the buy-side to ASK the broker to Cover him (like Delta Hedging) ?

Thanks for your advise

Exact usage of Tag203:CoveredOrUncovered for Options
Yves-Eric MARTIN / SG   4 Feb 2011 4:58AM ET

Re: Exact usage of Tag203:CoveredOrUncovered for Options
John Harris / BondMart Technologies, Inc.   4 Feb 2011 5:30AM ET

Re: Exact usage of Tag203:CoveredOrUncovered for Options
Yves-Eric MARTIN / SG   4 Feb 2011 6:00AM ET

Re: Exact usage of Tag 203: Covered Or Uncovered for Options
John Harris / BondMart Technologies, Inc.   4 Feb 2011 7:37AM ET

Re: Exact usage of Tag 203: Covered Or Uncovered for Options
Yves-Eric MARTIN / SG   4 Feb 2011 8:05AM ET