|
Allocations
< Previous Next >
Re: Allocation Query
Scott Atwell / American Century Investments <>
11 Sep 2008 8:52AM ET> Hi Friends
>
> Query on Allocation:
>
> When and why are these tags used(if at all they are used) Tag
> 366(AllocPrice) Tag 153(AllocAvgPx)
>
> Any help would be good.
>
> Thanks, Vishal
Please refer to "Example Usage of Allocations and Ready-To-Book Messaging" in Volume 5 of the FIX spec (versions 4.3 and higher or "Appendix K" in version 4.2). In a nutshell, AllocPrice was added to support the Japanese practice and requirement of breaking down allocations by "executed price" and the example usage appendix illustrates this. AllocAvgPx supports the ability to express a different average price for some accounts vs. others (eg 1 portfolio may have created its order later and joined/participated in an active order later and thus not eligible to participate in the earlier trades and their prices).
Re: Allocation Query
Scott Atwell / American Century Investments 11 Sep 2008 8:52AM ET
|
