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4.2 Changes
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Re: Identify Japanese off-exchange (Tachiaigai) executions
Sridhar Balakrishna / Meta-Bit <>
7 Aug 2008 7:26PM ET> > > Hi all,
> > >
> > > I would like to know what is the common market practice for sell-
> > > sides to identify Japanese off-exchange (Tachiaigai) executions for
> > > buy- sides in 4.2?
> > >
> > > Thanks
> >
> > Hi,
> >
> > Brokers have different views on the approach. One approach is to say
> > this is OTC, so set 11. Others say it is third market, which they set
> > TH. I personally would vote for OTC, because off-exchange executions
> > need brokers to report to exchanges as OTC.
> >
> > Regards, Sridhar B
>
> Dear Sridhar, Actually I am also looking for answer to this query.Incase
> we get 100=TH then which off floor that order will go.say there are
> securitiies which are listed in TOSNET for Tokyo.How to distinguish it
> has gone to TOSNET.
Hi Anand,
Use TradingSessionID as specified in the FIX 4.2 spec - as defined below:
Identifier for Trading SessionCan be used to represent a specific market trading session (e.g. "PRE-OPEN", "CROSS_2", "AFTER-HOURS", "TOSTNET1", "TOSTNET2", etc). Values should be bi-laterally agreed between counterparties.
However, the usage of the tag seemed to have changed in the later FIX versions.
Regards,
Sridhar B
Re: Identify Japanese off-exchange (Tachiaigai) executions
Sridhar Balakrishna / Meta-Bit 7 Aug 2008 7:26PM ET
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