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4.2 Changes
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Re: Identify Japanese off-exchange (Tachiaigai) executions
Sridhar Balakrishna / Meta-Bit <>
3 Aug 2008 11:50PM 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
Re: Identify Japanese off-exchange (Tachiaigai) executions
Sridhar Balakrishna / Meta-Bit 3 Aug 2008 11:50PM ET
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