Tag 667 (ContractSettlMonth) specifies the settlement thirty day period of a futures or selections agreement in YYYYMM format. It identifies the shipping cycle and supports accurate contract mapping. ContractSettlMonth is Employed in derivatives buying and selling and is important for accurate pricing and clearing.
Tag 142 (SenderLocationID) identifies the Bodily or rational place in the sender, for instance a information center or trading desk. It supports latency checking and routing optimization. SenderLocationID boosts auditability which is Utilized in superior-frequency buying and selling to analyze geographic performance.
This discipline improves transparency in RFQ workflows and enables clientele to accurate errors. QuoteEntryRejectReason supports economical troubleshooting and enhances the dependability of automated quoting and reaction devices in sophisticated trading environments.
Tag 294 (DefOfferSize) will be the default offer you sizing inside of a market knowledge entry for concealed orders. It reveals the seen amount within the inquire. DefOfferSize supports depth Examination in non-clear marketplaces. It helps algorithms estimate real liquidity and keep away from details leakage.
Tag 404 (LiquidityValue) represents the monetary worth of liquidity offered in a trade or estimate. It could replicate the notional size or funds worth of a bid/present.
” This discipline improves trader recognition and supports compliance and audit processes. While not parsed algorithmically, it improves transparency in sophisticated devices. UnderlyingSecurityDesc is Utilized in estimates, orders, and sector info to convey characteristics not captured by regular identifiers, ensuring clarity in trading and reporting.
Tag 513 (RegistID) is a singular identifier assigned to some registration file, which include for a company motion or new difficulty. It enables tag168 tracking and referencing of distinct registration situations.
Company usually means the broker acted being an agent, Principal means they made use of their particular capital, and Riskless Principal entails offsetting trades. This discipline makes certain transparency in execution good quality and supports compliance with very best execution obligations.
Tag two (AdvId) is a unique identifier assigned by the sender to an Advertisement information (MsgType seven). It allows monitoring and referencing of particular sector interest bulletins for the safety. This ID continues to be regular once the ad is modified or canceled, making sure continuity.
It allows centralized messaging when preserving counterparty identity. This field supports agency buying and selling and multilateral relationships. It is validated at the session stage and guarantees right attribution.
Tag 178 was useful for account selection but is changed. Modern-day units use standardized account fields.
Tag 403 (LiquidityPctHigh) specifies the upper sure of the liquidity supplier’s participation charge. It defines the maximum volume They might trade.
LocationID enhances auditability and is also used in large-frequency trading to investigate geographic general performance and compliance with clock synchronization regulations.
It controls how settlement specifics are decided. SettlInstMode supports automation and reduces handbook enter. It can be Utilized in Settlement Instruction messages and guarantees appropriate managing of delivery instructions.