[This message was posted by Greg Malatestinic of Jordan & Jordan <[email protected]> to the "FIXML_Schema" discussion forum at http://fixprotocol.org/discuss/19. You can reply to it on-line at http://fixprotocol.org/discuss/read/43099a27 - PLEASE DO NOT REPLY BY MAIL.]
> What is DDS ? and whats the difference between strkPx and strkQt ? Whats > the impact of OSI change on these two fields.? > > Thanks DDS is the interface to the OCC clearing system. It uses FIXML as its data format and provides several methods of data transfer in both batch and real-time modes. You may have heard of NDM or FTP+, these are for batch transfers. As of today StrkPx(202) and StrkQt(user defined tag) are both used by the OCC to describe a strike price. StrkQt provides a fractional representation, eg. "31 5/8". When OSI takes effect, all equity strike prices will be converted to decimal format. Accordingly StrkQt will be removed from all messages. StrkPx, currently in a decimal format, will not change. I hope this helps. -Greg [You can unsubscribe from this discussion group by sending a message to mailto:[email protected]] --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/FIX-Protocol?hl=en -~----------~----~----~----~------~----~------~--~---
