[This message was posted by Aaron Pryce of Aaron Pryce Consultancy <[email protected]> to the "Foreign Exchange" discussion forum at http://fixprotocol.org/discuss/1. You can reply to it on-line at http://fixprotocol.org/discuss/read/d87c8a93 - PLEASE DO NOT REPLY BY MAIL.]
Hi Gary, I guess the question is "what is your underlying driver?" Do you need to guarantee uniqueness across many days using a combo of tags because your Tag 11 value is only unique on a daily basis ie a Tag 11 used today may be reused tomorrow? If the answer to the assumption above is yes and you are a market participant then using Tag 75 and Tag 11 seems logical. Obviously it would be better practise to ensure Tag 11 is unique over a longer time frame. If you are the venue then Tag 37 (Order ID) should be unique and used as the key order identifier. Does this answer your question? Let us know a few more details if it doesn't. cheers Aaron. > > > > Do we have a tag to indicate the Trade Date of the New Order-Single? > > > > > > > > In msgType 35=D, there's a tag 60, which is the "Transaction Time", and > > > > its description is 'Time of execution/order creation (expressed in UTC > > > > (Universal Time Coordinated, also known as "GMT")' > > > > > > > > I am wondering if the client system send in the same deal order (e.g. > > > > resend the deal order if the previous one not received), should the > > > > value of this tag 60 has the same value? > > > > > > > > If yes, it could serve as the functional trade date (i.e. no matter how > > > > many times this deal order is resent, it has the identical date value). > > > > > > > > Thanks for any comments. > > > > > > Tag 75, if present, should be trade date. > > > > > > Right, Tag 75 fits perfectly as its description: "Indicates date of trade > > referenced in this message in YYYYMMDD format. Absence of this field > > indicates current day (expressed in local time at place of trade)" > > Follow up question. For the Tag 60 (TrasactTime), should the value of this > keep constant? i.e. For the same New Order-Single, even the system pperform > resend (resend the same Deal order twice), the value of tag60 is same in > them? > > We are looking for a combination of tags which can be used as unique identify > for each Deal order. I am not sure if Tag 11 (ClOrdID) + Tag 75 (Trade Date) > have the enough uniqueness? or need to add the Tag 75 (TransactTime) > together? Thanks for any input. [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.
