[This message was posted by Steve Wilkinson of Cornerstone Technology Limited <[email protected]> to the "Algorithmic Trading" discussion forum at http://fixprotocol.org/discuss/31. You can reply to it on-line at http://fixprotocol.org/discuss/read/9521cc7f - PLEASE DO NOT REPLY BY MAIL.]
Zoltan, Thanks for the feedback, and I appreciate the possible admin overhead. Just to be clear, however, I am NOT proposing a register of algos, only a register of algo providers. Your point about use of the ISO standard for exchanges triggered a refinement on the original suggestion - instead of creating a register, how about we STRONGLY RECOMMEND that FIXatdl publishers include the first 4 characters of their ISO 9362 (aka BIC) code as the providerID? (Obvious question - do all global algo providers have a BIC code? My gut feel is yes, but maybe others can comment.) Thx - Steve. > Steve, > > This is an interesting observation, likely born of a well thought out > implementation. > > I must say that maintaining anything like this scares me a great deal. > Brings back bad memories of us trying to maintain a list of codes for > exchanges in FIX.4.2, which we then amended in the extension, and finally > abandoned by FIX.4.4 when we went with an ISO specification which even though > someone else now does the work of maintaining the data you are still > responsible for getting the latest data sets. > > I find the algo space very competitive with people continuously inventing > ever so creative names to brand their products. My only worry would be "Mary > and Larry's Brokerage" trying to publish their VWAP algo in a copycat fashion > as ML-VWAP in hopes that it may get confused with that of a bulge bracket > firm. I do see the risk of the top 20 or so providers clashing as quite > small. > > Perhaps an alternate solution would be to assign unique id's as you read > through the file and adding that to your identifier (Strategy/@providerID, > Strategy/@name) so that 1-ML-VWAP and 2-ML-VWAP could peacefully co-exist > should it arise in reality. > > Just my thoughts... > > Cheers, > Zoltan [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.
