question

Upvotes
Yevheniia Kharakozova avatar image
1 ●2 ●4 ●4

Cash RFQ FIX: no allocation direction for multi-allocation spot request

Hi

Seems like there is an issue with multi-allocation spot request:

1660902703454.png

net side is Buy, and second allocation has opposite direction to the net


FIX request is:

8=FIX.4.4|9=772|35=R|49=...|56=...|34=36|52=20220819-09:31:49.886|131=137452192|31984=0|31985=0|146=1|55=EUR/USD|31022=Y|31994=5|31995=3|30379=7|30381=2|30382=2|167=FXSPOT|31992=2|9234=N|1913=1|15=EUR|9240=N|453=3|...|

555=1|

654=1|687=5000.00|556=EUR|588=20220823|675=EUR|6215=SPOT|30255=5493004U2OZSNOP2ML97137452192L0|30463=N|600=EUR/USD|609=FXSPOT|

670=3|

672=0|671=RFQ1|9252=5493004U2OZSNOP2ML97137452192L0A0|9255=LEIACCT1012345678900|673=10000.00|1367=EUR|

672=1|671=RFQ2|9252=5493004U2OZSNOP2ML97137452192L0A1|9255=LEIACCT1012345678900|673=20000.00|1367=EUR|

672=2|671=RFQ3|9252=5493004U2OZSNOP2ML97137452192L0A2|9255=LEIACCT1012345678900|673=15000.00|1367=EUR|

60=20220819-09:31:49.876|10=148|

And there are no tags like 9212 or 30473 to determine the direction of the allocation


Could you please advise how to deal with allocations directions without mentioned tags?

Thanks


fix-protocol
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raksina.samasiri avatar image   raksina.samasiri

Thank you for your participation in the forum. Is the reply below satisfactory in resolving your query?

If so please can you click the 'Accept' text on the left side of the appropriate reply? This will guide all community members who have a similar question.

Thanks,

AHS

Yevheniia Kharakozova avatar image   Yevheniia Kharakozova raksina.samasiri
Hi

We had a discussion with your team in email and James' previous reply doesn't seem to be full and the issue is still present

Thanks

wasin.w avatar image   wasin.w Yevheniia Kharakozova

Hello @Yevheniia Kharakozova

Could you please let us know if the issue still persists?

raksina.samasiri avatar image   raksina.samasiri

Hello @Yevheniia Kharakozova

Could you please let us know if the issue still persists?

Thanks,
AHS

raksina.samasiri avatar image   raksina.samasiri

hi @Yevheniia Kharakozova ,

I'm afraid we haven't heard from you in a while and we cannot provide further assistance without the details we asked for. I'm closing this thread. If you need any further assistance, please start a new thread.

Thanks,
AHS

zoya faberov avatar image   zoya faberov

<AHS only>

Heads-up from RFQ FIX team:

"We currently liaise with internal teams to come up with the final answer. Can we leave it as it is for now? As we want to keep the answer consistent. We will come up the answer this week. "


2 Answers

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Upvotes
Yevheniia Kharakozova avatar image
1 ●2 ●4 ●4

The similar happened with multi-allocation swap:

1660910517487.png

8=FIX.4.4|9=1106|35=R|49=...|56=...|34=16|52=20220819-11:29:17.554|131=137497930|31984=0|31985=0|146=1|55=EUR/USD|31022=Y|31994=5|31995=3|30379=7|30381=2|30382=2|167=FXSWAP|31992=2|9234=N|1913=1|38=0.00|15=EUR|9240=N|25044=LEIACCT1012345678900|31345=N|31344=DEAL|453=3|...|

555=2|

654=1|687=10000.00|556=EUR|588=20220823|675=EUR|6215=SPOT|30255=635400MQZIPRVPDDZK76137497930L0|30442=N|30463=N|600=EUR/USD|609=FXSPOT|

670=2|

672=0|671=RFQ1|9252=635400MQZIPRVPDDZK76137497930L0A0|9255=LEIACCT1012345678900|30462=N|673=20000.00|1367=EUR|

672=1|671=RFQ2|9252=635400MQZIPRVPDDZK76137497930L0A1|9255=LEIACCT1012345678900|30462=N|673=30000.00|1367=EUR|

654=2|687=10000.00|556=EUR|588=20220923|675=EUR|6215=1M|30255=635400MQZIPRVPDDZK76137497930L1|30442=N|30463=N|600=EUR/USD|609=FXFWD|

670=2|

672=0|671=RFQ1|9252=635400MQZIPRVPDDZK76137497930L1A0|9255=LEIACCT1012345678900|30462=N|673=20000.00|1367=EUR|

672=1|671=RFQ2|9252=635400MQZIPRVPDDZK76137497930L1A1|9255=LEIACCT1012345678900|30462=N|673=30000.00|1367=EUR|

60=20220819-11:29:17.541|10=107|


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Upvotes
james.leung avatar image
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Hi Yevheniia Kharakozova,

The tags, such as 9212 or 30473, will not be necessary in this case. As pair EUR/USD we're buying USD with our EUR, or, if looking from other side - we're SELLING our EUR for USD , it will already deal with allocation directions.

Please contact CashRFQFIX@lseg.com know if further clarification is need.

Kind regards,

James


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