This extension supports regulatory requirements such as FINRA Regulatory Notice 09-54 related to firms submitting non-tape reports. It also supports regulatory requirements related to customer orders that may not be traded at a given market whenever there is a better price at another market. These requirements have in common that other market centers have to be identified.

Within FIX, one can easily indicate the market where a trade executes, e.g. the LastMkt (30) field. However, FIX has no current mechanism to indicate where a trade is reported (aka “prints”). An Exchange typically reports trades that are executed on it. Alternately, trades executed over-the-counter may be reported to a number of Trade Reporting Facilities (TRFs), Alternative Display Facilities (ADFs), or OTC Reporting Facilities (ORFs).

The extension adds new PartyRole values for a (Related) Reporting Market Center as well as for an Away Market.

Update History

[Updated 2013-12-09] The FIXML Schema and FIX Repository files have been updated for the following changes: an update to the base FIX 5.0 SP2 (See 20131209 Errata Release Notes); an update to EP105 to correct an issue with incorrect coding of UndInstrmtGrp and InstrmtLegGrp components in the Repository; an error in EP106 was also corrected to resolve FIXML Schema validation issues with components assigned to incorrect component categories.

[Updated 2011-12-06] Added repository and FIXML Schema.

This Extension Pack supports the US SEC order approving a plan to implement a Tick Size Pilot Program and specifically to meet the requirements for a new order type of Trade At Intermarket Sweep Order (TAISO).