FIX Trading Community response to the ESMA consultation paper on MiFIR review report on the obligations to report transactions and reference data (November 2020)

Further extension to EP105, EP128, and EP129 to support transactional flow for party detail, risk limits and entitlements.

The extension covers the following:

• Messages to support transactions (Add, Delete, Modify) that define Party Details, e.g. lists of parties, their status, and their relationships with each other.
• Message to support disseminating incremental updates to Entitlements (e.g. what a party, or relationship between parties, is permitted or prohibited from doing.)
• Messages to support transactions (Add, Delete, Modify) that define Entitlements.

The following messages are hereby added to FIX with EP146:

• PartyDetailsDefinitionRequest
• PartyDetailsDefinitionRequestAck
• PartyEntitlementsUpdateReport
• PartyEntitlementsDefinitionRequest
• PartyEntitlementsDefinitionRequestAck

The following messages for parties reference data have already been added to FIX with EP105, EP128, and EP129:

• PartyDetailsListRequest
• PartyDetailsListReport
• PartyDetailsListUpdateReport
• PartyRiskLimitsRequest
• PartyRiskLimitsReport
• PartyRiskLimitsUpdateReport
• PartyRiskLimitsDefinitionRequest
• PartyRiskLimitsDefinitionRequestAck
• PartyEntitlementsRequest
• PartyEntitlementsReport

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 2012-12-03] FIXML Schema and FIX Repository updated to resolve schema validation errors reported.

[Updated 2012-06-25] Update of repository and FIXML Schema due to correction of EP131.

[Updated 2012-06-18] Added ASBUILT document, FIXML Schema and FIX Repository.

This extension pack, initiated by Eurex, includes a number of extensions to the standard FIX reference data messages and components as well as a number of new components and a single new message, the MarketDataReport message.

FIX Specification Corrections

Corrections to the FIX Specification for EP105 and EP126 were applied in EP195. These included:

• EP126 – Corrected the enum description for QuoteStatus(297) = 15 (Cancelled due to crossed market).
• EP126 – Corrected the inadvertent change of the field reference of QuoteID(117) in the QuoteCancel(35=Z) message from “Required” to “Not Required”.
• EP105 – Corrected the field reference attribute for NoPartyDetailSubIDs(1694) to “NotRequired” in the PartyDetailSubGrp component

A set of new messages for requesting and returning party details, relationships, and risk limits. Entitlement information (EP129) as well as the ability to define and maintain party details, entitlements and risk limits are covered by separate extension proposals that have either already been approved or submitted to the GTC.

Update History

[Resolved 2015-08-17] The field NoPartyDetailSubIDs(1694) was corrected to “NotRequired” in the PartyDetailSubGrp component. Resolved in EP195.

[Updated 2013-12-09] Updated FIXML Schema and FIX Repository files due to update to the FIX 5.0 SP2 base. See SP2 20131209 Errata Release Notes for details. An error was also corrected in EP105 to resolve an issue with incorrect coding of UndInstrmtGrp and InstrmtLegGrp components in the Repository – this change affects the generated FIXML Schema.

[Updated 2011-12-06] Final repository and FIXML Schema released. ASBUILT document updated.

[Updated 2011-10-04] Preliminary repository and FIXML Schema released pending final EP validation.

[Updated 2011-09-18] Changes to the ASBUILT document to correct errors and highlight extensions.

[Updated 2011-06-22] Changes to the EP content to correct errors and support inlined component references.

[Updated 2011-06-22] Repository updates besides EP content changes.