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FpML-BP RE: [fpml-coord] FpML pre-trade business process review



Matthew –

 

Thanks for the feedback.  I hadn’t seen this issue and no one raised it at today’s coordination call.

 

I will adjust based on your feedback.

 

- Brian

 


From: coord@xxxxxxxx [mailto:coord@xxxxxxxx] On Behalf Of matthew.d.rawlings@xxxxxxxxxxxx
Sent: Monday, July 09, 2007 4:19 PM
To: coord@xxxxxxxx
Cc: bpwg@xxxxxxxx; coord@xxxxxxxx
Subject: Re: [fpml-coord] FpML pre-trade business process review

 


IOIs and Advertisements were planned for FpML 4.3 WD2 http://www.fpml.org/issues/view.php?id=247

Missing Business Messages to add for FpML 4.3 WD2 http://www.fpml.org/issues/view.php?id=244

  1. AbandonOrder
  1. Advertisement
  1. AllocationAlleged
  1. AllocationAlreadyMatched
  1. AllocationAlreadySubmitted
  1. AllocationConfirmed
  1. AllocationMatched
  1. AllocationMismatched
  1. AllocationUnmatched
  1. AllocationAmendmentConfirmed
  1. CancelAllocationConfirmation
  1. ConfirmAllocation
  1. AllocationConfirmationCancelled
  1. OrderFilled
  1. OrderWithdrawn
  1. FullyAllocated
  1. IndicationOfInterest
  1. ModifyAllocationMatch
  1. Order
  1. WithdrawIndicationOfInterest
  1. WithdrawOrder


As to whether the market is order driven or quote driven, etc., there is significant sensitivity in the broker-dealers about this - as I am reminded by the business heads. Realistically we cannot broker a deal on the direction of the market, and will end up enabling a broad spectrum of options i.e. supporting many ways of working, just like FIX.

Matthew Rawlings
+44 7917 596 827


"Brian Lynn" <brian.lynn@xxxxxxxxxxxxxxxxxxx>
Sent by: coord@xxxxxxxx

09/07/2007 20:00

Please respond to
coord@xxxxxxxx

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<coord@xxxxxxxx>, <bpwg@xxxxxxxx>

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Subject

[fpml-coord] FpML pre-trade business process review

 

 

 




At today’s coordination committee meeting, I was asked to put together a list of areas that we should review in the FpML pre-trade coverage.
 
I put together this preliminary document (see attached), which focuses on some areas where we could potentially expand FpML’s pre-trade coverage.  It doesn’t yet talk about the process we would need to use to do this, which would presumably include reviewing other standards (especially FIX), talking with trading platforms, etc.
 
Please let me know any comments you may have.
 
Regards,
 
Brian[attachment "FpML PreTrade Review.doc" deleted by Matthew D Rawlings/JPMCHASE]


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