RE: FpML-BP Call for comments: trade execution messages

[matthew.d.rawlings@xxxxxxxxxxxx]

Pools of executions to allocate is another
concept that happens in the market, but doesn't yet have support in FpML.

Matthew Rawlings 
+44 7917 596 827

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

19/03/2008 14:10

Please respond to
bpwg@xxxxxxxx

To	<bpwg@xxxxxxxx>
cc
Subject	RE: FpML-BP Call for comments: trade execution messages

Up to this, the concept of an underlying order that
could be filled with multiple fills hasn't been raised as a requirement
for the  OTC derivatives that we're trying to represent in FpML.  The
intention here was just to be able to represent an execution of a trade,
for instance on an electronic trading platform or an interdealer broker.
 We currently have no concept in FpML that the execution might be
filling a previous order, since we don't currently represent orders in
any way in FpML.

Having said this, it's an area that should probably be covered in the pre-trade
space, if we ever get to enhancing the FpML pre-trade business process
model.  A while back I'd identified a number of items that we could
potentially cover, including orders (of a variety of flavors), RFQ counter-offers,
advertisements/indications of interest, etc.

At the moment the greatest interest for pre-trade in FpML seems to be coming
from the FIX-FpML working group, and from what I can gather the focus is
currently more on enhancing FIX to better cover OTC derivatives than enhancing
FpML to better address pretrade.

- Brian


-----Original Message-----
From: bpwg@xxxxxxxx [mailto:bpwg@xxxxxxxx] On Behalf Of Michael Alexander
Sent: Monday, March 17, 2008 10:46 AM
To: bpwg@xxxxxxxx
Subject: Re: FpML-BP Call for comments: trade execution messages

excuse my ignorance to any prior discussions on this but I have a
comment on the TradeExecutionNotification message: a notion on the
state of the underlying order might facilitate processing - that is if
the order the trade belongs to has been fully filled or is still open.

On Mon, Mar 17, 2008 at 1:10 PM, Marc Gratacos <MGratacos@xxxxxxxx>
wrote:
>
>
>
>
> Please, let me know if there are any comments regarding this proposal
before
> next week's Monday 2008-03-24. Otherwise we'll distribute it to the
> Coordination Committee for final approval.
>
>
>
>  ________________________________
>
>
> From: bpwg@xxxxxxxx [mailto:bpwg@xxxxxxxx] On Behalf Of Marc Gratacos
>  Sent: Monday, March 10, 2008 9:27 AM
>  To: bpwg@xxxxxxxx
>  Subject: FpML-BP teleconference 2008-03-12
>  Importance: High
>
>
>
> The next BPWG meeting will be Wednesday March 12
>
> Please note that due to the daylight saving time change in the US
the times
> for the meeting are:
>
> 12:00 to 13:00 New York Time
> 16:00 to 17:00 London Time
>
>
>
> Agenda
>
>
>
> 1. Trade Execution Messages (See updated proposal)
>
> 2. Settlement Information Notification (I'll send a proposal before
the
> call)
>
> 3. AOB
>
>
>
>
>
> Call details:
>
>
>
> US: 1 888 481 3032
>
> UK: 0 800 904 7961
>
> Intl: 1 617 801 9600
>
> Code: 8682747
>
>
>
>
>
> Kind Regards,
>
> -Marc
>
>
>
>
>
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-- 

Best Regards,

Dr. Michael Alexander
WU Wien Dept. of Information Systems
malexand@xxxxxxxxxxxxx / +43.1.31336.4467
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