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Re: FpML-FIX Working Group - Revised Example



Jim, the push back regarding use of XMLData in the tag=value format of FIX

is because that field is in the header.  A lot of times header information

does not get passed back propery by the FIX engine to the upstream 
application.  I view the FpML as business content that should be part of 
the message body that does not belong the FIX message header.  I think 
using FIXML with FpML over a FIX session layer is a different story, we're

strictly looking at this from the classic FIX perspective.  TW has a 
time-to-market issue here so, I think we found a solution that their 
clients (and the OMS vendors they use) can easily work with.

Northey, Jim wrote:

> I think this is open to discussion as we specified in the 4.4 
> specification that the XMLData can be used for any type of XML encoding 
> and we specified  ./ purposely for FpML payload.
> 
>  
> 
> If you ever used FIXML with FpML over a FIX session layer – which I 
> support – I think we would use a combined XML document – per the work 
> Robert et al did previously.
> 
>  
> 
> ------------------------------------------------------------------------
> 
> From: Dean Kauffman [mailto:Dean.Kauffman@xxxxxxxxxxxx]
> Sent: Thursday, March 17, 2005 7:43 AM
> To: fpml-fix@xxxxxxxxxxxxxxxxxxxx
> Subject: RE: FpML-FIX Working Group - Revised Example
> 
>  
> 
> That was my original proposal - but Scott defended FIXML's ground.  If 
> classic FIX used XMLData for FpML, FIXML would have to find another 
> location for it.  I think "./" would be super in the SecurityID field 
> when SecurityIDSource=I (FpML) and the FpML document is imbedded in 
> EncodedSecurityDesc.
> 
>     -----Original Message-----
>     From: Northey, Jim [mailto:jnorthey@xxxxxxxxx]
>     Sent: Thursday, March 17, 2005 8:32 AM
>     To: fpml-fix@xxxxxxxxxxxxxxxxxxxx
>     Subject: RE: FpML-FIX Working Group - Revised Example
> 
>     Just wanted to make sure folks looked at FIX 4.4 – the embedded
>     XMLData approach – I think the URL for this was something like “./”
>     – to indicate that the document is contained within the document.
> 
>      
> 
>
------------------------------------------------------------------------
> 
>     From: Dean Kauffman [mailto:Dean.Kauffman@xxxxxxxxxxxx]
>     Sent: Wednesday, March 16, 2005 11:41 AM
>     To: fpml-fix@xxxxxxxxxxxxxxxxxxxx
>     Subject: RE: FpML-FIX Working Group - Revised Example
> 
>      
> 
>     Robert et al,
> 
>     We've been working with XML content for some time and the generally
>     accepted style is to omit formatting on transmission - some
>     file-systems are confounded by NLs embedded in variable length
>     records. The readily-available tools for displaying XML, e.g. MS
>     Internet Explorer, XERCES tools, will add back in the structural
>     formatting.
> 
>     Dean
> 
>         -----Original Message-----
>         From: Robert Green [mailto:rgreen@xxxxxxxx]
>         Sent: Wednesday, March 16, 2005 10:44 AM
>         To: fpml-fix@xxxxxxxxxxxxxxxxxxxx
>         Subject: Re: FpML-FIX Working Group - Revised Example
> 
> 
>         I think this accurately reflects the working group's
>         conversation, Scott.
> 
>         I had a question about one of the marginal notes:
> 
>         FpML content will not contain TABs or NLs
> 
>         I am interested in why this restriction would exist.  It seems
>         likely that systems that create FpML might normally put in tabs
>         and/or NL's (as was included in the example you provided.)  Is
>         this a FIX restriction?
> 
>         Best regards,
> 
>         Bob
> 
>         ______________________________________
>         Bob Green
>         Vice President - Systems
>         Phone:  813 470-2800     FAX: 212 908-2255
>         E-mail:   rgreen@xxxxxxxx <MAILTO:rgreen@xxxxxxxx>
>         Depository Trust & Clearing Corporation
>         18301 Bermuda Green Dr, Tampa FL 33647
> 
>          
> 
>         	
> 
>         scott_atwell@xxxxxxxxxxxxxxxxxxx
> 
>         03/16/2005 09:36 AM
>         Please respond to fpml-fix
> 
>         	
> 
>                
>                 To:        fpml-fix@xxxxxxxxxxxxxxxxxxxx
>                 cc:        "Gregory J. Vierheilig"
>         <gregory.vierheilig@xxxxxxxxxxxxxxxxxxxxxxxxxxx>, "Robert
>         Stowsky (E-mail)" <rstowsky@xxxxxxxxxxxxx>, "Lisa Taikitsadaporn
>         (E-mail)" <tai@xxxxxxxxxxxxx>, dean.kauffman@xxxxxxxxxxxx, (bcc:
>         Robert Green/DTCC)
>                 Subject:        FpML-FIX Working Group - Revised Example
> 
> 
> 
> 
> 
> 
> 
> 
> 
>         The example Dean Kauffman from TradeWeb presented at yesterday's
>         meeting
>         has been revised and a Word version posted on the FPL-FpML
>         Collaboration
>         Working Group page.  You can access it via:
>         http://www.fixprotocol.org/documents/1349/FIXFpML%20Proposal.doc
>         -----
>         TradeWeb Proposal to include FpML within FIX mesages for
>         Interest Rate
>         Swaps
> 
>         Proposal to include FpML (XML document) within FIX messages (via
>         EncodedSecurityDesc(351) in the FIX <Instrument> block).
>         Attributes that do
>         not have FIX equivalents appear only in the FpML Content -
>         calendars, day
>         conventions, payment & calculation adjustments, termination
>         provisions (not
>         shown), etc. The example provided by Thomson-TradeWeb is a
>         sample FIX
>         Execution Report for Interest Rate Swaps.
> 
> 
> 
> 
>                                                                        
>                  
>                      "Dean                                              
>                  
>                      Kauffman"                                          
>                  
>                      <Dean.Kauffman                                    
>                To
>                      @TradeWeb.com>         "Gregory J. Vierheilig"    
>                  
>                                            
>         <gregory.vierheilig@implementationsol
>                      03/14/2005             utions.com>,                
>                  
>                      04:03 PM              
>         <FpML-FIX@xxxxxxxxxxxxxxxxxxxx>      
>                                                                        
>                cc
>                                             "Lisa Taikitsadaporn
>         (E-mail)"        
>                      Please respond         <tai@xxxxxxxxxxxxx>, "Robert
>         Stowsky  
>                            to               (E-mail)"
>         <rstowsky@xxxxxxxxxxxxx>    
>                      fpml-fix@fpml.                                    
>           Subject
>                      team.collab.ne         FpML-FIX RE: REMINDER:
>         FpML-FIX      
>                            t                Working Group Meeting -
>         March 15,    
>                                             2005 @ 9AM                  
>                  
>                                                                        
>                  
>                                                                        
>                  
>                                                                        
>                  
>                                                                        
>                  
>                                                                        
>                  
>                                                                        
>                  
> 
> 
> 
> 
>         Attached is a sample FIX ExecutionReport for an Interest Rate
>         Swap for
>         discussion.  The actual FIX tags would be numeric only -
>         expansion is
>         included here for help reading the content.  The FpML document
>         describing
>         the trade is embedded in the XMLData group in the header, the
>         SecurityIDSource(22) is "I" ISDA and the SecurityID(48) gives
>         the ISDA name
>         of the floating rate index "EUR-EURIBOR-Telerate".  Attributes
>         that do not
>         have FIX equivalents appear only in the FpML Content -
>         calendars, day
>         conventions, payment & calculation adjustments, termination
>         provisions
>         (which I don't show here), etc.
> 
>         Look forward to your feedback.
> 
>         -----Original Message-----
>         From: Gregory J. Vierheilig
>         [mailto:gregory.vierheilig@xxxxxxxxxxxxxxxxxxxxxxxxxxx]
>         Sent: Monday, March 14, 2005 2:46 PM
>         To: FpML-FIX@xxxxxxxxxxxxxxxxxxxx
>         Cc: Dean Kauffman
>         Subject: REMINDER: FpML-FIX Working Group Meeting - March 15,
>         2005 @ 9AM
> 
> 
>         Hello,
> 
>         This email is to remind you that an FpML-FIX Working Group
>         meeting with a
>         presentation by Dean Kauffmann of Trade Web.
>         The meeting is scheduled to be held on Tuesday, March 14, 2005
>         at 9AM. The
>         call-in number and agenda are as follows.
> 
> 
>         Dial-in information:
> 
>         Direct Dial-in: 201-210-3434
>         Participant code: 825508
> 
>         Reference code (for problems): 272509
> 
>         Best Regards,
> 
>         Greg
> 
>         Gregory Vierheilig
>         Implementation Solutions, LLC
>         331 West 57 Street, #364
>         New York, New York 10019
>         866-941-8650 Voice
>         866-941-5955 Fax
>         973-930-0866 Mobile
>
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