Code Set
| ID | 28 |
| Type | String |
Represents the internal department, unit or desk originating or accepting the order.
| Name | Value | Synopsis | Elaboration | Pedigree |
|---|---|---|---|---|
| Agency | A | A desk or department where orders may be routed to other trading centers, either by a trading system or with the assistance of traders. This would include smart routers and algorithmic trading. | ||
| AlternativeTradingSystem | ATS | A trading system that meets the definition of “Alternative Trading System” under Regulation ATS. | ||
| DirectMarketAccess | DMA | For CAT reporting purposes, represents when an Industry Member permits a customer to use a market participant identifier assigned to the Industry Member to route orders directly to market centers. | ||
| SponsoredAccess | SA | For CAT reporting purposes, represents when an Industry Member permits another broker-dealer to use a market participant identifier assigned to the Industry Member to route orders directly to market centers. | ||
| Trading | T | A desk or department where orders are executed. This may be interpreted as either a trading system or a desk or department where orders are executed with the assistance of traders. | ||
| Other | O | A department that does not execute orders or route orders to other trading centers. The value of ‘O’ must only be used on events that are followed by Internal Route Accepted events. |
Orchimate Copyright 2026 Atomic Wire Technology Limited
Orchestra Copyright 2026 FIX Protocol Ltd
Terms of Service|Privacy Policy