Orchimate 1.5.0 /

FIX4.1-1999-06-30

The allocation record instructs a broker on how to allocate executed shares to sub-accounts. The allocation record can also be used as a confirmation message through which third parties can communicate execution and settlement details between trading partners. In addition, the allocation record can be sent by the broker to communicate fees and other details which can only be computed once the sub-account breakdowns are known.

An allocation message can be submitted as preliminary, calculated, new, cancel or replace. The AllocTransType field indicates the purpose of the message. When submitting calculated, replace, or cancel AllocTransType messages the RefAllocID field is required. Replacement allocation messages must contain all data for the replacement allocation. Calculated allocations should have a unique AllocID and use RefAllocID to specify the AllocID from the preliminary.

The allocation record contains repeating fields for each order, sub-account and individual execution. The repeating fields are shown below in typeface Bold-Italic. The field’s relative position in the record is important. For example, each instance of allocation must be in the order shown below.

• The total shares allocated must equal the Shares value which must equal the total executed quantity of the original order. If present, the total shares in the execution section must also be equal to this value.
• The number of sub-account instances is indicated in NoAllocs.
• Multiple orders can be combined for allocation by identifying the number of orders in the NoOrders field and each individual order in the OrderID fields. Combined orders must have the same ticker, trade date, settlement date and side.

The typical flow for US domestic trading (without MiscFees) is as follows:

The typical flow for international trading (with MiscFees) is as follows:

¹ Settlement Instructions may occur anywhere in the flow and may represent standing instructions.