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Warning
titleMandatory Change

Background

Introduce the ability to identify the Liquidity Provider liquidity provider that Filled or Rejected an order in the ESPTaker and RFSTaker workflows.

This feature will help users get a complete view of orders Filled or Rejected executed by an LP on an ECN + orders executed directly on the native bank API.


Affected Venues

Change

We will enrich ExecutionReport with ExecutionVenue PartyRole and PartyID populated with the MIC of the Liquidity Provider liquidity provider that Filled or Rejected an order.

Timeline

  • - UAT - The feature will be available for clients to test in UAT if they are trading on the affected venues.
  • At client's discretion - PROD - Whisperer release 2025.11.XX.WE or a later version will be available for clients who are ready to consume ExecutionReport consistently populated with ExecutionVenue PartyRole.

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Whisperer clients trading on the Affected Venues will start to receive the following fields in the HasExtendedOrderFields group in ExecutionReport:consistently receive ExecutionVenue PartyRole and PartyID populated with the MIC of the liquidity provider in ExecutionReport.

The ExecutionVenue enrichment applies to ExecutionReport with IsSynthetic flag set to Y and N.

Note
titleExecutionVenue in t360_tex

Please note that the ExecutionVenue mappings exist only for the MIC of LPs configured for our clients at the time of this implementation.

As we do not have the visibility of all the LPs that 360T supports, clients starting to trade on t360_tex with new LPs will receive Undefined as the PartyID for ExecutionVenue until the LP's MIC is handled/ mapped by MarketFactory's adapter.


The following table has the MIC of the LP that our clients will receive in ExecutionVenue:

VenuesMICs

autobahnfx_rapid

DBAG

autobahnfx_singleleg

DBAG

baml

BAML

barx

BARX

bnpparibas_efx_streaming

BNPS

celertech

CELR (No ISO MIC for Celertech. Using a custom code)

citi_colo

CGMI

exchange24

24EX

fxspotstream

MIC of the LP.

FXSS for PendingNew or orders Cancelled by FSS due to connection loss.

gsfx

GSCO

hsbc_fx_mds

HSBC

jpmorgan_fx

JPSI

morganstanley_esp

MSAX

natwest_markets

NWMS

nomura_esp

NMRA

rbc_trading

RBCS

saxo_direct

SXSI

socgen

XSGA

standardchartered_s2bx

STAN

statestreet_efx

SSBI

t360_tex

360T

ubs_fx2b

UBSG

xenfin_liquiditypool

XENF (No ISO MIC for XenFin. Using a custom code)

xtx_euthenia

XTXM
Venues / FieldsEffectiveTime

ExpireTime

ExposureDuration

StopPx

MinQty

MaxShow

DiscretionOffsetValue

PegPriceType

PegOffsetValue

PegOffsetType

StrategyParameterType

StrategyParameterName

StrategyParameterValue

autobahnfx_algo

          ✓        ✓     ✓                   ✓                   ✓                   ✓

bnpparibas_efx_algo

          ✓        ✓     ✓       ✓                  ✓                   ✓                   ✓                   ✓

broadridge_orders

          ✓         ✓      ✓      ✓       ✓                   ✓    

cboefx_fixproxy

          ✓     ✓     ✓       ✓                  ✓          ✓            ✓            ✓                   ✓                   ✓                   ✓celertech          ✓     ✓     ✓       ✓                  ✓          ✓            ✓            ✓cme_ilink3_sbe      ✓      ✓        ✓                     ebs_market_ilink3_sbe      ✓      ✓        ✓                   ✓ exchange24       ✓    fastmatch_autoex

          

              ✓     ✓       ✓                  ✓          ✓            ✓            ✓fidessa_orders

          ✓ 

        ✓     ✓     ✓        ✓                   ✓           ✓            ✓            ✓                    ✓                   ✓                   ✓fxall_activetrading

 

      ✓        ✓                    ✓  fxspotstream_algo          ✓        ✓     ✓     ✓       ✓                  ✓          ✓            ✓            ✓                   ✓                   ✓                   ✓fxspotstream         ✓               ✓                     ✓     fxspotstream_midmatch                 ✓      jpmorgan_fx_algo          ✓         ✓      ✓      ✓                    ✓                     ✓                    ✓                    ✓ lmax          ✓             ✓       ✓          ✓            ✓            ✓                   ✓                   ✓                   ✓lseg_ftg        ✓         ✓                   ✓                   ✓                    ✓                    ✓ lucera_lumefx       ✓        ✓    parfx_orders       ✓          ✓            ✓            ✓precision_algo          ✓        ✓     ✓       ✓                   ✓                   ✓                   ✓refinitiv_mapi         ✓               ✓        ✓                    ✓                    ✓                    ✓ t360_gtx          ✓        ✓              ✓     ✓     ✓       ✓                  ✓          ✓            ✓            ✓                   ✓                   ✓                   ✓ubs_algo          ✓        ✓     ✓                   ✓                   ✓                   ✓xenfin_liquiditypool        ✓     ✓     ✓       ✓                  ✓          ✓            ✓            ✓                   ✓                   ✓                   ✓


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