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Workflow

Taker ESP or Taker RFS.

FXSpotStream is a connectivity provider with access to multiple bank liquidity providers (LPs), supporting RFS (spot, forward, swap, NDF, NDS) and ESP (spot, forward, NDF). Multi-allocations and blocks are not supported.

LP selection

The client is required to specify which LPs to receive quotes from by populating the NoPartyIDs repeating group in the MF QuoteRequest – use PartyRole (452) = ExecutionVenue (73). Multiple LPs are supported for ESP requests but only a single LP is supported for RFS requests.

The supported LPs are:

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Supported Instruments

Please refer to Supported Instruments to view across all venues.

PartyIDs

Example: 

8=FIXT.1.1|9=423|35=R|1129=5 18444 1179469389 189|34=603|49=CL_dev-fxspotstream-pricing|56=MF_dev-fxspotstream-pricing|52=20200723-17:30:50.905000000|20003=N N|20004=N|60=20200723-18:30:50.905000000|131=qr_2/ftY4_1595525350490|2115=101|55=EUR/USD|167=1|20021=N N N N|453=2|452=11|448=testTrader|452=73|448=CGMI|555=1|609=1|624=1|556=EUR|685=1000000|587=28|670=1|671=testAccount|672=1|673=1000000|58=testText|10=000|

Note not all LPs are supported in the FSS simulator environment.

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Table Filter hideControls true inverse false sparkName Sparkline hidePane true isNew false separator Point (.) ddSeparators true default FXSpotStreamfxspotstream isFirstTimeEnter false userfilter Venue datepattern dd M yy id 16075253245451655720330267_-20889689951542429409 worklog 5|8|w d h m|w d h m isOR AND order 0 Table Excerpt Include copytable true name RegulatoryFieldsPartyIDs page Regulatory FieldsPartyIDs type page

Please refer to or Regulatory Fields for the full Enterprise table to PartyIDs to view across all venues.

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Regulatory Fields

Please refer to Whisperer Enterprise - PartyIDs for the full Enterprise table to Regulatory Fields to view across all venues.

Passthru

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Fields

LP specific regulatory fields / PartyIDs

Required by HSBC for MIFID trading clients when trading MIFID covered products

NewOrderMultiLeg.NoPartyIDs.PartyRole = OrderOriginationFirmLEI

ExecutionReport.NoPartyIDs.PartyRole = ExecutingFirmLEI

NewOrderMultileg.NoLegs.NoLegRegulatoryFields.LegRegulatoryKey = LegMiFIDISIN

Required by UBS for MIFID trading clients when trading MIFID covered products

Please refer to Passthru Fields to view across all venues.

Details

LP selection

Fxspotstream supports both Bilateral Quote negotiation and Basket functionality where Quote messages are received from multiple providers. 

The client can specify which LPs to receive quotes from by populating the QuoteRequest NoPartyIDs with PartyRole ExecutionVenue. Multiple LPs are supported for both ESP and RFS. 

For ESP Clients will always receive MassQuotes.

For RFS, Clients will either receive Quotes or MassQuotes depending on the number of LP's:

• Single LP (Bilateral) - QuoteRequest contains NoPartyIDs group with single PartyRole ExecutionVenue with PartyID populated with a LP. Clients will receive Quote message from requested LP.
• Multiple LPs (Basket) - QuoteRequest contains NoPartyIDs group with multiple PartyRole ExecutionVenues with PartyIDs populated with LPs. Clients will receive MassQuote messages with each LP as a QuoteEntry.
• All LPs  (Basket) - QuoteRequest does not contain PartyRole ExecutionVenue in NoPartyIDs. Clients will subscribe to all available LPs and they will receive Massquote messages with each LP as a QuoteEntry.

The supported LPs are:

* Wells Fargo's liquidity is available only on the ESP workflow. Wells Fargo's liquidity on RFS is a work in progress.

Example: 

8=FIXT.1.1|9=423|35=R|1129=5 18444 1179469389 189|34=603|49=CL_dev-fxspotstream-pricing|56=MF_dev-fxspotstream-pricing|52=20200723-17:30:50.905000000|20003=N N|20004=N|60=20200723-18:30:50.905000000|131=qr_2/ftY4_1595525350490|2115=101|55=EUR/USD|167=1|20021=N N N N|453=2|452=11|448=testTrader|452=73|448=CGMI|555=1|609=1|624=1|556=EUR|685=1000000|587=28|670=1|671=testAccount|672=1|673=1000000|58=testText|10=000|

Regulatory Detail

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