FIA Execution Source Code, aka "Tag 1031", is an FIA led industry initiative in conjunction with FIA Tech. The goal of the initiative is to provide futures industry participants with a standardized data schema that aims to clearly identify the execution method used for Exchange Traded Derivative trades at point of origin, allowing executing and clearing brokers to easily reference the appropriate brokerage rate for the execution method.
Resources
FIA urges market participants to prioritize data standardization
Guidelines for the simplified FIA Execution Source Code Schema – Summary.pdf
Guidelines for the simplified FIA Execution Source Code Schema.pdf
Contact
| Press Inquiries FIA Media Relations FIAPR@fia.org |
Don Byron Head of Global Industry Operations & Execution, FIA dbyron@fia.org |
Tag 1031 Implementation StatusRevised 07.02.24 |
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| Exchange Group/Name (Trading) | CCP (Clearing) | Execution Messages | Mandatory on Execution Messages? | Provided on Clearing Feeds? | Notices | |||||
| CME Group - CME, CBOT, COMEX, NYMEX, KCBOT | CME |
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CME - Effective for trade date Monday November 18, 2019, CME Globex will require that the Order Handling Tag (“Tag 1031”) be provided on all submitted orders
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| CME Group - MGEX | MGEX |
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| LSE Group - IDEM | Euronext |
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LSE Group - IDEM makes Tag 1031 available in Version 14 of the SOLA® Trading System |
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| Deutsche Borse - EUREX | EUREX |
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Eurex to make execution source codes mandatory for all trades in November 2020
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| Deutsche Borse - EEX | EUREX |
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Eurex - T7 Release 9.0 |
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| ICE | ICE |
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| CBOE - CFE | OCC |
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CFE Introduces New CustOrderHandlingInst Field (FIX Tag 1031) to Pass Brokerage Information to Clearing Firms |
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| SGX - Singapore Exchange | SGX-DC |
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Titan DT & DC Portal |
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| TMX - Montreal Exchange | CDCC |
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| B3 - Brasil Bolsa Balcão | B3 CLEARING |
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| Euronext | EURONEXT |
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| LME- London Metal Exchange | LME |
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| Nasdaq - NASDAQ OMX | NASDAQ |
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| JSE Exchange - SAFEX | JSE |
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| ASX 24 | ASX Clear (Futures) |
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| HKFE - Hong Kong Futures Exchange | HKFE |
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| MEFF | BME Clearing |
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Implemented
Scheduled
In discussion
Not planned
