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iLink 3 Binary Order Entry - Business Layer

iLink 3 Binary Order Entry - Business Layer

iLink 3 allows customers to optimize business message construction by pre-registering administrative information or by submitting administrative information per message (on-demand) as follows. 

  • Pre-registered administrative information

    • for most efficient business messaging (i.e., New Order Single, Mass Quote), customers pre-register administrative information in the new Service Gateway weekly.

Full iLink 3 certification is required for customers to add this pre-registered administrative information functionality into their systems.

  • On-demand administrative information

    • customers send the administrative information to MSGW with every business message.

iLink 3 business messages always include a reference to the pre-registered or on-demand administrative information.

Administrative information includes: 

  • Information required to accept and match the order on the central limit order book 

    • tag 2362-SelfMatchPreventionID 

    • tag 8000-SelfMatchPreventionInstruction 

  • Information required to clear the trade 

    • tag 1031-CustOrdHandlIngInst

    • tag 1731-AveragePriceGroupID 

    • tag 819-AveragePriceIndicator 

    • tag 1598-ClearingTradePrice

    • tag 9708-CmtaGiveUpCD 

    • tag 5149-Memo 

  • Information required for market regulation compliance 

    • tag 1693-PartyDetailRole=96 (take up firm)

    • tag 1693-PartyDetailRole=1000 (take up account)

    • tag 1693-PartyDetailRole=1 (executing firm)

    • tag 1693-PartyDetailRole=118 (operator) - identifies the person responsible for the party detail information

    • tag 1693-PartyDetailRole=24 (customer account)

    • tag 582-CustOrderCapacity

    • tag 1816-ClearingAccountType

All fields may not be applicable to all messages; for example, Customer Account does not apply to messages such as Request For Quote.

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