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That depends on which side of the trade you are on:

  • Investment managers can only subscribe to a single workflow for a given BIC.
  • Broker/dealers can subscribe to CTM Allocation Confirmation Workflow (ACWF) and the block-level workflow subscription option, CTM Block Allocation Confirmation Workflow (BACW). This means that they are able to submit and match trades for both workflows using the same BIC.

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