The allocations will be received via messaging and will not contain the stepout specific fields. If the Broker codes to the full stepout functionality, the Block CTM Stepouts Trades - Equity (BSOE) and Block CTM Stepouts Trade – Debt (BSOF) subscription options can be set to N so that the Broker will receive the stepout specific fields via messaging. If the Broker hasn’t coded to the full stepout functionality, the BSOE/BSOF subscription options should be set to Y. The CTM Stepout Implementation Guide here will provide more details of the subscription options.
Will a Broker receive allocations via messaging if block is matched?
- Category: US Trades on CTM - UI Stepouts for Brokers