The drop copy configuration type allows FIX clients to use all functionality offered by the TT FIX Adapter except for routing orders. Consequently, FIX clients can connect to a drop copy TT FIX Adapter to listen for order acknowledgments and fills.
Getting Started
To begin creating an order routing client application using TT FIX, you will need to:
- Download the TT FIX 4.2 and 4.4 schemas. This schema summarizes the supported FIX messages and tags.
- Create a FIX Drop Copy Session in Setup. The FIX session is used by the client application to connect to the TT FIX Drop Copy service.
- Configure client connectivity. Create and configure client connection to TT FIX Order Routing services via the Internet or Stunnel.
FIX Compliance Feed
TT FIX Drop Copy includes a “Compliance Feed” option that enables customers to receive a full Order Audit Trail in FIX format for all FIX, screen and algo order flow occurring in the TT system.
When enabled, the Drop Copy server will synthesize in real-time the appropriate new order, cancel/replace, cancel and pending messages, including timestamps for each message accurate to the MIFID II RTS 25 standard, for all executions received on the customer’s Drop Copy feed.
- For synthetic New Order Single (D), Order Cancel-Replace (G), New Order Multileg (AB), Multileg Order Cancel-Replace (AC) and Order Cancel Request (F) messages, TransactionTime (FIX Tag 60) represents the time that the message was sent to the TT Order Connector from a TT trading application. This includes TT Web, TT Desktop, TT FIX, Algo Server, etc.
- For synthetic pending Execution Report (8) messages, ExecType (FIX Tag 150 = A, E or 6), TransactionTime (FIX Tag 60) represents the time that the request message was sent from the TT Order Connector to the execution venue.