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FAQs on transaction reporting – Question II.2.2.1

We understand that an order will not be required for Click & Trade as per Annex II of the Trum, but is there a way of indicating that the Trade is a Click and Trade so that it won’t get rejected for not having a valid Order associated with it?

Suggested solution:  We think the answer to this is already in the .XML sample.  There’s an optional tag called ‘clickAndTradeDetails’ which we would use to indicate the Trade type.


Answer:

It is our understanding that a Click & Trade is a Limit order which aggresses the initiator order. When reporting click an trade transactions the reporting parties have two options:

1) to create a Limit Order and report it as an order; or

2) to report a transaction with the ‘clickAndTradeDetails’ filled in (i.e. “LIM” for Limit Order in the order type).

Please see examples in Annex II to the TRUM and XML examples related to them available on the REMIT portal at https://www.acer-remit.eu/portal/data-submission

Last update: 08/09/2015   RSS_Icon Subscribe to this Page’s RSS