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Derivatives Working Group - Tags & Flags Feedback
1.
How often does your organization experience trade breaks or settlement delays due to missing or incomplete trade attribute data (e.g., execution method, trade type, order-placing broker ID)?
Never / Rarely
Occasionally (monthly)
Frequently (weekly)
Constantly (daily)
2.
What is the primary impact of these issues? (Select up to 2)
Increased operational workload
Regulatory/reporting challenges
Reconciliation issues
Difficulty managing T+1 deadlines
Other (please specify)
3.
Which of the following proposed trade tagging enhancements would provide the greatest operational benefit to your organization? (Choose up to 3)
Broader support for FIA Tag 1031 (execution method identification)
Consistent Block/EFRP trade type reporting from executing brokers
Order-placing broker identification passed through to clearing
Parent order ID grouping for multi-leg strategy trades
Client trade ID pass-through (including average price trade linkage/reporting)
Unique CCP fill ID linked to original trade ID
4.
Which trade attributes are most commonly missing, unavailable, or inconsistent in the trade data your organization receives today (Select all that apply)
Execution method (Tag 1031)
Block/EFRP trade type flags
Order-placing broker ID
Multi-leg strategy parent order ID
Client trade ID
Average price (AVP) linkage/reporting detail
Unique CCP fill ID
5.
Would a central registry of executing/order-placing brokers (with standardized IDs) be valuable to your operations?
Yes, highly valuable
Somewhat valuable
Not necessary
Unsure / need more detail
6.
What would be the primary benefit?
Reduced onboarding effort
Fewer settlement exceptions
Improved reporting accuracy
Better broker transparency
Operational efficiency
Other (please specify)
7.
Any additional comments