The <Parties> component block (see "Volume 1: Common Components of Application Messages") is a flexible structure that allows new party "roles" or types, party identification and identification schemes to be added without a corresponding increase in the number of FIX fields with the use of PartyRole, PartyID and PartyIDSource fields. Optionally, further information on a party identified in PartyID can be specified in the repeating group of PartySubID and PartySubIDType fields. The PartySubIDType field can be used to identify the type of PartySubID value (i.e. "Firm", "Phone number", "Contact name", "Full legal name of firm", etc.).

The matrix below identifies the various PartyRole values and the anticipated PartyIDSource values which may be associated with each PartyRole. It is important to note that other combinations may exist. In addition, see "Volume 7 – Products" for any documented product-specific anticipated PartyRole mapping and guidance.

PartyRole value Common Identification and Considerations Reference
1 Executing Firm See "Common PartyRole Identification for Firms"
2 Broker of Credit See "Common PartyRole Identification for Brokers"
3 Client ID See "Common PartyRole Identification for Firms"
4 Clearing Firm See "Common PartyRole Identification for Firms"
5 Investor ID See "Common PartyRole Identification for Investor ID"
6 Introducing Firm See "Common PartyRole Identification for Firms"
7 Entering Firm See "Common PartyRole Identification for Firms"
8 Locate/Lending Firm (for short-sales) See "Common PartyRole Identification for Firms"
9 Fund manager Client ID (for CIV) See "Common PartyRole Identification for Firms"
10 Settlement Location See "Common PartyRole Identification for (Settlement) Locations"
11 Order Origination Trader (associated with Order Origination Firm - e.g. trader who initiates/submits the order) See "Common PartyRole Identification for Traders"
12 Executing Trader (associated with Executing Firm - actually executes) See "Common PartyRole Identification for Traders"
13 Order Origination Firm (e.g. buyside firm) See "Common PartyRole Identification for Firms"
14 Giveup Clearing Firm (firm to which trade is given up) See "Common PartyRole Identification for Firms"
15 Correspondent Clearing Firm See "Common PartyRole Identification for Firms"
16 Executing System See "Common PartyRole Identification for Execution Systems"
17 Contra Firm See "Common PartyRole Identification for Firms"
18 Contra Clearing Firm See "Common PartyRole Identification for Firms"
19 Sponsoring Firm See "Common PartyRole Identification for Firms"
20 Underlying Contra Firm See "Common PartyRole Identification for Firms"
21 Clearing Organization See "Common PartyRole Identification for Firms"
22 Exchange See "Common PartyRole Identification for Execution Systems"
24 Customer Account See "Common PartyRole Identification for Accounts"
25 Correspondent Clearing Organization See "Common PartyRole Identification for Firms"
26 Correspondent Broker See "Common PartyRole Identification for Firms"
27 Buyer/Seller (Receiver/Deliverer)

See "Common PartyRole Identification for Buyer/Seller, Custodian, Intermediary, Agent or Beneficiary"

Value intended to be used in SettlParties component block (note these values correspond to ISO15022 settlement party categories)

28 Custodian

See "Common PartyRole Identification for Buyer/Seller, Custodian, Intermediary, Agent or Beneficiary"

Value intended to be used in SettlParties component block (note these values correspond to ISO15022 settlement party categories)

29 Intermediary See "Common PartyRole Identification for Buyer/Seller, Custodian, Intermediary, Agent or Beneficiary"

Value intended to be used in SettlParties component block (note these values correspond to ISO15022 settlement party categories)

Note it is possible to have multiple parties with this role in a SettlParties component block (intermediary 1, intermediary 2 etc.) in which case the PartySubID is used to distinguish between them

30 Agent See "Common PartyRole Identification for Buyer/Seller, Custodian, Intermediary, Agent or Beneficiary"

Value intended to be used in SettlParties component block (note these values correspond to ISO15022 settlement party categories)

31 Sub custodian See "Common PartyRole Identification for Buyer/Seller, Custodian, Intermediary, Agent or Beneficiary"

Value intended to be used in SettlParties component block (note these values correspond to ISO15022 settlement party categories)

32 Beneficiary See "Common PartyRole Identification for Buyer/Seller, Custodian, Intermediary, Agent or Beneficiary"

Value intended to be used in SettlParties component block (note these values correspond to ISO15022 settlement party categories)

33 Interested party See "Common PartyRole Identification for Firms"
34 Regulatory body See "Common PartyRole Identification for Firms"
35 Liquidity provider See "Common PartyRole Identification for Firms"
36 Entering trader See "Common PartyRole Identification for Traders"
37 Contra trader See "Common PartyRole Identification for Traders"
38 Position account See "Common PartyRole Identification for Accounts"
39 Contra Investor ID See "Common PartyRole Identification for Investor ID"
40 Transfer to Firm
41 Contra Position Account See "Common PartyRole Identification for Accounts"
42 Contra Exchange See "Common PartyRole Identification for Execution Systems"
43 Internal Carry Account See "Common PartyRole Identification for Accounts"
44 Order Entry Operator ID See "Common PartyRole Identification for Traders"
45 Secondary account number See "Common PartyRole Identification for Accounts"
46 Foreign firm See "Common PartyRole Identification for Firms"
47 Third party allocation firm See "Common PartyRole Identification for Firms"
48 Claiming account See "Common PartyRole Identification for Accounts"
49 Asset Manager See "Common PartyRole Identification for Firms"
50 Pledgor account See "Common PartyRole Identification for Accounts"
51 Pledgee account See "Common PartyRole Identification for Accounts"
52 Large trader reportable account See "Common PartyRole Identification for Accounts"
53 Trader mnemonic See "Common PartyRole Identification for Traders"
54 Sender location See "Common PartyRole Identification for (Settlement) Locations"
55 Session ID
56 Acceptable counterparty See "Common PartyRole Identification for Firms"
57 Unacceptable counterparty See "Common PartyRole Identification for Firms"
58 Entering Unit See "Common PartyRole Identification for Firms"
59 Executing unit See "Common PartyRole Identification for Firms"
60 Introducing broker See "Common PartyRole Identification for Brokers"
61 Quote originator See "Common PartyRole Identification for Firms"
62 Report originator See "Common PartyRole Identification for Firms"
63 Systematic internaliser (SI) See "Common PartyRole Identification for Execution Systems"
64 Multilateral Trading Facility (MTF) See "Common PartyRole Identification for Execution Systems"
65 Regulated Market (RM) See "Common PartyRole Identification for Execution Systems"
66 Market maker See "Common PartyRole Identification for Firms"
67 Investment firm See "Common PartyRole Identification for Firms"
68 Host Competent Authority (Host CA) See "Common PartyRole Identification for Firms"
69 Home Competent Authority (Home CA) See "Common PartyRole Identification for Firms"
70 Competent Authority of the most relevant market in terms of liquidity (CAL) See "Common PartyRole Identification for Firms"
71 Competent Authority of the Transaction (Execution) Venue (CATV) See "Common PartyRole Identification for Firms"
72 Reporting intermediary See "Common PartyRole Identification for Firms"
73 Execution Venue See "Common PartyRole Identification for Execution Systems"
74 Market data entry originator See "Common PartyRole Identification for Firms"
75 Location ID See "Common PartyRole Identification for (Settlement) Locations"
76 Desk ID See "Common PartyRole Identification for Firms"
77 Market data market See "Common PartyRole Identification for Execution Systems"
78 Allocation Entity See "Common PartyRole Identification for Firms"
79 Prime broker providing general trade services See "Common PartyRole Identification for Brokers"
80 Step-out firm (prime broker) See "Common PartyRole Identification for Brokers"
81 Broker clearing ID See "Common PartyRole Identification for Brokers"
82 Central Registration Depository (CRD) See "Common PartyRole Identification for (Settlement) Locations"
83 Clearing account See "Common PartyRole Identification for Accounts"
84 Acceptable Settling Counterparty See "Common PartyRole Identification for Firms"
85 Unacceptable Settling Counterparty See "Common PartyRole Identification for Firms"

Common PartyRole Identification for Firms:

PartyIDSource <447> PartyID <448> PartySubID <523>
B BIC (Bank Identification Code) «BIC Value» (optional)
C Generally accepted market participant identifier (various) (optional)
D Proprietary/Custom code (various) (optional)

Common PartyRole Identification for Brokers:

PartyIDSource <447> PartyID <448> PartySubID <523>
B BIC (Bank Identification Code) «BIC Value» (optional)
I ISITC code for identifying directed brokers as per ETC Best Practices document (for use with PartyRole = Broker of Credit only) «ISITC-defined 3 character code» (optional)
D Proprietary/Custom code (various) (optional)

Common PartyRole Identification for Traders:

PartyIDSource <447> PartyID <448> PartySubID <523>
C Generally accepted market participant identifier (various) (optional)
D Proprietary/Custom code (various) (optional)

Common PartyRole Identification for Investor ID:

See Volume 4: "Example Usage of PartyRole="Investor ID""

Common PartyRole Identification for Execution Systems:

PartyIDSource <447> PartyID <448> PartySubID <523>
C Generally accepted market participant identifier (various) (optional)
D Proprietary/Custom code (various) (optional)
G MIC (SIO 10383 Market Identifier Code) (various) (optional)

Common PartyRole Identification for (Settlement) Locations:

PartyIDSource <447> PartyID <448> PartySubID <523>
B BIC (Bank Identification Code) «BIC Value» (optional)
C Generally accepted market participant identifier CED = CEDEL
DTC = Depository Trust Company
EUR = Euroclear
FED = Federal Book Entry
HIC = Held In Custody
ICSD = International Central Securities Depository
NCSD = National Central Securities Depository
PNY = Physical
PTC = Participant Trust Company
(optional)
E ISO Country Code
[for Local Market Settlement]
« ISO Country Code Value » (optional)

Common PartyRole Identification for Buyer/Seller, Custodian, Intermediary, Agent or Beneficiary:

PartyIDSource <447> PartyID <448> PartySubID <523>
B BIC (Bank Identification Code) «BIC Value» (optional)
H CSD participant/member code (e.g. Euroclear, DTC, CREST or Kassenverein number) «CSD participant or member code» (optional)

Common PartyRole Identification for Accounts:

PartyIDSource <447> PartyID <448> PartySubID <523>
D Proprietary/Custom code (various) (optional)
H CSD participant/member code (e.g. Euroclear, DTC, CREST or Kassenverein number) «CSD participant or member code» (optional)