REMINDER Give-Up API (Application Program Interface)

TO:	ALL CLEARING MEMBERS
FROM:	BUSINESS SYSTEMS GROUP
DATE:	October 9, 2000
SUBJECT:	Give-Up API (Application Program Interface)

As a reminder, firms have the ability to automate Give-up processing via MQM using the TREX record format. The following is an overview of the Give-up API design:

1. The TREX record format and MQM communication protocol are used by firms to send messages to the Clearing Corporation to allocate, claim, reject, release and change or delete allocations and claims. The Clearing Corporation sends a confirmation back to the firms for each of these actions.

2. The Clearing Corporation sends an allocation or claim record for processing by the firm’s bookkeeping system for each of the above actions performed online.

3. The Clearing Corporation sends a record/message to the allocating firm for the marking of a trade for give-ups or for changing the quantity on a give-up summary record.

4. The Clearing Corporation sends alerts to the allocating firm for claims and rejects by the claiming firm.

5. The Clearing Corporation sends alerts to the claiming firm for allocations, releases, deletes, and changes by the allocating firm.

6. The Clearing Corporation sends error messages in cases of invalid firm/origin, invalid TREX format, summary record not found, and trying to accept and sub-allocate more than is allocated.

Messages generated via the API are transmitted to firms’ MQM queues every 2 minutes. The TREX format updated for the Give-up API along with sample messages were detailed in Volume 19 – Bulletin #212. To participate in the Give-up API, please complete the attached form and e-mail or fax your response to Business Systems.

Should you have any questions, please call or e-mail one of the following Business Systems Analysts:

Please sign our firm up to participate in the Give-up API. I understand this process will send messages to the listed MQM queue every two minutes.

Firm #:	_______________________________
Firm Name:	_______________________________
MQM Queue Inbound:	_______________________________
MQM Queue Outbound:	_______________________________
Effective Date:	_______________________________

Contact Name:	_______________________________
Signature:	_______________________________
Date:	_______________________________