FIX3.01.08 · Released 13 December 2018

High Importance

Breaking Change

FIXfinPOWER Connect

Released in

3.01.08

13 December 2018

1. Opened17 Sep
2. Closed1 Nov
3. Released13 Dec

Article 15652 Job J021366

Commission Rules; where basis is "Difference" and "Always Pay?" is checked, commissions may be unexpectedly paid

Where a Commission Rule is setup on an External Party with a basis of "Difference" and "Always Pay?" is checked, commissions may be unexpectedly paid

Where the value of a transaction is the same as the commission value being compared to, it is treated as not being paid. Hence the commission is unexpectedly paid/ deducted.

For example, if the Commission Rule is defined as Difference $30 and Always Pay:

• A transaction of $50 will give a Commission of $50-$30 = $20.
• A transaction of $20 will give a Commission of $20-$30 = -$10.
• No transaction will give a Commission of $0-$30 = -$30.

However:

• A transaction of $30 will give a Commission of $30-$30 = $0, but this was being treated as not paid, so the Commission was -$30.

The change now means the example above will treat it as being paid, i.e.

• A transaction of $30 will give a Commission of $30-$30 = $0.