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TAIFEX Member ID Handling

Gateway Behavior

To support trading of products on the Taiwan Futures Exchange (TAIFEX), the Eurex Gateway queries TT User Setup on startup and obtains the TAIFEX Member and TAIFEX Beneficiary Account information.

For orders sent by a TAIFEX Member or Beneficiary Account, the gateway populates Tag 20013-PartyIDOrderOriginationFirm with the member ID and Tag 20032-PartyIDBeneficiary with the account ID and routes these to the exchange on all order actions. If incorrect or invalid TAIFEX credentials are configured in TT User Setup and obtained by the gateway, orders placed for TAIFEX products with the incorrect credentials will be rejected by the exchange.

For a description of the exchange’s link to TAIFEX, refer to: http://www.eurexchange.com/exchange-en/products/710646/

Client Impact

In TT User Setup, risk administrators must configure the following fields on the Edit User Gateway Login Attribute or New/Edit User Gateway Logins window:

  • Exchange 3 (TAIFEX Member)
  • Exchange 4 (TAIFEX Beneficiary Account)

In X_TRADER®, TAIFEX members can submit cross orders using the Wholesale Trade window. No additional fields need to be populated in this window. The Eurex Gateway sends the TAIFEX account numbers to the exchange for any cross order submitted by a TAIFEX member configured correctly in TT User Setup. Refer to the Eurex Wholesale Trading topic in the Help library for more details:

FIX Adapter Support

From FIX Adapter, the TAIFEX member and account information is sent in one field (FIX Tag 50) with both pieces of information concatenated together. The Eurex Gateway splits Tag 50 into member and account fields as follows: the first seven (7) characters are applied as the member (Tag 20013 in exchange API), and the remaining characters are applied as the account (Tag 20032 in the exchange API).

If Tag 50 is sent to the Eurex Gateway with the TAIFEX member and account credentials, the gateway will send these to the exchange. Otherwise, the gateway will use the user’s credentials obtained from the Exchange 3 and Exchange 4 fields in TT User Setup.