Drop Copy (FIX)
Drop Copy is a powerful risk management tool that provides market participants with near real-time copies of trade reports and messages related to orders.
Drop Copy is a report that summarises the client’s execution activity on DMALINK and is generated in as close to real-time as possible. Drop Copy feeds are different from cleared trade feeds in that they
may contain additional information to aid a participant’s risk management, such as order state changes, modifications, rejections and cancellations, and
are generated at the point of execution, rather than when the trade has been cleared.
While Drop Copy is a powerful risk management tool, its value can be enhanced by additional functionality and standardisation in conjunction with Reuters Trade messaging to receive a drop copy of all trades conducted on the DMALINK marketplace.