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Stoploss Order Trigger
Ranjit M / Elind Computers
11 Sep 2001 6:55AM ET

Hi,
There is a requirement in our trading system whereby the triggering of a Stoploss Order needs to be immediately reported to the initiator of the order.

We did a workaround, but would like some feedback on the same. In the Execution Report we used:
ExecType=D (Restated) and
ExecRestatementReason=6 (Custom;"Stoploss Trigered")
along with all the order properties set.

An earlier posting in this group, it was mentioned that there is no such message supported in FIX as U.S markets do not report the triggering of Stoploss orders. But, that cannot be a good enough reason for not catering for this scenario...is it?

Thanks in advance,
Ranjit

Stoploss Order Trigger
Ranjit M / Elind Computers   11 Sep 2001 6:55AM ET

re: Stoploss Order Trigger
Tayloe Draughon / Capital Markets Consulting L.L.C.   11 Sep 2001 10:30AM ET

re: Stoploss Order Trigger
Ryan Pierce / Townsend Analytics Ltd. / Archipelago LLC   12 Sep 2001 11:33AM ET

re: Stoploss Order Trigger
Tayloe Draughon / Capital Markets Consulting L.L.C.   12 Sep 2001 12:49PM ET

re: Stoploss Order Trigger
Jim Northey / Chicago Board Options Exchange   12 Sep 2001 1:15PM ET