Discussion Forums

ClOrdLinkID usage
John Prewett / Lava Trading
20 May 2003 10:13AM ET

Can someone who understands the field ClOrdLinkID please respond with a detailed description as to its indended usage.

Is it merely yet another field that the sell-side must echo back on execution reports or is the sell-side permitted to take some grouping action with respect to orders that contain the same ClOrdLinkID?

A sell-side colleague is asking about receiving 5 orders with the same ClOrdLinkID and sending back 1 fill for all 5 orders. It wasn't clear to me that this field was in any way intended for that purpose.

Thanks for your assistance.


ClOrdLinkID usage
John Prewett / Lava Trading   20 May 2003 10:13AM ET
re: ClOrdLinkID usage
ron newell / chicago mercantile exchange   20 May 2003 12:30PM ET