|
General Q/A
< Previous Next >
re: DONE FOR DAY
Grace Lin / Goldman Sachs (Asia) L.L.C.
9 Oct 2002 12:15AM ET i wouldn't say sending DFD violates the business norm. DFD is useful to let the buyside know that there will be no further changes to the Executions for the Order. e.g potential changes for executed prices or quantities.
> Dear all,
>
> Either from the FIX point of view or from the business point of view. Is it normal to send a DONE FOR DAY on a "FILLED" order? Is this a business norm? Or it's violating the Norm?
>
> Since if the order is completed (with LeavesQty=0), there's no more can be done, even during market open. So it's not appropriate to send DONE FOR DAY.
> After marekt close, any outstanding order (With Leaves QTY <> 0), it makes more sense to send DONE FOR DAY in this case.
>
> Can any one give me smoe thought from the Business point of view?
>
> Thanks in advance,
>
re: DONE FOR DAY
Grace Lin / Goldman Sachs (Asia) L.L.C. 9 Oct 2002 12:15AM ET
|
