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4.0 Session
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Re: Can this be a partial fill?
Tushar Deshpande / Citigroup <>
13 Mar 2008 9:38PM ETOrdStatus (Tag 39) is the key tag to identify the order state in FIX 4.0. This case can be treated as a partial fill. Higher FIX versions that support OrdStatus and ExecType could offer other possibilities. Still, indicating a fill on a pending response is not recommended.
Thx,
Tushar
> Hi,
>
> Ideally pending replace message (39=6) cannot be a partial fill. it's
> just an indication to the other side party that we have received your
> request and it's pending for the acceptance. But I have seen some buy
> side OMS expect proper values in tag 32 and 31 in 39=6 message and some
> OMS want to be all zeros.
>
> Thanks, Sunil
>
> > Hello,
> >
> > I have a question related to FIX 4.0 and want to know what FIX Gurus
> > think about it.
> >
> > Customer sends an order with for example 11=1 and then replaces that
> > with a 11=2. After this cancel replace pending is sent with 39=6 and
> > then a message with 39=6 is received again which also includes tag31
> > (LastPx) and tag32(LastQty) and at the same time a replaced message is
> > received with 39=5.
> >
> > The message in question here is the message which was received with
> > 39=6, 31 & 32 and the clientOrderId=1, which is for the original
> > order. Can this be considered as a valid partial fill as per fix4.0?
> >
> > Thanks, Rao Raheel
Re: Can this be a partial fill?
Tushar Deshpande / Citigroup 13 Mar 2008 9:38PM ET
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