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General Q/A
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Re: OrderId (tag 37)
John Prewett / Lava Trading
12 May 2009 1:34PM ET > All,
>
> I wanted to get some clarification about this. Per the FIX standard, if
> a NEW order is submitted by a buy-side party yet rejected by the broker,
> before being placed at the exchange, should the REJECTED execution
> report contain an OrderId (tag 37)?
>
> My current broker does generate and send us an OrderId, however I am
> interested in knowing what the FIX standard is in this case.
>
>
> thanks! azmat
OrderID is a mandatory field in an ExecutionReport. It should therefore always be populated. This has nothing to do with what state the order was in when it was rejected.
This is a simple issue of adherence (or lack thereof) to the protocol standard.
You can easily discover this by using FIXimate which is available on the FIX Protocol website:
http://www.fixprotocol.org/FIXimate3.0/
Thanks
JohnP
Re: OrderId (tag 37)
John Prewett / Lava Trading 12 May 2009 1:34PM ET
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