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Re: If done orders
Hanno Klein / Deutsche Börse Systems <>
20 May 2009 1:54PM ET Have a look at NewOrderList and tag ContingencyType (1385) which should cover your requirement.
An ExtensionPack to FIX 5.0 SP2 (GTC approved) actually offers a similar option by means of the TriggeringInstruction. This block was enhanced with a field 1628=TriggerScope that allows you to reference another order (using field 1080=RefOrderID) or all orders fulfilling a filter criteria (e.g. all orders for the same security). TriggerType has received an additional enum 5="On order entry or modification entry" so that the trigger immediately hits when you enter or modify the order. For example, it can be used to ensure that you always only have a single order in the market for a given security.
Regards,
Hanno.
> Hi chaps,
>
> I'm trying to understand how to accommodate and specify "if done" order
> types. For example, how to specify orders to be placed contingent on the
> placement of another stop or limit order. The FIX 5 triggering
> instructions don't appear to be intended for this purpose. What's the
> conventional way to accomplish these "if done" or "one cancels the
> other" orders.
>
> thanks David Gibbs
Re: If done orders
Hanno Klein / Deutsche Börse Systems 20 May 2009 1:54PM ET
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