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clOrdId vs OrdId
deepak nayak / home <>
20 Jul 2008 11:31PM ETHi all,
I have some doubt over clOrd and OrdId. I know that clOrdId is a unique id assigned by buy-side while the later is assigned by sell-side. But I want to know is there any relation between these two, because from the dataset we have, I found that:
1. First buy side send an order msg with a clOrdId, and then sell side replies with same clOrdId and same id is also used for ordId. Is this a rule, a convenient custom or just a coincidence?
2. Throughout a chain of orders, like order, canceling the same order, or replacing the same order, ordId remains the same, but clOrdId changes for order-cancel, replace. Gain is this a rule?
Thanks,
clOrdId vs OrdId
deepak nayak / home 20 Jul 2008 11:31PM ET
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