|
India Forum
< Previous Next >
Re: clOrdId vs OrdId
girish kumar / HCL Technologies Ltd. <>
21 Jul 2008 12:54AM ET> Hi 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,
Hi,
The client order ID ie Tag 11 is completly different than that of the order ID Tag 37 which is given by broker.
The broker uses different order ID when he sends back the execution on the order. It will not be same as the orginal client order ID.
Regards,
Girish
Re: clOrdId vs OrdId
girish kumar / HCL Technologies Ltd. 21 Jul 2008 12:54AM ET
|
