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4.4 Changes
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Re: Message seq on changing OrdType on CancelReplace
Xavier Bruyet / Ullink
2 Apr 2012 11:09AM ET You should expect an execution report:
- ExecType = 5 or D (replace or restated, depending on if the change was solicited or not)
- OrdStatus = 0 or 1 (new or partially filled, depending on the limit order status when it has been changed)
Some exchange may send OrdStatus = 4 as a shortcut to acknowledge the order type change and cancel the order in the same message.
> Thanks for this, Jorg, but what should be the value in tag 39 OrdStatus?
>
> > > If I change the OrdType to Market from Limit then should I still expect a NEW followed by a CANCEL Execution Report? That's assuming that there is nothing to match on the other side of the book.
> >
> > If you send an OrderCancelReplaceRequest to change the OrdType,
> > you should expect an ExecutionReport(Replaced) to acknowlegde this
> > (or an OrderCancelReject(434/CxlRejResponseTo=2)).
> >
> > Or what type of message do you intend to send?
> >
> > Cheers, Jörg
Re: Message seq on changing OrdType on CancelReplace
Xavier Bruyet / Ullink 2 Apr 2012 11:09AM ET
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@FIXProtocol
