ExecType in Bust Execution
Elton Melo / Santander - Altec Brasil
6 May 2009 11:21AM ET
Dears, I would like your help about tag 150 (ExecType) when busting an execution. Let's say:
# 1
- Client sends a new order for 5000
- Exchange executes 5000 (fill)
- Exchange busts 5000, they won't be opened again (i.e. order is cancelled, LeavesQty=0)
* Question: how should be tag 150 (ExecType) in this "bust execution"?
............................................
# 2
- Client sends a new order for 6000
- Exchange executes 2000 (partial fill)
- Exchange busts 2000, they won't be opened again (i.e. LeavesQty will be 4000, not 6000)
* Question: how should be tag 150 (ExecType) in this "bust execution"?
............................................
# 3
- Client sends a new order for 7000
- Exchange executes 3000 (partial fill)
- Exchange cancels the balance of 4000
- Exchange busts 3000, they won't be opened again (i.e. LeavesQty will be 0, not 3000)
* Question: how should be tag 150 (ExecType) in this "bust execution"?
............................................
# 4
- Client sends a new order for 8000
- Exchange executes 2000 (partial fill)
- Exchange executes 6000 (fill)
- Exchange busts 2000, they won't be opened again (i.e., LeavesQty will be 0, not 2000)
* Question: how should be tag 150 (ExecType) in this "bust execution"?
- Exchange busts 6000, they won't be opened again (i.e., LeavesQty will be 0, not 6000)
* Question: how should be tag 150 (ExecType) in this "bust execution"?
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