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Re: Order Qty/Fill Question
Hanno Klein / Deutsche Börse Systems <>
10 Jun 2009 3:41AM ET Case 1b: if you cancel an order, OrderQty cannot change and remains 1000. Cancel/Replace can change OrderQty but not below the already executed quantity in order to maintain OrderQty=CumQty+LeavesQty.
See also scenario B.1.b on page 59 in Volume 4 of the FIX 5.0 SP2 spec. The Cancel/Replace scenario is shown in C.3.c on page 68.
> > Hi All,
> >
> > I want to how would the above scenario would function. 1a.I send a
> > Order to buy 1000 stocks which gets Partially filled by quantity
> > 500.Now i send a Cancel/Replace for the same for quantity less than
> > the actual fill ( <500). Would this work?
>
> Filled message would be be sent with OrderQty="ExecutedQty" which is
> more than the replaced quantity.
>
> 1b. What if i send Cancel otherwise, The
> > partial filled order will get cancelled.
>
> Cancelled message would be be sent with OrderQty="ExecutedQty" which is
> more than the replaced quantity.
>
> >
> > 2a.I send a Order to buy 1000 stocks which gets Fully filled.Now i
> > send a Cancel/Replace for quantity 1500. Would this Cancel/replace
> > work ? Will this order be submitted as a different submission to
> > trader? and the marked as Fully Filled.
>
> Depends on the implementation. You may encounter a rejection for a
> replaced order.
>
> > It would also be great if someone could explain me these situation
> > before Order has Ack'ed and After Order gets Ack'ed
> >
> > Regards Sridhar
Re: Order Qty/Fill Question
Hanno Klein / Deutsche Börse Systems 10 Jun 2009 3:41AM ET
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