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Re: clOrdId vs OrdId
deepak nayak / home <>
21 Jul 2008 1:17AM 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
Thanks girish, but for the dataset I have, broker used the clOrdId sent by customer as ordId also in its execution report.
Re: clOrdId vs OrdId
deepak nayak / home 21 Jul 2008 1:17AM ET
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