[This message was posted by Sri Thayaparan of Millennium Information Technolog <[EMAIL PROTECTED]> to the "General Q/A" discussion forum at http://fixprotocol.org/discuss/22. You can reply to it on-line at http://fixprotocol.org/discuss/read/0121af12 - PLEASE DO NOT REPLY BY MAIL.]
Hi all, I would agree with Hanno, for simple order submission. IOC does not have any direct relationship with Min QTY. Min QTy indeed makes sense if you have "lot sizes" in your system, and you represent transactions as multiples of lot sizes. In such a case Min QTY would be the Lot size of the instrument of the order. But then thats general and not specific to IOC. Rgds, Thaya. > No, what are your thoughts why it should/could be? IOC just says that > you need to get an immediate execution or none at all, i.e. usage of > MinQty would add further restrictions on the possible execution but this > is optional. > > > For Time In Force = IOC, is MinQty required? [You can unsubscribe from this discussion group by sending a message to mailto:[EMAIL PROTECTED] --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/FIX-Protocol?hl=en -~----------~----~----~----~------~----~------~--~---
