[This message was posted by Vladyslav Lazarenko of Jet SnaiL, LLC <[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/03889fd7 - PLEASE DO NOT REPLY BY MAIL.]
Hi Sachin, It just happens. This case can be handled in a number of ways. For example, you can take risk and trade again. From the other side, you may try to cancel those trades which created position you have liquidated. In other words, it depends on the business and you have to decide what to do yourself. In simple words, say, you sold 100 shares of AAPL you did not have to one of you client. Then you bought it from me. So you are flat. Later I said that I had incorrect prices and cancelled the trade between you and me. So you became short 100 AAPL again. What you will do? It's up to you. Most probably you will try to buy it from me or someone else again. That is how I see it :-) Regards, Vlad > Hi, > > We have come across a situation where after successful completion of > post trade allocation our FIX gateway received Trade bust for the > same order. > > I require help to understand how this case can be handled. > > Thanks in advance Sachin [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 -~----------~----~----~----~------~----~------~--~---
