[This message was posted by Bodipudi Jayaram of Chelmer Ltd
<[email protected]> to the "4.4 Changes" discussion forum at
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Hi,
Could someone please clarify, when do we use (35=3)/(35=8)/(35=j) to reject
an order.Please see examples below.
1.Place an order(35=D) with orderType 40=200,which is not a valid value as per
FIX standards, So in this case I would expect 35=3 ,with 373 = 5(Value is
incorrect for this tag).I beleive this is correct in rejecting at session level.
2.Place an order(35=D) with OrderType 40=4(Stop Limit), which is a valid value
as per FIX standard, but what if FIX client does not support this,do we expect
35=3(with 373=5) or 35=8(with 39=8,150=8, 103=0,58=Order Type not recognized)
or 35=j(with 380=0,58=OrderType not recognized).In this case, I wouldn't
expect 35=3 since it passes session level, but fails at application level.So
once at application level, which one would you prefer to use (35=j) or (35=8).
FIX protocol says use 35=j when no other message can be used to report reject
at application level.
Any help on this would be appreciated.
Thanks,
Jayaram
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