[This message was posted by sonitta peeler of Bank Of America <[email protected]> to the "4.4 Changes" discussion forum at http://fixprotocol.org/discuss/17. You can reply to it on-line at http://fixprotocol.org/discuss/read/d70b8559 - PLEASE DO NOT REPLY BY MAIL.]
Hi, 35=3 is a session level reject, this is not application level reject but engein level, for example if a FIX tag that is required for a spesific msg type is missing, the order will be rejected by the engine. 39=8 is application level reject, orders that are rejected by the trading application. 35=j is also application level reject, not session level. I hope this helps. > Instead I would think both should send 35=8 , as per my understand of > page 146, Business Message Reject, section. > > I believe 35=3 should be used between fix engines level > communication instead. > > > 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 [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 -~----------~----~----~----~------~----~------~--~---
