[This message was posted by Wattanachai Rodkamnerd of <[email protected]>
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Hi,
I have a question about OrdStatus in FIX4.4 Vol. 4, in the section "Order State
Change Matrices".
B.1.d – Cancel request issued for an order that has not yet been acknowledged
Buy Side Sell Side ExecType
OrdStatus
1. New Order (X) --->
2. Cancel Request (Y,X) --->
3. Execution Report (Y,X) <--- PendingCancel
PendingCancel
4. Execution Report (X) <--- New
New
5. Execution Report (Y,X) <--- Canceled
Canceled
Why is the OrdStatus in the row 4. not "Pending Cancel" which has higher
precedence than "New"?
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