[This message was posted by Wattanachai Rodkamnerd of <[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/0b7a2ba1 - PLEASE DO NOT REPLY BY MAIL.]
Repost Sorry, the post was untidy. ........................................................................................................ Let me explain my situation. My program is a FIX engine which also interfaces to exchage native API. Values in parentheses of ExecReport are (ExecType, OrdStatus). ............Client ...........................MY PROGRAM........................ Exchange .................................................(OrdStatus)........................................ 1. ..................New Order --->.............................................................. 2. ............................................(PendingNew)...................................... 3. ......................................................................New Order --->.......... 4. ..............Cancel Request --->........................................................... 5. ...........................................(PendingCancel).................................... 6. ...............<--- ExecReport............................Cancel Request --->....... ..........(PendingCancel,PendingCancel)................................................... 7. .............................................................<--- Order Confirmation....... 8. ......................................(PendingCancel + New)............................... 9. ...........<--- ExecReport..................................................................... ......................(New,xxx)...................................................................... 10. .....................................................<--- Cancelling Confirmation....... 11. ...........................................(Cancelled)......................................... 12. .........<--- ExecReport ................................................................... ...........(Cancelled,Cancelled)................................................................ In the row 9, what should be the value of xxx ? > > > > ExecType=New only applies to a response to an order entry. A cancel > > prior to an entry is not possible as the order does not yet exist. > > A cancel after order entry changes ExecType from New to Pending > > Cancel or Cancelled. Therefore I do not see what semantic > > ExecType=New and OrdStatus=PendingCancel is supposed to convey > > whether you "allow" it or not. > > > > Regards, Hanno. > > > > > Thank you, Hanno I understand what you described. > > > > > > I'm still wondering not about the case B.1.d but in general case. > > > I've never seen any ExecReport that has ExecType=New and > > > OrdStatus=PendingCancel in the FIX specification. Is a ExecReport > > > allowed to have ExecType=New and OrdStatus=PendingCancel? Or has > > > anyone seen it in the real usage? > > > > > > Regards, > > > > > > > > > > You need to look at the comment of line 4 which says "Order > > > > accepted before cancel request is processed.". The cancel request > > > > is therefore unknown at the time that this ER is being produced, > > > > even if it is shown to come after the ER in step 3 that has this > > > > knowledge. > > > > > > > > Regards, Hanno. > > > > > > > > > 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"? [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 -~----------~----~----~----~------~----~------~--~---
