[This message was posted by Greg Wood of Credit Suisse <[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/5c8398ef - PLEASE DO NOT REPLY BY MAIL.]
Vicente - by "cared" order do you mean an order that is routed to a broker for manual execution rather than sent direct to the exchange for electronic execution ? If so then this is typically implemented by HandlingInstruction (21) = 3 (Manual). The sell side routes orders with 21=3 to their order management system and the broker receives the order via some form of notification such as a pop-up on their screen. They then work the order based on the parameters supplied and send the fills back electronically to the client using the original order submitted via FIX. Often care orders are verbally confirmed with the client on receipt but it is possible to provide granular instructions using ExecInst (18). Regards, - Greg > The term "cared" is not self-explanatory, please describe the business > background and workflows. > > > Hello > > > > Which is the best method to implement the concept of "cared" orders > > using FIX?. Regards [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 -~----------~----~----~----~------~----~------~--~---
