[This message was posted by Elton Melo of Santander / Altec Brasil <[email protected]> to the "4.2 Changes" discussion forum at http://fixprotocol.org/discuss/5. You can reply to it on-line at http://fixprotocol.org/discuss/read/b30061dc - PLEASE DO NOT REPLY BY MAIL.]
Hello, I was reviewing the FIX specs for Bovespa (São Paulo Exchange), and also some posts about busted executions. In Bovespa specs, there is an interesting point regarding "TradeCancel" (busted executions). Their document states: << Note: Since there is no appropriate tag for trade cancellation – TradeCancel – the Text field (tag 58) will be used instead observing the "TCQ=XXXXXXX" standard format, where XXXXXXX is the cancelled trade quantity. >> ... So, I would like to know: (1) How do other Exchanges inform the number of busted shares? Do they use LastShares (tag 32)? (2) Let's say that: - a broker sends a NewOrder for 10,000 shares; - the Exchange anwsers with an Ack and a PartialFill for 1,000 shares; - the Exchange sends a *partial bust" for 500 shares. I suppose the current ExecutionReport tags cannot inform this situation. Anyway, this kind of "partial bust" is not usual; probably the Exchange will bust the whole execution (referred in ExecRefID). Thanks! [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 -~----------~----~----~----~------~----~------~--~---
