[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/46a2ab6c - 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). By the way: Bovespa FIX doesn't support ExecTransType = Correct (tag 20=2), which could be used to modify an incorrectly reported fill. 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 -~----------~----~----~----~------~----~------~--~---
