[This message was posted by Hanno Klein of Deutsche Börse Systems <[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/358e61e9 - PLEASE DO NOT REPLY BY MAIL.]
No, a cross involves a simultaneous trade between two orders. You enter both orders in a single message (NewOrderCross). Often there are a number of regulatory rules around such orders in order to prevent market abuse, e.g. having to expose them to the entire market for a number of seconds to allow price improvement. > Hi , > > Could someone please let me know what is Cross Order. Does it by any > means specify a Cross Currency Trade, Wherein Client in US buys a Stock > in LSE and Settles the same in USD with certain Exchange Rate? > > Thanks Sridhar [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 -~----------~----~----~----~------~----~------~--~---
