[This message was posted by John Prewett of Lava Trading 
<[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/ad84ee71 - PLEASE DO NOT REPLY BY MAIL.]

> In 4.2 should you be able to place a basic limit order that gets
> acknowledged, and then then modify that order with a 35=G to a market
> order or do you need to cancel the original and send in a new order
> as a market?

As a general rule, you should be able to do a Cancel/Replace to modify a limit 
order to a market order.
In the specific case, you should read the FIX interface of the venue where you 
are sending the order to see if that is supported.
In my experience, most (all?) of the venues I have connected to support this 
behavior.

JohnP

[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
-~----------~----~----~----~------~----~------~--~---

Reply via email to