[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/f370e74e - PLEASE DO NOT REPLY BY MAIL.]
Case 1b: if you cancel an order, OrderQty cannot change and remains 1000. Cancel/Replace can change OrderQty but not below the already executed quantity in order to maintain OrderQty=CumQty+LeavesQty. See also scenario B.1.b on page 59 in Volume 4 of the FIX 5.0 SP2 spec. The Cancel/Replace scenario is shown in C.3.c on page 68. > > Hi All, > > > > I want to how would the above scenario would function. 1a.I send a > > Order to buy 1000 stocks which gets Partially filled by quantity > > 500.Now i send a Cancel/Replace for the same for quantity less than > > the actual fill ( <500). Would this work? > > Filled message would be be sent with OrderQty="ExecutedQty" which is > more than the replaced quantity. > > 1b. What if i send Cancel otherwise, The > > partial filled order will get cancelled. > > Cancelled message would be be sent with OrderQty="ExecutedQty" which is > more than the replaced quantity. > > > > > 2a.I send a Order to buy 1000 stocks which gets Fully filled.Now i > > send a Cancel/Replace for quantity 1500. Would this Cancel/replace > > work ? Will this order be submitted as a different submission to > > trader? and the marked as Fully Filled. > > Depends on the implementation. You may encounter a rejection for a > replaced order. > > > It would also be great if someone could explain me these situation > > before Order has Ack'ed and After Order gets Ack'ed > > > > Regards 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 -~----------~----~----~----~------~----~------~--~---
