[This message was posted by Sridhar Satyanarayan of Deutsche Bank, India <[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/60427783 - PLEASE DO NOT REPLY BY MAIL.]
Hi All, I have a Question on CrossType this time around.. I need a bit understanding on how the CrossType with Values 3 and 4 get executed. 549=3 states "Cross trade which is partially executed with the unfilled portions remaining active. One side of the cross is fully executed but the unfilled portion remains active. " Qn: Is the unfilled portion executed at Market Price or we wait for another (Cross) Client? 549=4 States" A.Cross trade is executed with existing orders with the same price B.In the case other orders exist with the same price, the quantity of the Cross is executed against the existing orders and quotes C.the remainder of the cross is executed against the other side of the cross.The two sides potentially have different quantities. Qn. I want to know what does 'C' implies. 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 -~----------~----~----~----~------~----~------~--~---
