[This message was posted by Bivas Mishra of Wipro Technologies <[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/43318f20 - PLEASE DO NOT REPLY BY MAIL.]
Hi Vinay, Step 3 of the described Scenario below is invalid. Once OrderReplaceRequest is sent with modified quantity as 12, the OrigClOrdID (Tag 41)of amendment request will be checked against ClOrdID (11) of original Order before processing. Since a partial fill has taken place for the original order, the amendment will be accepted and executed for qty=10 (remaining quantity to be filled). Hence, total traded quantity (CumQty) would be 12 and not 14 after final execution. Regards, Bivas > In FIX, Tag no. 38 represents the Order Quantity which is "Total > Intended Order Quantity" (including the amount already executed for > this chain of orders). Lets consider the following case: > 1) An entity places an order with Order Quantity = 10. > 2) Order gets partially traded with Traded Quantity = 2. 3) Before the > receipt of Execution Report (Trade Confirmation) of step 2, an Entity > places an Order Replace Request with Order Quantity = 12. At this > moment the entity is not aware that the order is already partially > traded with quantity 2. > 3) The order gets fully traded. At this moment, total traded quantity > i.e. CumQty would be 14. > > Is this case valid in FIX? If Yes, then will it be OK, if the trades > for quantity 14 takes place instead of 12? > > Thanks in advance, Vinay M [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 -~----------~----~----~----~------~----~------~--~---
