[This message was posted by Pravin Pillai of <[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/0c9bd70d - PLEASE DO NOT REPLY BY MAIL.]
thanks a lot Hanno. How do I specify in the order type that this is an auction order. > Suggest to use NewOrderSingle for entry of the auction order. Use > MarketDataSnapshotFullRefresh to send information about the order to the > bidders (just the fields needed to bid, e.g. OrderID or MDEntryID). > Bidders then use NewOrderSingle with field RefOrderID (1080) and > RefOrderIDSource (1081) to specify the auction order they are bidding on > (ID value comes from the market data message). > > Initiators and bidders (respondents) have their own ClOrdID values > for chaining. > > A field AuctionType does not exist (yet) but this is something I would > like to extend FIX with. For now, you could use the UDF 9383 even if its > description does not fit 100%. It is a matter of bilateral agreement to > extend its usage beyond the stated values 1 and 2. Auctions can be very > specific and it might be best not to pre-define auction type values at > all and just leave them to bilateral agreement. > > Regards, Hanno. > > > Hi Hanno: The flow is: Auction initiator places auction order of type > > English/Yankee/Dutch (forward or reverse) and specifies the bidding > > period. Users then place bids against this order. what would be the > > best way of implementing this. -Pravin [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.
