[This message was posted by Bernt Sanden of Cinnober Financial Technology <[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/c0892a64 - PLEASE DO NOT REPLY BY MAIL.]
> If an order is sent with a MinQty field that cannot be honored at order > entry/modification, which are the correct values for ExecType and > OrdStatus in FIX.4.4? > > I would say that, at least for order entry, both must be set to '4' > (Canceled), but I cannot confirm since I çouldn't find descriptions on > this behavior. > > What about order modification? Should the same behavior apply, or > ExecType must be set to 'Replaced'? Hi Andrei, I guess you are referring to a FOK or IOC here. In that case you would get ExecType=New, OrdStatus=NEW, and then ExecType=Cancel, OrdStatus=Cancel. If the order was not an IOC or FOK it could stay in the book. Say that the RoundLot is 100 and your order was sent in with OrderQty=1000 and MinQty=500 and that there was only 400 in the book. IN this case the order can stay in the book. Regards, Bernt [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.
