[This message was posted by Harish Kamaley 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/5e515118 - PLEASE DO NOT REPLY BY MAIL.]
The OrderType(40) should not be changed from StopLimit to Limit in execution reports but the system has the capability to handle the StopLimit order as a Limit order. (It can be changed for order matching, but it will remain same while sending the execution reports for these orders) If ordertype is changed in execution reports then buy side will send DK message saying initial attributes(40=4 StopLimit) of the order does not matches with 35=D message. Please correct me if iam wrong. Thanks Harish > OrdType should change to a limit (or market) order to show that it now > no longer behaves like a stop but is simply an active order. If you need > to maintain the information on the order (in the ExecutionReport) that > it was once a stop order then I would use user-defined field 6489 > TriggerIndicator. It is a good candidate for a standard field but nobody > has submitted a formal proposal for it yet (we might...). > > > Hi, > > > > Following the triggering of a Stop Limit Order if the order behaves as > > a limit order should the Order Type(40) of the order be changed to > > Limit, or should it remain as a Stop Limit Order. > > > > The Order State Change Martices in FIX 5.0 refers to such a > > scenario in > > E.1.f but does not mention a change in the Order Type. > > > > Is there a standard model for supporting Order Type Amendments in FIX > > for such orders. [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.
