[This message was posted by gary gary of gary <[email protected]> to the "Foreign Exchange" discussion forum at http://fixprotocol.org/discuss/1. You can reply to it on-line at http://fixprotocol.org/discuss/read/0cf9f680 - PLEASE DO NOT REPLY BY MAIL.]
May I seek for the advice on how should the Order executed rate be marked in the Execution Report (msgType=8)? There are multiple tags in the Execution Report: tag 44 (Price), tag 31 (LastPx) and tag 6 (AvgPx). If the order is filled with the client order rate, I believe all these 3 field can be marked with the client order rate for FX. However, what if the client order is executed with a better rate? For example, client buy on USD/JPY with order rate=87.1 in the New Order- Single (msgType=D); But the market maker execute this order with a better rate(e.g. rate = 86.8); In this case, should we put the better rate(86.8) in the Execution Report in the above tag? Or should specific tag should be marked with the original client's order rate (87.1)? Thanks. [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.
