Acknowledging a Cancel Replace Request

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1

Imported from previous forum

2

Hi ,

I need feedback on valid responses that a Sell Side Firm can have while acknowledging a Cancel Replace Request.

Receive Cancel Replace Request from Client
ClOrdID = 2
OrigClOrdID = 1

We Acknowledge the request with an Execution Report with following details

ClOrdID = 2
OrigClOrdID = 1
OrdStatus = Pending Replace
ExecTransType = New
OrderQty = original orderqty,
CumQty = Current Makes.
Leaves = Current Leaves
LastShares = 0
LastPx = 0

We are using FIX4.0 How are buy sides configured to handle these responses.

I will appreciate your feedback

thanks
Namrata

3

I think the 4.0 order state change matrices imply that you should have ClOrdID = ‘1’ on the ‘pending cxl’ message. 4.0 execution reports don’t have an OrigClOrdID, so that should not be present at all. It is important that the OrderQty still reflect the original order, as you have it. Things have been changed substantially in later versions of the spec.

> Hi ,
>
> I need feedback on valid responses that a Sell Side Firm can have while acknowledging a Cancel Replace Request.
>
> Receive Cancel Replace Request from Client
> ClOrdID = 2
> OrigClOrdID = 1
>
> We Acknowledge the request with an Execution Report with following details
>
> ClOrdID = 2
> OrigClOrdID = 1
> OrdStatus = Pending Replace
> ExecTransType = New
> OrderQty = original orderqty,
> CumQty = Current Makes.
> Leaves = Current Leaves
> LastShares = 0
> LastPx = 0
>
> We are using FIX4.0 How are buy sides configured to handle these responses.
>
> I will appreciate your feedback
>
> thanks
> Namrata
>
>
>
>
>