Imported from previous forum
Hi All,
I have inherited some code which is using NewOrderList to have clients send a batch of New Orders to the server. I think this is an incorrect application of this message based on my reading. Is it common for NewOrderList to be used in this way, separate from RFQ-type basket trading?
Agree, lists are entities in their own right (ListID is mandatory and identifies this entity), i.e. a list and not an order is being executed and you can get a status on progress (for baskets).
Very small lists can be used for contingency orders e.g. one-cancels-the-other (2 orders only). I would not use NewOrderList just to bundle a number of orders together for purely technical reasons. I do not see the real benefit either. However, it is a mis-use rather than a violation.
Hi All,
I have inherited some code which is using NewOrderList to have
clients send a batch of New Orders to the server. I think this is an
incorrect application of this message based on my reading. Is it
common for NewOrderList to be used in this way, separate from RFQ-
type basket trading?