Amending commission

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Imported from previous forum

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[ original email was from Daniel Yu - yu_daniel@jpmorgan.com ]
How can I process changes to commissions after the original NEW order?

Although, the Order Cancel/Replace request message has provisions for a commission field (tag 12), it is not a field that can be changed - according to the specification. Yet, it is not a required field which leads me to believe that no validation will be performed, thus will be accepted.

What is the impact if this message is sent to an exchange?

Is there a better way of handling this issue?

Thanks,
Daniel

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You can cancel this Order and post a new Order with new Commissions.
I did not find any other ways to change it.
May be there is other ways…

Roman Polupanov
B2B Its Corp.,
fix.btobits.com
www.btobits.com

> How can I process changes to commissions after the original NEW order?
>
> Although, the Order Cancel/Replace request message has provisions for a commission field (tag 12), it is not a field that can be changed - according to the specification. Yet, it is not a required field which leads me to believe that no validation will be performed, thus will be accepted.
>
> What is the impact if this message is sent to an exchange?
>
> Is there a better way of handling this issue?
>
> Thanks,
> Daniel
>
>
>