Auto Quote Refresh

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Imported from previous forum

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Is there any way to indicate that a quote got replenished after matching ( Auto Quote Refresh) ?

  • Can we use execution report with ordStatus = New , ExecType = Restated ?

Thanks and regards
Pavan

pavan@ssi-technologies.com

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[ original email was from Ryan Pierce - rpierce@taltrade.com ]
> Is there any way to indicate that a quote got replenished after matching ( Auto Quote Refresh) ?
> - Can we use execution report with ordStatus = New , ExecType = Restated ?

Execution Reports with ExecType=Restated are used for order flow when the sell-side makes a modification to the order. Exemples include a telephone conversation where the buy-side authorizes changing the order out-of-band, listing all GTC orders still live at the beginning of the next day, or listing modifications to GTCs as a result of corporate actions. As it relates to modification of open orders, not quotes, I’m not sure it would be appropriate for this purpose.