Business level functionality for consideration: Ability to pre-send a template message to the remote party

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Imported from previous forum

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For example, during session initialisation, a template message and ID could be sent with pre-defined details of an order, including account allocation, trader id, instrument selection, and maybe even qty, price, etc.

Then, during trading, the client can send order requests to the remote party by referencing the template ID, and filling in the gaps necessary to complete the order. Human readable example: send “side=buy,template=2,price+=1", instead of sending an entire NewSingleLeg order every time…

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please refer to
http://fixprotocol.org/discuss/read/df2cbc3a
and the follow-on discussion

For example, during session initialisation, a template message and ID could be sent with pre-defined details of an order, including account allocation, trader id, instrument selection, and maybe even qty, price, etc.

Then, during trading, the client can send order requests to the remote party by referencing the template ID, and filling in the gaps necessary to complete the order. Human readable example: send “side=buy,template=2,price+=1", instead of sending an entire NewSingleLeg order every time…