Cancel Reject: OrderStatus for "Unknown" order

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1

Imported from previous forum

2

[ original email was from Domenico Betunio - betunio@bancaimi.it ]
One of the reasons for rejecting an Order Cancel request is because the order is unknown, i.e. has never been received. What should in such a case the OrderStatus in the Cancel Reject message? In fact there’s no previous status.

Thanks
Domenico

3

per FIX 4.3 spec:

  • send the Order Cancel Reject message
    • CxlRejReason = 1 ("Unknown Order")
    • specify value of "NONE" for ClOrdID

> One of the reasons for rejecting an Order Cancel request is because the order is unknown, i.e. has never been received. What should in such a case the OrderStatus in the Cancel Reject message? In fact there’s no previous status.
>
> Thanks
> Domenico
>
>

4

[ original email was from Domenico Betunio - betunio@bancaimi.it ]
Scott,
that’s clear but what about OrderStatus ? (which was my question)

> per FIX 4.3 spec:
> - send the Order Cancel Reject message
> - CxlRejReason = 1 (“Unknown Order”)
> - specify value of “NONE” for ClOrdID
>
>
> > One of the reasons for rejecting an Order Cancel request is because the order is unknown, i.e. has never been received. What should in such a case the OrderStatus in the Cancel Reject message? In fact there’s no previous status.
> >
> > Thanks
> > Domenico
> >
> >
>

5

I think an orderstatus of ‘Rejected’ would be most appropriate (there seems to be no other obvious better candidate).

However, should a new order subsequently arrive with the ClOrdID set to the value in the cancel request message, this would not mean that the new order would necessarily be rejected.

> Scott,
> that’s clear but what about OrderStatus ? (which was my question)
>
>
>
> > per FIX 4.3 spec:
> > - send the Order Cancel Reject message
> > - CxlRejReason = 1 (“Unknown Order”)
> > - specify value of “NONE” for ClOrdID
> >
> >
> > > One of the reasons for rejecting an Order Cancel request is because the order is unknown, i.e. has never been received. What should in such a case the OrderStatus in the Cancel Reject message? In fact there’s no previous status.
> > >
> > > Thanks
> > > Domenico
> > >
> > >
> >
>