Cancelling fully FILLed order: Order Cancel Reject vs Execution Report (status=REJECTED)

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1

Imported from previous forum

2

Cancel reject (35=9) is the ideal message to be sent back by the counter pary.

3

Yes I too agree with Prachi and Alexandre. But still few vendor systems allow user to send Cancel request and in return it will be 35=9 (as Sergey is expecting).

Case -1 : Few vendor systems does not allow user to send 35=F if order is Fully filled ( it is Grey out from their blotter to send cancel request).

Case -2 : Where few systems (dont grey out that Order from their blotter and which) allows user to send cancel request in that case it will be 35=9 and reason will be like "Fail to insert" /"Too late to cancel"

 

 

Cheers,

Ashwaq Ali Shaik

4

Hi Sergey,

I agree with Prachi, but if you send a Cancel request message before you receive Order Filled message you can consider this acceptable behavior,  since this is specified on the rules of engagement (ROE) from downstream/connector.

5

Ideally you should not be able to send cancel order request when order is completely Filled.

6

Hi everyone,

I have a question regarding the situation when I send a Cancel request message for an order that has already been FILLed.

As far as I understand, according to FIX, I should expect Order Cancel Reject (<9>) in this case. However, I receive an ER (ordStatus=REJECTED) from the downstream/connector.

Is it an error in the connector or acceptable behavior?

Thanks.