Clarification for Scenario D13

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1

Imported from previous forum

2

For scenario

D13 – One cancel/replace request is issued which is accepted – another one is issued which is also accepted

what will happen to the 2nd cancel/replace request if the 1st cancel/replace request is rejected?

Thanks!

3

Mike,

Even if the 1st Req is rejected, It does not impacts the 2nd Req. The 2nd Req will be accepted as normal but only the tag 14 & 151 values will change.

Regards,
Sunil

4

Thanks!

How about the OrigClOrdID and the ClOrdID of the 2nd request? as the OrigClOrdID of it should be the ClOrdID of the 1st request…

5

Mike,

Since the 1st Req was rejected, Tag 41 in the 2nd Req should be the ClOrdID sent in the new order message i.e. Tag 11 sent with 35=D and tag 11 should be a new ClOrdID.

Regards,
Sunil Singh