Imported from previous forum
I am developing trading plateform in which client send new order, after receiving fill order, the client send close order.My problem is how i recognize that the order request is to close order so that prfit calculation process can be done.
For example.What will be ordtype?etc
There are two scenarios
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The Order is completely filled. In this case there is nothing more left in the order to execute, so your system can start the profit-loss calculations
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The order is partially filled and your client does not wish any more execution of the leaves quantity. In this case, the client would send Message Type 35=F Order Cancel Request. Your system would send an ExecReport with OrdStatus 39=4 Canceled and then your system can start the profit-loss calculation
I am developing trading plateform in which client send new order, after
receiving fill order, the client send close order.My problem is how i
recognize that the order request is to close order so that prfit
calculation process can be done. For example.What will be ordtype?etc