comparing precedence between OrdStatus=Filled and Replaced in FIX 4.1 and 4.2

davidhu_x · June 23, 2006, 10:22am

Imported from previous forum

davidhu_x · June 23, 2006, 10:22am

Hi, could you confirm my understanding regarding the correct OrdStatus value we should send in a Replaced confirmation when an order belongs to both Filled and Replaced state ? In FIX 4.2, appendix D, case D11, it states quite clearly that since Filled (8) has higher precedence than Replaced (3), broker should set tag39=2. However in FIX 4.1, in the Execution Reports section, Filled has status 4 and Replaced has status 9. So in FIX 4.1, we should set tag 39=5. Is this correct? If so, why do we switch the relative precedence values between FIX 4.1 and 4.2 ?

Thanks

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comparing precedence between OrdStatus=Filled and Replaced in FIX 4.1 and 4.2

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