Correct Message, 20=2

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Imported from previous forum

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[ original email was from johnny chan - jchan@yamner.com ]
If the contra party is sending a Correct message, is it has to be one to one correcting or it can be one to many correcting. If its one to many correcting, how should I prepared for it. Is there a tag referencing which one for correcting, thanks in advance.

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If the contra party is sending a Correct message, is it has to be one to
one correcting or it can be one to many correcting. If its one to many
correcting, how should I prepared for it. Is there a tag referencing
which one for correcting, thanks in advance.

I’m not sure at 100% but I think that you will have a correct message for a single order and not for many. The “ExecRefID” (tag 19) contains the reference for the order to cancel/modify.

4

[ original email was from johnny chan - jchan@yamner.com ]
Thanks for the reply, but I think that I did not describe the situation clearly. Let say the contra party sent me 10 execution reports and then the same contra party sent me a correction message for all 10 of them in one message. In other words, they are trying to make a correction for all 10 reports into one. Is there any tag for referencing which one they are correcting? Or is it the standard for correcting message.

If the contra party is sending a Correct message, is it has to be one
to one correcting or it can be one to many correcting. If its one to
many correcting, how should I prepared for it. Is there a tag
referencing which one for correcting, thanks in advance.

I’m not sure at 100% but I think that you will have a correct message
for a single order and not for many. The “ExecRefID” (tag 19) contains
the reference for the order to cancel/modify.

5

Hi there,

As far as I know, a correction is sent as a 1 - 1, each execution report must be corrected via its execid which is unique per execution. I have had a squizz and cant seem to see lists of corrections, in any event each one must be cancel/replaced or corrected individually.

Cheers
Byron

Thanks for the reply, but I think that I did not describe the situation
clearly. Let say the contra party sent me 10 execution reports and then
the same contra party sent me a correction message for all 10 of them in
one message. In other words, they are trying to make a correction for
all 10 reports into one. Is there any tag for referencing which one they
are correcting? Or is it the standard for correcting message.

If the contra party is sending a Correct message, is it has to be
one to one correcting or it can be one to many correcting. If its
one to many correcting, how should I prepared for it. Is there a tag
referencing which one for correcting, thanks in advance.

I’m not sure at 100% but I think that you will have a correct message
for a single order and not for many. The “ExecRefID” (tag 19) contains
the reference for the order to cancel/modify.