Imported from previous forum
How are other Sell Side firms dealing with the receipt of a Duplicate CliOrdId from the Buy Side.
The Execution Report "Reject" requires a Tag 37 OrderId, but if we receive a duplicate the Buy Side order is not allowed into our system, so there is no Sell Side Order Id as such.
Do other firms just put a notional reference in the field to satisfy FIX?
[ original email was from Dean Kauffman - dean.kauffman@tradeweb.com ]
Catherine,
We supply "NONREF" (borrowed from the ABA wholesale payments standard) when there is no appropriate value for a required reference field. When receiving this value you should treat the field as blank and non-unique.
Dean Kauffman
TradeWeb LLC
> How are other Sell Side firms dealing with the receipt of a Duplicate CliOrdId from the Buy Side.
>
> The Execution Report "Reject" requires a Tag 37 OrderId, but if we receive a duplicate the Buy Side order is not allowed into our system, so there is no Sell Side Order Id as such.
>
> Do other firms just put a notional reference in the field to satisfy FIX?
>
>
>