Execution Report Acknowledging a Cancel Replace Request

, ,
1

Imported from previous forum

2

Hi ,

I need feedback on valid responses that a Sell Side Firm can have while acknowledging a Cancel Replace Request.

Receive Cancel Replace Request from Client
ClOrdID = 2
OrigClOrdID = 1

We Acknowledge the request with an Execution Report with following details

ClOrdID = 2
OrigClOrdID = 1
OrdStatus = Pending Replace
ExecTransType = New
OrderQty = original orderqty,
CumQty = Current Makes.
Leaves = Current Leaves
LastShares = 0
LastPx = 0

We are using FIX4.0 How are buy sides configured to handle these responses.

I will appreciate your feedback

thanks
Namrata