FIX 4.2 : Pending Replace Ack

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1

Imported from previous forum

2

Hi,

I have a question regarding Pending Replace Acknowledgments :
The scenario is as follows :

  1. New Order Single (44=25, 38=100)
  2. Exec Report (Pending New)
  3. Exec Report (New)
  4. Order Cancel Replace Request (44=30, 38=100)

Now, my FIX Server is sending an Exec Report with 44=25, 38=100 (original order’s parameters) and 39=E, 150=E.

I have a customer who is a bit upset about this and claims that the pending replace ER should contain the price from the change request.

I checked the FIX 4.2. order change matrices (from the specification) but these pertain only to quantity changes. However, the concept seems to fit my implementation.

So, my question is : In my scenario, should the pending replace Exec Report contain the price from the change request or the price from the current state of the order?

Kind Regards,

Prateek Jain

3

Hi,

The pendingreplace message should contain the original order information (price, quantity, order type, timeinforce, etc). It may differ from the current order state in case of chained replace requests (scenario D.2.b from FIX-VOL-4 specifications).

Xavier.

Hi,

I have a question regarding Pending Replace Acknowledgments :
The scenario is as follows :

  1. New Order Single (44=25, 38=100)
  2. Exec Report (Pending New)
  3. Exec Report (New)
  4. Order Cancel Replace Request (44=30, 38=100)

Now, my FIX Server is sending an Exec Report with 44=25, 38=100 (original order’s parameters) and 39=E, 150=E.

I have a customer who is a bit upset about this and claims that the pending replace ER should contain the price from the change request.

I checked the FIX 4.2. order change matrices (from the specification) but these pertain only to quantity changes. However, the concept seems to fit my implementation.

So, my question is : In my scenario, should the pending replace Exec Report contain the price from the change request or the price from the current state of the order?

Kind Regards,

Prateek Jain