Imported from previous forum
Our fixed income trading system was implemented using our defined protocol. We want to make it FIX compatable. I read Fix 4.4 vol 7 and can’t figure out how to cancel the booked order:
FI --QuoteRequest -> LP
FI <-Quote – LP
FI --QuoteResponse-> LP
FI <-ExecutionReport-- LP
…
here FI - Financial Institution
LP - Liquity Provider
If the order status of execution report is ‘booked’ with settlement in two days. Before settltement date, any side of the trading can cancel or modify the booked order if the conterparty agrees the changes.
How do I do it using FIX 4.4?