Indication of Interest acknowledgment?

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1

Imported from previous forum

2

Hi,

Are there any mechanisms to acknowledge an IOI? For example, the symbol in the IOI is invalid and a reject needs to be sent.

Thanks!

Feng Shi

3

[ original email was from Keiran Felton - keiran.felton@cameronsystems.com ]
If you are using FIX4.2 you could send a
BusinessMessageReject message.

> Hi,
>
> Are there any mechanisms to acknowledge an IOI? For example, the symbol in the IOI is invalid and a reject needs to be sent.
>
> Thanks!
>
> Feng Shi
>

4

There is no explicit affirmative acknowledgement. FIX 4.2 defined a new Business Message Reject message which can be used to reject an IOI (e.g. BusinessRejectReason=2 (Unknown Security)).

> Hi,
>
> Are there any mechanisms to acknowledge an IOI? For example, the symbol in the IOI is invalid and a reject needs to be sent.
>
> Thanks!
>
> Feng Shi
>