There is a reverse auction trading in our market.
More than one person want to buy the same stock in the same day.
We will assign different sequence ID for them.
When seller sends an order, they must attach the buyer’s sequence ID too.
I have checked FIX specification. I think maybe RefOrderID(1080) is suitable for our case.
Do you guys have any comment?
You could check our article from here.
http://market-regulation.twse.com.tw/ENG/EN/law/DAT0201.aspx?FLCODE=FL007117
Thanks for your help~
Yes, you may use RefOrderID(1080) to reference another order with 2=Market data entry ID if you provide the buyer’s sequence ID through market data. How do you provide the sequence ID, which FIX message and field do you use?
I was unable to open the link for some reason.
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Thanks~
We are migrating our proprietary protocol to FIX. Reverse Auction is not yet supported in our FIX protocol. So we need to map our proprietary field to FIX field.
Good news for FIX, thank you!