Imported from previous forum
If a market participant places two separate orders onto a central order book and then a single order from a counterparty results in both orders being filled, should the venue send one consolidated ExecutionReport to the market participant, or a separate ExecutionReport for each order?
If a market participant places two separate orders onto a central order book and then a single order from a counterparty results in both orders being filled, should the venue send one consolidated ExecutionReport to the market participant, or a separate ExecutionReport for each order?
By default, the expectation is that in the above scenario, two separate ExecutionReports will be generated, since this will allow each ExecutionReport message to link back to the original order.
This approach allows COB16 to be handled without any additional effort.
If a market participant places two separate orders onto a central order book and then a single order from a counterparty results in both orders being filled, should the venue send one consolidated ExecutionReport to the market participant, or a separate ExecutionReport for each order?
By default, the expectation is that two separate ExecutionReports will be generated, as this will allow each ExecutionReport to be linked back to the original order.