Imported from previous forum
[ original email was from Tom Klepetka - tklepetka@chx.com ]
I am confused about the meaning of LastPx (31) and LastShares (32) in a Execution Report message. In the 4.1 doc, LastShares is defined as “Quantity of shares bought/sold on this fill” and LastPx is “Price of last fill”. Shouldn’t the LastPx definition be “Price of THIS fill”??? If not, I think the names of one or the other field should be changed to avoid confusion.
Any help would be greatly appreciated
[ original email was from Yevgeniy Tovshteyn - yevgeniy@javtech.com ]
I think that LastPx and LastShares are most correct names for these fields. Fill of order might be a lengthy process and can consist of multiple ExecutionReports. ThisPx and ThisShares could be confused with AvgPx or Price and CumQty or OrderQty.
> I am confused about the meaning of LastPx (31) and LastShares (32) in a Execution Report message. In the 4.1 doc, LastShares is defined as “Quantity of shares bought/sold on this fill” and LastPx is “Price of last fill”. Shouldn’t the LastPx definition be “Price of THIS fill”??? If not, I think the names of one or the other field should be changed to avoid confusion.
>
> Any help would be greatly appreciated
>
[ original email was from Yevgeniy Tovshteyn - yevgeniy@javtech.com ]
To avoid confusion completely:
"this fill" and "last fill" in these two phrases relate to LAST ExecutionReport of THIS fill. ExecutionReport could be send just to inform status of the order, in this case LastPx and LastShares both will be set to zero.
> I think that LastPx and LastShares are most correct names for these fields. Fill of order might be a lengthy process and can consist of multiple ExecutionReports. ThisPx and ThisShares could be confused with AvgPx or Price and CumQty or OrderQty.
>
> > I am confused about the meaning of LastPx (31) and LastShares (32) in a Execution Report message. In the 4.1 doc, LastShares is defined as “Quantity of shares bought/sold on this fill” and LastPx is “Price of last fill”. Shouldn’t the LastPx definition be “Price of THIS fill”??? If not, I think the names of one or the other field should be changed to avoid confusion.
> >
> > Any help would be greatly appreciated
> >
>