Imported from previous forum
Hi
When the exchange server cancels any Limit-On-Open order as market opening, do they send cancel message back? or is there any way to know when the market is opened based on the incoming message from exchange server?
Thanks in advance!
-JS
This depends on the specific implementation. Recommended practice would be to inform the original submitter of an order about an unsolicited cancellation. Market opening information belongs to the area of market data, e.g. via the SecurityStatus or as part of the MarketDataSnapshotFullRefresh or MarketDataIncremental message. Again, this depends on the specific implementation and cannot be answered in general. You will probably have to approach the exchange if their documentation does not answer your question.
Regards,
Hanno.
Hi
When the exchange server cancels any Limit-On-Open order as market
opening, do they send cancel message back? or is there any way to
know when the market is opened based on the incoming message from
exchange server?Thanks in advance! -JS
You are right. I need to contact to the exchange or our broker first.
But I was wondering there is any fix protocol for those kind of notices like market opening or market closing.
Anyways, Thanks Hanno!
-JS
This depends on the specific implementation. Recommended practice would
be to inform the original submitter of an order about an unsolicited
cancellation. Market opening information belongs to the area of market
data, e.g. via the SecurityStatus or as part of the
MarketDataSnapshotFullRefresh or MarketDataIncremental message. Again,
this depends on the specific implementation and cannot be answered in
general. You will probably have to approach the exchange if their
documentation does not answer your question.Regards, Hanno.
Hi
When the exchange server cancels any Limit-On-Open order as market
opening, do they send cancel message back? or is there any way to
know when the market is opened based on the incoming message from
exchange server?Thanks in advance! -JS
JS,
For the exchange systems our team works on, the FIX gateways allow remote applications to subscribe for Trading Session Status and Security Status messages. Tag 340 and tag 326 respectively indicate the new status. (e.g. pre-open, open, halted, closed, etc.)
Our clients predefine trading session IDs which simplifies Security Definition Requests and status subscription requests. I know some exchanges define these on the fly which makes the use of these messages more complicated.
Clients use Security Definition Request to get the list of available securities and which trading sessions they are available in.
Cheers, Dennis
You are right. I need to contact to the exchange or our broker first.
But I was wondering there is any fix protocol for those kind of notices
like market opening or market closing.Anyways, Thanks Hanno! -JS
This depends on the specific implementation. Recommended practice
would be to inform the original submitter of an order about an
unsolicited cancellation. Market opening information belongs to the
area of market data, e.g. via the SecurityStatus or as part of the
MarketDataSnapshotFullRefresh or MarketDataIncremental message. Again,
this depends on the specific implementation and cannot be answered in
general. You will probably have to approach the exchange if their
documentation does not answer your question.Regards, Hanno.
Hi
When the exchange server cancels any Limit-On-Open order as market
opening, do they send cancel message back? or is there any way to
know when the market is opened based on the incoming message from
exchange server?Thanks in advance! -JS
That’s exactly what i am looking for
Thanks Dennis!
-JS
JS,
For the exchange systems our team works on, the FIX gateways allow
remote applications to subscribe for Trading Session Status and Security
Status messages. Tag 340 and tag 326 respectively indicate the new
status. (e.g. pre-open, open, halted, closed, etc.)Our clients predefine trading session IDs which simplifies Security
Definition Requests and status subscription requests. I know some
exchanges define these on the fly which makes the use of these messages
more complicated.Clients use Security Definition Request to get the list of available
securities and which trading sessions they are available in.Cheers, Dennis
You are right. I need to contact to the exchange or our broker first.
But I was wondering there is any fix protocol for those kind of
notices like market opening or market closing.Anyways, Thanks Hanno! -JS
This depends on the specific implementation. Recommended practice
would be to inform the original submitter of an order about an
unsolicited cancellation. Market opening information belongs to the
area of market data, e.g. via the SecurityStatus or as part of the
MarketDataSnapshotFullRefresh or MarketDataIncremental message.
Again, this depends on the specific implementation and cannot be
answered in general. You will probably have to approach the exchange
if their documentation does not answer your question.Regards, Hanno.
Hi
When the exchange server cancels any Limit-On-Open order as market
opening, do they send cancel message back? or is there any way to
know when the market is opened based on the incoming message from
exchange server?Thanks in advance! -JS