Multiple triggering instructions

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Imported from previous forum

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[ original email was from Tayfun Cakirtas - tayfun@financeIQ.com ]
Hi all;

I’m planing to modify NewOrderSingle message of Fix 5.0SP1 and make it possible to attach multiple triggering instructions to an order. A possible usage scenario for that is a profit target limit order which has

  • a stop loss trigger attached that modifies original limit order to market (effectively acting as a OCO bracket order)

  • a time trigger which will again modifies orig. order (lmit->market) (e.g. close the position if it’s not closed either profit target or stop loss till hh:mm) (i know that this needs some custom fields)

Actually one may extend the possible scenarios easily. So, i think that it’s a good idea and i was pretty surprised that TriggeringInstruction of current specs is not a repeating group avoiding one to attach multiple triggers.

So i wonder if am i missing sth.?

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