NOT the initial order of the day ???

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1

Imported from previous forum

2

In the tags table of the Order Cancel/Replace Request, the FIX 4.1 document says that OrigClOrdId is:

ClOrdId of the previous order (NOT the initial order of the day)
when cancelling or replacing an order.

I don’t understand what is special about “the initial order of the day”.
Can someone please explain this phrase?

Hugh

3

[ original email was from Patrice Herve - patrice.herve@ota.fr.socgen.com ]
Here is a scenario explaining the "not the initial order of the day" wording:

  • Client sends an Order 1 (ClOrdId = 1)
  • Broker acknowlegement on this order (Exec Report with ClOrdId = 1)
  • Client sends a Cancel/Replace request (ClOrdId = 2, OrgClOrdId = 1)
  • Broker ack on this request (Exec Report with ClOrdId = 2)
  • Then Client sends a second Cancel/Replace request (ClOrdId = 3, OrgClOrdId = 2)
  • Broker ack on this request (Exec Report with ClOrdId = 3)

In this second Cancel/Replace, the OrgClOrdId is equal to 2, and this is not "the initial order of the day".

The wording should be "not the initial order number of the day".

I hope this will help.

Regards.

Patrice

> In the tags table of the Order Cancel/Replace Request, the FIX 4.1 document says that OrigClOrdId is:
>
> ClOrdId of the previous order (NOT the initial order of the day)
> when cancelling or replacing an order.
>
> I don’t understand what is special about “the initial order of the day”.
> Can someone please explain this phrase?
>
> Hugh
>
>