Order status maintained in OMS

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Imported from previous forum

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Hi
Can anyone help me giving list of order status generally maintained by any OMS system. I am aware that the OMS level statuses should work in concert with the each status change at the FIX message level.

Thanks - Aslam

3

Hi Can anyone help me giving list of order status generally maintained
by any OMS system. I am aware that the OMS level statuses should work in
concert with the each status change at the FIX message level.

Thanks - Aslam

Hello Aslam,

Instead of targetting the OMS you should target the Exchange which is the final concern. Different exchanges may work on different kind of orders and thus can define the order status accordingly. FIX Protocol has orderstatus valid values in the basket of Order status tag but than you have to see if the options avialable do match with what Exchange sends. Also in may cases the OMS can have its own defined valid values of Order Status but that generally would be addition to what Exchange sends.

In case you don’t have mapping with FIX values than thats the decision whether you differ slightly with protocol and ask the concern connecting party to make changes in the data dictionaries for valid values or you use FIX value option and redefined its meaning and share the meaning with the connecting party.