Imported from previous forum
Hello everybody,
I am trying to come up with an Order State Change Matrix for handling Order Frozen state in FIX protocol. The scenario I am particularly interested in handling is when an order goes into freeze on exchange(usually a temporary situation where an order is inactivated but not eliminated). Various reasons can be attributed to this and is a common practice with many Asia/PacRim Stock Exchanges.
Thanks in advance,
Diptaneal
Diptaneal,
Order status 39=9 & 150=9 can be used to convey the client about the status of the order in the Exchange.i.e. the order has been frozen and will be resumed but not eliminated.
Regards,
Sunil Singh
Diptaneal,
Order status 39=9 & 150=9 can be used to convey the client about the
status of the order in the Exchange.i.e. the order has been frozen and
will be resumed but not eliminated.Regards, Sunil Singh
Thanks Sunil.
On reactivation, does one send out Restated message with 39=0 (or previous order status)?
Diptaneal,
On reactivation, there’s a restated message going out with Tag 150=D and 39=previous order status. Ideally this must be the behaviour but I have also observed exchanges sending 39=New order status which might get DK’d if the order status was filled/partially filled. Hence not that much sure about the handling of subsequent messages once the order re-opens. Would be thankful to anyone who offers any clarification on this.
Regards,
Sunil