OrdStatus = Canceled; LeavesQty = ?

, ,
1

Imported from previous forum

2

Hello,

I’m reviewing again the FIX specs for Bovespa (São Paulo Stock Exchange) and BM&F (Brazilian Mercantile & Futures Exchange).

Let’s say:

  • a Client sends a NewOrder for 1000 shares;
  • the Exchange sends an ExecutionReport with OrdStatus = New;
  • the Client sends an OrderCancelRequest;
  • the Exchange sends an ExecutionReport canceling the order: OrdStatus = Canceled (39=4), ExecType = Canceled (150=4).

My question is about LeavesQty (tag 151) in this last ExecutionReport:

  • in Bovespa FIX, LeavesQty=0 (nothing will be traded);
  • in BM&F FIX, LeavesQty=1000 (nothing was traded).

I would like to know how other Exchange Houses proceed in this case.

Thanks!

3

Refer

D3 – Cancel request issued for a zero-filled order

in FIX-42-with_errata_20010501.pdf Page 209 (211/283)

Hello,

I’m reviewing again the FIX specs for Bovespa (São Paulo Stock
Exchange) and BM&F (Brazilian Mercantile & Futures Exchange).

Let’s say:

  • a Client sends a NewOrder for 1000 shares;
  • the Exchange sends an ExecutionReport with OrdStatus = New;
  • the Client sends an OrderCancelRequest;
  • the Exchange sends an ExecutionReport canceling the order: OrdStatus =
    Canceled (39=4), ExecType = Canceled (150=4).

My question is about LeavesQty (tag 151) in this last ExecutionReport:

  • in Bovespa FIX, LeavesQty=0 (nothing will be traded);
  • in BM&F FIX, LeavesQty=1000 (nothing was traded).

I would like to know how other Exchange Houses proceed in this case.

Thanks!

4

Leaves quantity always refer to how much left with exchange .
So whenever you would cancel an order there’s nothing left with exchange so 151=0( 14=0 for new order cancel, 14=qty for part filled order)

Refer

D3 – Cancel request issued for a zero-filled order

in FIX-42-with_errata_20010501.pdf Page 209 (211/283)

Hello,

I’m reviewing again the FIX specs for Bovespa (São Paulo Stock
Exchange) and BM&F (Brazilian Mercantile & Futures Exchange).

Let’s say:

  • a Client sends a NewOrder for 1000 shares;
  • the Exchange sends an ExecutionReport with OrdStatus = New;
  • the Client sends an OrderCancelRequest;
  • the Exchange sends an ExecutionReport canceling the order: OrdStatus
    = Canceled (39=4), ExecType = Canceled (150=4).

My question is about LeavesQty (tag 151) in this last ExecutionReport:

  • in Bovespa FIX, LeavesQty=0 (nothing will be traded);
  • in BM&F FIX, LeavesQty=1000 (nothing was traded).

I would like to know how other Exchange Houses proceed in this case.

Thanks!