Question About Response to a Partial BUST

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Imported from previous forum

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[ original email was from Salvatore Gia - sgia@pwcm.com ]
My question is:

What is the proper value to use in the OrderStatus field when sending back an Execution Report after a order is PARTIALLY Busted.

Should OrderStatus be set to - Partially Filled
or should it be set to - Canceled.

If anyone knows the general consensus of how to handle this explicitly abiding by the protocol, please let me know.

Thanks,
-Sal-

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[ original email was from John Armstrong - ]
> My question is:
>
> What is the proper value to use in the OrderStatus field when sending back an Execution Report after a order is PARTIALLY Busted.
In FIX 4.0 or less,
If you are completely busting an execution, you send
an ExecTransType of CANCEL with an ExecRefID = the
ExecID of the execution you are busting. If you are
correcting the LastShares, LastPx, etc then the ExecTransType = CORRECT. OrdStatus should reflect the
state of the order that this partial bust puts it in, i.e.
Partially Filled if CumQty > 0, or New if not.

In 4.1, the above would apply, adding ExecType = Partial Fill.
>
> Should OrderStatus be set to - Partially Filled
> or should it be set to - Canceled.
>
> If anyone knows the general consensus of how to handle this explicitly abiding by the protocol, please let me know.
>
>
> Thanks,
> -Sal-
>
>