Imported from previous forum
In Appendix B of FIX 5.0 SP2 Vol 5 (covering Trade Capture Report workflows and usage tables) the recommended TradeReportTransType (#487) for the decline of the report sent by the counterparty to the marketplace in the One-Party Report for Pass-Thru model is Replace (2). Line 2.4 in the table, p181.
Is this correct? A value of Cancel (1) would seem more appropriate; particularly as the marketplace sends Cancel (1) when relaying back to the initiator.