rejecting a List Cancel Request message

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Imported from previous forum

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[ original email was from Mohammad Ismael - Moe@lehman.com ]
I was wondering if there is a simple way to reject a List Cancel Request message (MsgType=K). For single order cancels, there is a special message type for rejections (MsgType=9); however, I do not see the analog for lists. The List Status message is not suitable and requires detailed information for each order in the List. What is the correct way to do this?

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I was wondering if there is a simple way to reject a List Cancel Request
message (MsgType=K). For single order cancels, there is a special
message type for rejections (MsgType=9); however, I do not see the
analog for lists. The List Status message is not suitable and requires
detailed information for each order in the List. What is the correct way
to do this?

The Fix 4.4 specification indicates that the ListStausMessage(MsgType = N) may be used to respond to a ListCancelMessage(MsgType = K) on page 138 of Volume 4 in the description of the ListStatusMessage.

It is my interpretation that a ListStatusMessage is the correct message to reject a ListCancelMessage. The ListStatusMessage should be sent with ListStatusType(429)=2 (Response), ListOrderStatus(431)=7 (Reject) and ListStatusTest(444) explaining which ListCancelMessage was rejected and why. To avoid having to include all of the order details, NoOrders can be set to 0.

Alternatively, a BusinessMessageReject(MsgType = j) could be sent with BusinessRejectReason(379)=0 (Other) and Text(58) set to the reason for the reject.

Andrew Broome
TransactTools
andrew.broome@transacttools.net

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Hi,

Are we really supposed to use a ListStatus message to reject a ListCancelRequest message. Since the BusinessMessageReject message specification states:

In response to:

  • List Cancel Request
    Use the Order Cancel Reject message

What does it mean?

Regards,
Xavier.

I was wondering if there is a simple way to reject a List Cancel Request
message (MsgType=K). For single order cancels, there is a special
message type for rejections (MsgType=9); however, I do not see the
analog for lists. The List Status message is not suitable and requires
detailed information for each order in the List. What is the correct way
to do this?

The Fix 4.4 specification indicates that the ListStausMessage(MsgType = N) may be used to respond to a ListCancelMessage(MsgType = K) on page 138 of Volume 4 in the description of the ListStatusMessage.

It is my interpretation that a ListStatusMessage is the correct message to reject a ListCancelMessage. The ListStatusMessage should be sent with ListStatusType(429)=2 (Response), ListOrderStatus(431)=7 (Reject) and ListStatusTest(444) explaining which ListCancelMessage was rejected and why. To avoid having to include all of the order details, NoOrders can be set to 0.

Alternatively, a BusinessMessageReject(MsgType = j) could be sent with BusinessRejectReason(379)=0 (Other) and Text(58) set to the reason for the reject.

Andrew Broome
TransactTools
andrew.broome@transacttools.net