Response to Poss Resend (97=Y)

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Imported from previous forum

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Hi All,

We are sell side receiving orders via pass through netowrk(FIX HUB). This is w.r.t. the PossResend response that we are sending for new single / Amend-Cancel request where Tag11 is no longer live. We require understanding as FIX 4.2 is silent on AmendCancel response.

Following are the case:

  1. There is a new single order with Tag11=10. Post that there are some partial fills and the connection is dropped. On re-connection, we receive single order request with 97=Y to which we respond with 20=3, 150=1 and 39=1.

  2. There is a new single order with Tag11=10. Then there is an amend request with Tag11=20 and 41=10. This is accepted and then the connection is dropped. On re-connection, we receive new single order request with 97=Y to which we respond with 20=3, 150=8 and 39=8 (Reject Status). We are rejecting it since Client Order Id (10) specified in tag 11 is no longer live as Amendment request had already processed for the same.

For the above cases, the pass thorough Network (FIX Hub) is requesting us if we can simply ignore new single order with PossResend (97=Y). Is this as per FIX?

Warm Regards,
Sachin.

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For the above cases, the pass thorough Network (FIX Hub) is requesting
us if we can simply ignore new single order with PossResend (97=Y). Is
this as per FIX?

Simply ignoring this order might not be enough. I would recommend to try posting this order into the book and ignore this message only if client order ID is duplicated. Otherwise, process as regular order request.