reverse DK message

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Imported from previous forum

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Dear contributors,
Just a quick question regarding sending trade burst / cancel request to the institution by the broker.

Is there any way broker can send FIX message to take back the trade / fill already sent by him and accepted by the institution?

This case may arise when trader intends to take back the trade from institution 1 and link to institution 2 upon doing the client code correction at the exchange level (this facility is available in Indian exchanges).

Please shed light on FIX tag applicable for this scenario.

Awaiting you valuable response.
Cheers!
Vijay

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Trade Bust is Execution Cancel

If you are using FIX.4.0

ExecTransType 20 = 1 Cancel

ExecRefID 19 = ExecID 17 of the Original Trade that you are trying to Bust

For FIX.1 onwards, you would also need to specify ExecType 150

Look thru Order State Change Matrices, there should be an example you are looking for

Just curious what could be the business reason for taking the trade back from institution 1 and giving it to institution 2 ?

Dear contributors, Just a quick question regarding sending trade burst /
cancel request to the institution by the broker.

Is there any way broker can send FIX message to take back the trade /
fill already sent by him and accepted by the institution?

This case may arise when trader intends to take back the trade from
institution 1 and link to institution 2 upon doing the client code
correction at the exchange level (this facility is available in Indian
exchanges).

Please shed light on FIX tag applicable for this scenario.

Awaiting you valuable response. Cheers! Vijay