safe guard

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Imported from previous forum

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[ original email was from johnny chan - jchan@yamner.com ]
Hello all,
Currently I am using version 4.0. Is there any tag within the fix msg to reject the msg if the order price is way off the market price? Thanks in advance.

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Hello all, Currently I am using version 4.0. Is there any tag within the
fix msg to reject the msg if the order price is way off the market
price? Thanks in advance.

You would reject the order via an ExecutionReport with OrdStatus = 8 (Rejected). OrdRejReason(103) is the field to specify the reason for the rejection. I would suggest either “3 = Order exceeds limit” or “0 = Broker option”.