Imported from previous forum
Who specifies the SettlemntTyp field (tag# 63) ? The field is part of the New Order message as well as the Execution Report message.
If the trading institution sends a particular value for the SettlemntTyp field in the New ORder message, can it be changed by the broker in the Execution Report ?
Which is the correct Settlement Type in this situation ? Would we say that the Execution Report override is the correct one that the Allocation should go with ?
Thanks,
Manu.
Manu Bhatnagar
Princeton Financial Systems
609-514-4611