Imported from previous forum
[ original email was from Theo Ng - tng@gl-asia.com.hk ]
Hi,
I observed that SGX-QT acknowledged ‘Market to limit’ order as ‘Limit’ order with price defined.
After the order acknowledged, client needs to treat the order completely as ‘Limit’ order.
For example, clients need to send modification of order with order type equal to ‘Limit’ instead of ‘Market to limit’, otherwise, it would be rejected.
Do you think it is normal behavior or it is violating some kind of rule in FIX?
My understanding was the replacement of order should be done with the order original order type unless the client means to change it.
Have you experience similar issue on other markets?
Your advice is greatly appreciated.
Thanks in advance.
Regards…Theo