Imported from previous forum
Does any body know what is a store order? I am writing a FIX API and people in other teams who were using ION MarketView want me to support something called ‘Store order’ (Time In Force perspective). But FIX protocol doesn’t have this concept as much as I can see. Any suggestions? Thanks.
Maybe ExecInst(18) = 6 (Participate don’t initiate) is what you are looking for. Others calls it “Book or Cancel”. The intention is to avoid becoming an aggressor aka liquidity taker which may result in higher transaction fees.
Regards,
Hanno.
Does any body know what is a store order? I am writing a FIX API and people in other teams who were using ION MarketView want me to support something called ‘Store order’ (Time In Force perspective). But FIX protocol doesn’t have this concept as much as I can see. Any suggestions? Thanks.
Thanks Hanno. Do you know if all exchanges support this? I am first trying to check if CME supports it. But I found no documentation as such. Any idea?
Maybe ExecInst(18) = 6 (Participate don’t initiate) is what you are looking for. Others calls it “Book or Cancel”. The intention is to avoid becoming an aggressor aka liquidity taker which may result in higher transaction fees.
Regards,
Hanno.Does any body know what is a store order? I am writing a FIX API and people in other teams who were using ION MarketView want me to support something called ‘Store order’ (Time In Force perspective). But FIX protocol doesn’t have this concept as much as I can see. Any suggestions? Thanks.
We don’t support this…
Thanks Hanno. Do you know if all exchanges support this? I am first trying to check if CME supports it. But I found no documentation as such. Any idea?
Maybe ExecInst(18) = 6 (Participate don’t initiate) is what you are looking for. Others calls it “Book or Cancel”. The intention is to avoid becoming an aggressor aka liquidity taker which may result in higher transaction fees.
Regards,
Hanno.Does any body know what is a store order? I am writing a FIX API and people in other teams who were using ION MarketView want me to support something called ‘Store order’ (Time In Force perspective). But FIX protocol doesn’t have this concept as much as I can see. Any suggestions? Thanks.
Thanks Aditya. Is there any documentation around what is exactly supported and what is not on CME? I looked around, did not find any. If it is not available, is there a support email group or a hotline? Thanks.
We don’t support this…
Thanks Hanno. Do you know if all exchanges support this? I am first trying to check if CME supports it. But I found no documentation as such. Any idea?
Maybe ExecInst(18) = 6 (Participate don’t initiate) is what you are looking for. Others calls it “Book or Cancel”. The intention is to avoid becoming an aggressor aka liquidity taker which may result in higher transaction fees.
Regards,
Hanno.Does any body know what is a store order? I am writing a FIX API and people in other teams who were using ION MarketView want me to support something called ‘Store order’ (Time In Force perspective). But FIX protocol doesn’t have this concept as much as I can see. Any suggestions? Thanks.
Sure no problem. Please refer to these links:
a) http://www.cmegroup.com/confluence/display/EPICSANDBOX/CME+Globex
b) http://www.cmegroup.com/globex/trading-cme-group-products/trading-applications/isv.html
Thanks Aditya. Is there any documentation around what is exactly supported and what is not on CME? I looked around, did not find any. If it is not available, is there a support email group or a hotline? Thanks.
We don’t support this…
Thanks Hanno. Do you know if all exchanges support this? I am first trying to check if CME supports it. But I found no documentation as such. Any idea?
Maybe ExecInst(18) = 6 (Participate don’t initiate) is what you are looking for. Others calls it “Book or Cancel”. The intention is to avoid becoming an aggressor aka liquidity taker which may result in higher transaction fees.
Regards,
Hanno.Does any body know what is a store order? I am writing a FIX API and people in other teams who were using ION MarketView want me to support something called ‘Store order’ (Time In Force perspective). But FIX protocol doesn’t have this concept as much as I can see. Any suggestions? Thanks.
I have captured this on FIXwiki - Welcome fixwiki.org - BlueHost.com
Ramakrishma, does this look like what you were looking for? If so, I will also add “Store order” as an alternate name on FIXwiki.
Maybe ExecInst(18) = 6 (Participate don’t initiate) is what you are looking for. Others calls it “Book or Cancel”. The intention is to avoid becoming an aggressor aka liquidity taker which may result in higher transaction fees.
Regards,
Hanno.Does any body know what is a store order? I am writing a FIX API and people in other teams who were using ION MarketView want me to support something called ‘Store order’ (Time In Force perspective). But FIX protocol doesn’t have this concept as much as I can see. Any suggestions? Thanks.
Yes, based on the description, it looks like it.
I have captured this on FIXwiki - Welcome fixwiki.org - BlueHost.com
Ramakrishma, does this look like what you were looking for? If so, I will also add “Store order” as an alternate name on FIXwiki.
Maybe ExecInst(18) = 6 (Participate don’t initiate) is what you are looking for. Others calls it “Book or Cancel”. The intention is to avoid becoming an aggressor aka liquidity taker which may result in higher transaction fees.
Regards,
Hanno.Does any body know what is a store order? I am writing a FIX API and people in other teams who were using ION MarketView want me to support something called ‘Store order’ (Time In Force perspective). But FIX protocol doesn’t have this concept as much as I can see. Any suggestions? Thanks.
[ original email was from Jasper Grootaers - jumpergrog@gmail.com ]
Are you writing to an ISV’s API or an actual Exchange API?
Yes, based on the description, it looks like it.
I have captured this on FIXwiki - http://fixwiki.org/fixwiki/ExecInst/6_ParticipateDoNotInitiate
Ramakrishma, does this look like what you were looking for? If so, I will also add “Store order” as an alternate name on FIXwiki.
Maybe ExecInst(18) = 6 (Participate don’t initiate) is what you are looking for. Others calls it “Book or Cancel”. The intention is to avoid becoming an aggressor aka liquidity taker which may result in higher transaction fees.
Regards,
Hanno.Does any body know what is a store order? I am writing a FIX API and people in other teams who were using ION MarketView want me to support something called ‘Store order’ (Time In Force perspective). But FIX protocol doesn’t have this concept as much as I can see. Any suggestions? Thanks.
ISV
Are you writing to an ISV’s API or an actual Exchange API?
Yes, based on the description, it looks like it.
I have captured this on FIXwiki - http://fixwiki.org/fixwiki/ExecInst/6_ParticipateDoNotInitiate
Ramakrishma, does this look like what you were looking for? If so, I will also add “Store order” as an alternate name on FIXwiki.
Maybe ExecInst(18) = 6 (Participate don’t initiate) is what you are looking for. Others calls it “Book or Cancel”. The intention is to avoid becoming an aggressor aka liquidity taker which may result in higher transaction fees.
Regards,
Hanno.Does any body know what is a store order? I am writing a FIX API and people in other teams who were using ION MarketView want me to support something called ‘Store order’ (Time In Force perspective). But FIX protocol doesn’t have this concept as much as I can see. Any suggestions? Thanks.