Stop orders trigger

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Imported from previous forum

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[ original email was from Francois Milot - francois.milot@gltrade.com ]
Hi guys,

I’m facing a problem in a specific FIX kinematic. I send a stop order which is acknowledged (39=0|150=0). I had a look on FIX kinemactic and I haven’t see any kinematic concerning stop order triger.

How FIX manages stop orders triger ?

Thanks and regards,

François.

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Hi guys,

I’m facing a problem in a specific FIX kinematic. I send a stop order
which is acknowledged (39=0|150=0). I had a look on FIX kinemactic and I
haven’t see any kinematic concerning stop order triger.

How FIX manages stop orders triger ?

Thanks and regards,

François.

4

[ original email was from Marcondes Farias - mfarias@bmf.com.br ]
Hi François,

the way we’ve implemented Stop Orders Triggering was this: once the stop order is received by the exchange, we acknowledge that order with an execution report with (39=0|150=0) and with tag WorkingIndicator = N (636=N) to indicate that the order is not on the market yet. When the order is triggered, with send a new execution report with WorkingIndicator = Y (636=Y) to indicate the order was triggered and is now the market.

Hope this helps you

Cheers

Marcondes

Hi guys,

I’m facing a problem in a specific FIX kinematic. I send a stop order
which is acknowledged (39=0|150=0). I had a look on FIX kinemactic and I
haven’t see any kinematic concerning stop order triger.

How FIX manages stop orders triger ?

Thanks and regards,

François.