Tag 44 (Price) in replace reject message

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1

Imported from previous forum

2

In case of replace reject due to break of price tolerance limit what should be the value of tag 44 (Price) in rejection message.

Use case:-

  1. New order 35=D (say at price 15)
  2. Ack message 35=8
  3. Replace request with price 100 35=G
  4. Replace reject 35=9 (Although Tag 44 is optional in reject message, however if this is present, what should be the value of Tag 44 - 15 or 100(for above scenario))
3

Hi,

The OrderCancelReject message (used to reject modification and cancellation requests) does not contain Tag 44 - so you should not have to worry about the price!

Kind Regards,

Prateek Jain