Valid OrdRejReason value for Order Error

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Imported from previous forum

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Hi,
While sending an Execution report to the Client in case of an Order error, can the value in the “OrdRejReason” (Tag 103) be populated as “Broker option” if none of the values for Tag 103, mentioned in the FIX 4.2 specification document, match that particular Order error.

Thanks in Advance,
Vinay Meher

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You are using FIX 4.2. The current version allows user-defined values for OrdrejReason (100 and above). If possible for your client, I suggest to be more specific and use this option which makes it easier to migrate to a higher FIX version. If that is not possible, you can use the broker option and the Text (58) field for further information. However, that blocks the text field and you cannot echo back the Text field as provided by your client in NewOrderSingle. A way out of this are user-defined fields such as 9320 OrderRejectReasonText.

Hi, While sending an Execution report to the Client in case of an Order
error, can the value in the “OrdRejReason” (Tag 103) be populated as
“Broker option” if none of the values for Tag 103, mentioned in the FIX
4.2 specification document, match that particular Order error.

Thanks in Advance, Vinay Meher