Re: [Quickfix-developers] Order cancellation rejected

[John G. <joh...@wa...>]

Hi,

> Please, could anyone help me with some field values meaning?
I am afraid this is not directly related to QF but depends on the market 
place you are trading at.

> - 0: Too late to cancel, why is too late?
Because order has been executed already, because order has expired 
already, because... it's too late. It's not your job as a developper to 
say whether it is true or not, the *market* said it is too late, EOT.

2: Exchange option
(No idea) 

> - 0: exchange option
I don't know this one. 

> - 1: unknown or non tradable
Self explanatory. The "thing" (shares, bonds, options, futures, whatever) 
you are trying to buy/sell is either unknown (bad ISIN code for example) 
or not opened on this market place.
> - 2: Exchange closed
Again, self explanatory. What you are trying to buy/sell on this place is 
not tradeable because this place is closed (for all assets or only this 
one)

> - 3: Order exceeds limit (price or volume)
For example, it is forbidden to have a single order higher than 15K euros 
on Paris market place for "SRD". You must split it into several orders if 
above this limit price. It's just a market place rule. 

> - 4: Too late to enter
I guess this is related to subscriptions of new assets but I am not sure.

> - 11: Unsupported order characteristic
I guess this is quite rare and happens on "special" assets, on which you 
cannot have anything else than a day order. 

Basically, these questions are related to the way the stock exchange 
works, not the way QF or even Fix protocole works, and there is nothing 
you can do about them except relay the reject reason back to the trader 
(who *is* supposed to understand them because it is *his* job to know). I 
don't mean that a developper should not understand the way the stock 
exchange works, just that for a non-technical reject, there is no action 
to be taken except get them to a human being in charge (whereas a 
technical reject such as a missing field should also be forwarded to the 
IT staff for immediate analysis).

Sincerely,
JG