Re: [Quickfix-users] New Order Single

[Vincent P. <vpr...@ph...>]

On May 20, 2008, at 2:58 PM, John Haldi wrote:

>
> If I understand your question, the answer is "it depends on the  
> other side's protocol implementation".
>
> For example, when I send a NewOrderSingle to ARCA, I initially get  
> an ExecutionReport back from ARCA with OrdStatus=A ("Pending New")  
> which means they got my order but it hasn't gone "live" in their  
> trading engine.  Almost immediately afterwards I get another  
> ExecutionReport with OrdStatus=0 ("New") meaning my order is now  
> live.  Every now and then I get OrdStatus=A and then I get  
> OrdStatus=8 ("Rejected"), which means 1) the FIX group got my  
> message, but 2) it was rejected for some reason (usually because  
> the stock is halted).
>
> As another example, one of the brokers we work with has their  
> system configured so that I don't get the OrdStatus=A messages.  I  
> only get a notification once my order is rejected or it goes live.
>
> And then we have another broker who doesn't send anything back to  
> me when an order goes live.  They only send me notifications when I  
> get filled, partially filled, or I cancel the order.
>
> It really just depends on what the other system is doing.  If you  
> are building a test broker app, I would recommend that you try to  
> implement the more verbose scenario as described in the first example.

We're building a trade match system.  My test client is designed to  
make sure the match server works like it should.  I used a number of  
STL containers to store the data sent to the match server, so it can  
make sure the responses from the match server are correct.

-- 
Vincent