Re: [Quickfix-developers] Testing A Custom Initiator ... Suggestions Needed

[Grant B. <gbi...@co...>]

You are thinking about FIX in the wrong way.

FIX is a protocol for transmitting messages.  That's it.  It doesn't
tell you how to send orders, or process orders, or receive market
data, though it does provide message types that can be used to do so.

There is no one correct way to submit or accept an order.  Every
counterparty may require certain fields that others don't, or for
fields to used in certain ways, or for custom fields to be added to
messages.  The default FIX messages are a good baseline, but in
practice, all counterparties have made certain customizations that you
need to find out (from them) in order to trade on their systems.

Thus, the trade client example should be looked at only as an example
of how to send and process messages.  The order messages it sends out
probably won't work on most real-world counterparties.  If you have a
specific counterparty in mind, you should check out their FIX
interface's documentation.

-Grant



On Wed, Jun 1, 2011 at 5:53 AM, Hayyan Rafiq <hay...@ho...> wrote:
> QuickFIX Documentation: http://www.quickfixengine.org/quickfix/doc/html/index.html
> QuickFIX Support: http://www.quickfixengine.org/services.html
>
>
> Hi , I recently started using quick fix and I would like to ask the experts out there a couple of questions. Please bare with me
> I recently created an acceptor application (Receives an order and sends an execution report back to the client), I was using the
> tradeclient example in the quick fix source as the initiator. Anyways....
>
> I just found out that the trade client example only allows us to place limit orders and does not support other order types
> (I really do wonder why ?? since other order options are also present ) what i want to know is suppose that I upgrade and extend the tradeclient so it can also place orders like MARKET,STOP and STOP LIMIT is there any way by which i can test these new ORDER TYPES ? I mean are there any websites out there for testing purposes to see if my newly created client can place orders of types (MARKET,STOP and STOP LIMIT) and the website validates the orders informing me if the orders which i created are correct or incorrect t??
>
> My second question is exactly the opposite of above , I want to find out if there is an initiator(some thing like tradeclient) out there that could place all kind of orders. Since i am also developing an acceptor such a client would also come in handy.
>
> Your suggestions and comments would highly be appreciated..
>
>
>
>
>
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