RE: [Quickfix-developers] Re: [Quickfix-users] how to send response to a client

[James C. D. <jc...@co...>]

Brian,
I'm curious why in your case the OrdStatus = "NEW" was not sufficient to
indicate that the order was accepted by the exchange and in the market? What
exchange/venue was most problematic for you in this regard?

Thanks,
Jim 

-----Original Message-----
From: qui...@li...
[mailto:qui...@li...] On Behalf Of Brian
Erst
Sent: Friday, June 03, 2005 7:45 AM
To: rohan joel pais; qui...@li...;
qui...@li...
Subject: [Quickfix-developers] Re: [Quickfix-users] how to send response to
a client

QuickFIX Documentation:
http://www.quickfixengine.org/quickfix/doc/html/index.html
QuickFIX FAQ: http://www.quickfixengine.org/wikifix/index.php?QuickFixFAQ
QuickFIX Support: http://www.quickfixengine.org/services.html

I have a very similar application and I eventually decided that the "better"
way was to add additional ExecType/OrdStatus values and use those to
differentiate between "my application has received the order"
and "the exchange has received the order".

In my particular case, I use Pending New (OrdStatus='0') to indicate that my
app received and databased the order. I created a new OrdStatus ('x' for at
the eXchange) to indicate that the order had been received by the exchange.

FIX hasn't fully come to terms with third-party order management systems
acting as a bridge between clients and exchanges. Hopefully they will start
looking at that (if they haven't already) as most of the ISVs out there are
now adding some sort of FIX interface to their order management systems.

- Brian Erst
Thynk Software, Inc.

--- rohan joel pais <roh...@re...> wrote:

>   
> Hi all,
>        I need some help in developing a new project. It is like this
> -  My application will act like a passer, which recieves fix messages 
> from the client and then converts it into another format and sends it 
> to the exchange.
> But my problem here is i want to tell the client that i have recieved 
> his order, without sending him the execution report. so i am asking 
> whether i can build my own response message and send it to the client.
> 
> with regards
> rohan pais
> 



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