Re: [Quickfix-users] Cancel, Limit & Stop

[Joerg T. <Joe...@ma...>]

Hi Alberto,

> I've got two doubts around the fix/quickfix transactions:

These questions are general FIX questions; its better to post them on the FPL site in the
forums:

     http://www.fixprotocol.org/discuss/

Please note that you have to register to post questions.

> Case 1: Suppose I've bought some shares at 2$. Now I want to put a limit
> and a stop at 1.50$ and 2.50$. How should I do that? Using an
> OrderCancelReplaceRequest?

NewOrderSingle(MsgType=D, Side=Sell) is appropriate if you want to sell these shares.
In addition, OrdType=4(Stop Limit) together with StopPx=2.50, Price=1.50 and Currency=USD 
should do the job.

> Case 2: Suppose I've bought some GBP/USD and now I want to sell them.
> How should I do that? Using a new sell Order? Using an
> OrderCancelRequest?

dito NewOrderSingle(Side=Sell, ...)

See e.g. http://www.transacttools.net/ttportal/datadict/browser.jsp for details for the 
NewOrderSingle fields.

Cheers, Jörg

-- 
Joerg Thoennes
                                http://macd.com
Tel.: +49 (0)241 44597-24      Macdonald Associates GmbH
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