Re: [Quickfix-developers] ExecType

[Alvin W. <AW...@FF...>]

Brian, thanks so much for your explanations. that makes a lot of sense.

Unfortunately, many counterparties upgraded their FIX engines from FIX 42 
and therefore continue using Partial Fill and Filled as ExecType.

Thanks
Alvin






Brian Erst <azz...@ya...>
06/23/2005 10:45 AM
Please respond to azzipsderf-quickfix

 
        To:     Alvin Wang <AW...@FF...>, qui...@li..., 
qui...@li...
        cc: 
        bcc: 
        Subject:        Re: [Quickfix-developers] ExecType


Alvin -

This probably isn't the correct forum for general FIX questions, but I
can answer this one.

OrdStatus (39) and ExecType (150) have generally used the same code
values, but for somewhat different reasons. OrdStatus gave you the
current status of the order, while ExecType told you how this
particular ExecutionReport affected the order.

Starting with FIX 4.4, they made Trade Correct (G) and Trade Cancel (H)
new ExecType codes (they were previously indicated by ExecTransType
codes). It never really made much sense to have Partial Fill (1) and
Filled (2) codes for ExecType - these are really order statuses - so
they created a new ExecType Trade (F) to have a nice, orthogonal set of
ExecTypes. Trade, Trade Correct and Trade Cancel are now all single
codes that are defined in order.

I believe Partial Fill and Filled are now used only as OrdStatus values
as of FIX 4.4.

- Brian Erst
Thynk Software, Inc.

--- Alvin Wang <AW...@FF...> wrote:

> Hi I have a pure FIX (44) question. Can anyone explain to me the 
> difference between ExecType 2(Fill) and ExecType F(Trade, fill or
> partial 
> fill)?
> 
> Thanks
> Alvin




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