[This message was posted by John Prewett of Lava Trading <[email protected]> to the "General Q/A" discussion forum at http://fixprotocol.org/discuss/22. You can reply to it on-line at http://fixprotocol.org/discuss/read/49a7988d - PLEASE DO NOT REPLY BY MAIL.]
I can see that FIX.5.0 eliminates the various "OnClose" OrdTypes in favor of putting this timing specification into 59=7 TimeInForce=AtTheClose instead which is a very good thing .... However some of us must support earlier versions of FIX. In FIX.4.2 I can see: o OrdType=5 MarketOnClose o OrdType=A OnClose o OrdType=B LimitOnClose Now I fully understand MarketOnClose and LimitOnClose. What is OnClose? If an "OnClose" 40=A order is supplied without a price, would that be the same as 40=5 "MarketOnClose"? If an "OnClose" 40=A order is supplied with a price, would that be the same as 40=B "LimitOnClose"? Thanks. JohnP [You can unsubscribe from this discussion group by sending a message to mailto:[email protected]] --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/FIX-Protocol?hl=en -~----------~----~----~----~------~----~------~--~---
