[This message was posted by VEERAMANI NAVANEETHA KRISHNAN of SIX group <[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/ba83ad23 - PLEASE DO NOT REPLY BY MAIL.]
Hello Hanno, Thanks for your reply... It helped a lot... If i wanted to know about the market practice of using SWITCH orders in Mutual and offshore fund industry where i can find it... With Regards Navaneetha Krishnan > If I understand you correctly, you want to replace one order with > another based on some condition. You can do this with a NewOrderList > message and tag 1385 ContingencyType = 2 = "One Triggers the Other" > (OTO). The message needs to contain both orders (from and to), your > rules of engagement should state that the first order in ListOrdGrp is > the primary (FROM) and the second is the secondary (TO) order. If you > only have one triggering condition, e.g. cancellation/expiration of the > primary order, you can simply document that in your rules without using > explicit fields in the message. The latter would be covered by the order- > specific TriggeringInstruction component block. An upcoming extension to > FIX 5.0 SP2 will allow you to reference another order > (http://www.fixprotocol.org/discuss/read/d48fc151). > > Regards, Hanno. > > > How does SWITCH orders (SWITCH FROM and SWITCH TO) can be > > traded in FIX > > . This is related to Mutual and offshore fund orders. > > > > i.e SWITCH FROM equivalent to MT502 SWIF , SWITCH TO equivalent to > > MT502 SWIT > > > > > > > > Please help us with an answer [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 -~----------~----~----~----~------~----~------~--~---
