[This message was posted by Alan Tang of Credit Suisse 
<[email protected]> to the "FIXML" discussion forum at 
http://fixprotocol.org/discuss/7. You can reply to it on-line at 
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> Hi,
> 
> I found a tag "150 ExecType" in FIX 5.0 which has values like "Replaced"
> and "Trade Correct".See below link:
> 
> http://www.fixprotocol.org/FIXimate3.0/en/FIX.5.0SP2/tag150.html
> 
> Can this is used for amendment.If yes,what value will be more suitable for 
> that(Replaced or Trade Correct)
> 
> Please advise.
> Many thanks
> Jayashree

Hi Jayashree:

ExecTyp is used mainly in execution report message (<ExecRpt/>) to identify the 
transaction type of the order being reported. If you want to send message to 
instruct an amendment of a previously sent order, you should send Order 
Cancel/Replace Request (aka Order Modification Request); in FIXML it is 
<OrdCxlRplcReq/>, MsgType=G. It has "OrigID" attribute to allow you to 
reference the original order, and the new values on this message will replace 
those of the previous one.

Please refer to FIX-5.0_SP2 Volume 4.

Hope this helps.

Alan


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