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4.2 Changes
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Re: Price Check
Rodrick Brown / Ballista Securities
7 May 2008 4:59PM ET> Hi Eva, there is no way to do a price check in FIX, since the order is
> leaving the system and going to the exchange, and that is the only time
> you will know what the price is, unless you build a tool that would
> look at the last price of the previous fill and compare it to your FIX
> limit order.
>
> Regards, Michael
>
>
>
> > Hi guys,
> >
> > some exchanges provide a so-called "price check" functionality. That
> > means, if somebody sends a limit order to the market, which, if it
> > would be matched, would lead to price that is too far away from the
> > last traded price and therefore would cause a volatility interuption.
> >
> > Does anyone know, if this is possible with FIX - anyhow? I didn't
> > found a FIX tag that seems to be suitable and never have heards or
> > read that this feature is supported by FIX ...
> >
> > Maybe somebody knows it better than me ..?!
> >
> > Regards, Eva
Eva are you trying to check that prices are within the NBBO?
Re: Price Check
Rodrick Brown / Ballista Securities 7 May 2008 4:59PM ET
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