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4.2 Changes
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Bust a fill from replaced order
Nicholas Duane
13 May 2008 3:44PM ETFirst I would like to understand the benefits of cancel/replace over canceling and creating a new order. Is it because I can send in one "atomic" operation as opposed to sending in a cancel and having to wait for a "canceled" report before I can send a new order?
Secondly I'm wondering what is expected to happen if a execution system bust happens on a fill for the original, pre-replaced, order after the replace has already taken place? An example is:
Order A placed
Partial fill on order A
Cancel/Replace sent to replace A with B
Receive replaced message
Execution system busts partial fill on A
Thanks,
Nick
Bust a fill from replaced order
Nicholas Duane 13 May 2008 3:44PM ET
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