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Risk Management "Pause" Function
George Rosenberger / ConvergEx <>
28 Mar 2011 11:59AM ET

Has there been any resolution on which FIX tag(s) to use for an order that breaches one of the broker's Risk Management thresholds? I have seen two suggestions on how to implement a "pause". The first is to not immediately Ack the order upon receipt. Perform the various risk checks and then Acknowledge the order if validated or secondly to immediately Acknowledge the order and then perform the risk checks.

Risk Management "Pause" Function
George Rosenberger / ConvergEx   28 Mar 2011 11:59AM ET

Re: Risk Management "Pause" Function
Jim Kaye / Bank of America Merrill Lynch   29 Mar 2011 3:30AM ET