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Re: Price Check
Michael Sa
7 May 2008 4:16PM 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

Price Check
Eva Schmidt   24 Apr 2008 9:37AM ET

Re: Price Check
Michael Sa   7 May 2008 4:16PM ET

Re: Price Check
Rodrick Brown / Ballista Securities   7 May 2008 4:59PM ET