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  • FT Phone Orders

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    Ashish Sharma
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    To send a phone order via FIX, one must first connect an instance of FIXTester as a buyside to send a sample order. A second instance connects as the phone order buyside. It then sends an execution message using specific tag values like ClOrderID, ExecID, and CumQty to reference the original order, resulting in the phone order being displayed for acceptance.

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    FT_Phone_Orders

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    To send a phone order via FIX, one must first connect an instance of FIXTester as a buyside to send a sample order. A second instance connects as the phone order buyside. It then sends an execution message using specific tag values like ClOrderID, ExecID, and CumQty to reference the original order, resulting in the phone order being displayed for acceptance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    8 views3 pages

    FT Phone Orders

    Uploaded by

    Ashish Sharma
    To send a phone order via FIX, one must first connect an instance of FIXTester as a buyside to send a sample order. A second instance connects as the phone order buyside. It then sends an execution message using specific tag values like ClOrderID, ExecID, and CumQty to reference the original order, resulting in the phone order being displayed for acceptance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    of 3

    Sending Phone Orders

    To send a Phone Order the following steps need to be performed:

    1. Connect one instance of the FixTester as the Simple Buyside with the normal Connection
    settings.

    2. Connect another instance of the FixTester as PhoneOrder BuySide with the below
    mentioned Connection settings.

    3. Send a Buy order from the Simple BuySide.


    4. Obtain the ClOrderId, OrderId of the order along with the Qty.
    5. Now inorder to send an Execution from the PhoneOrder Buyside, select the message type as
    Execution from the Drop down menu.
    6. The message sent should contain the following Tags:

    Tag Value(Desription)
    1 Account
    6 AvgPx
    11 ClOrderId
    14 CumQty
    17 ExecId
    20 ExecTransType
    32 LastShares
    35 MsgType=8(Exec)
    37 OrderId
    38 OrderQty
    39 OrderStatus
    40 OrderType
    54 Side
    55 Symbol
    56 TargetCompId
    57 TargetSubId

    7. Sending the Msg with all these tags will result in a popup being displayed in FIXTrader.
    8. Accept the order to the Blotter.

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