Description
The order cancel reject message is issued by the broker upon receipt of a cancel request or cancel/replace request message which cannot be honored. Requests to change price or decrease quantity are executed only when an outstanding quantity exists. Filled orders cannot be changed (i.e quantity reduced or price change. However, the broker/sellside may support increasing the order quantity on a currently filled order).
When rejecting a Cancel/Replace Request (or Cancel Request), the Cancel Reject (35=3) message should provide the ClOrdID <11> which was specified on the Cancel/Replace Request (or Cancel Request) message for identification, and the OrigClOrdId should be that of the last accepted order (except in the case of CxlRejReason <102> = Unknown Order.
When rejecting an Order Mass Cancel Request, the ClOrdID <11> should be set to the ClOrdID <11> value of the Order Mass Cancel Request. OrigClOrdID <41> is not specified for a rejected Order Mass Cancel Request.
The execution message responds to accepted cancel request and cancel/replace request messages.
Structure
| Tag | Field Name | Req'd | Comments | |
|---|---|---|---|---|
| Component Block - <StandardHeader> | Y | MsgType <35> = 9 | ||
| 37 | OrderID | Y | If CxlRejReason="Unknown order", specify "NONE". | |
| 2422 | OrderRequestID | N |
Required if provided on the order cancel or cancel/replace request. Echo back the value provided by the requester. |
|
| 198 | SecondaryOrderID | N | Can be used to provide order id used by exchange or executing system. | |
| 526 | SecondaryClOrdID | N | ||
| 11 | ClOrdID | Y | Unique order id assigned by institution or by the intermediary with closest association with the investor. to the cancel request or to the replacement order. | |
| 583 | ClOrdLinkID | N | ||
| 41 | OrigClOrdID | N |
ClOrdID <11> which could not be canceled/replaced. ClOrdID of the previous accepted order (NOT the initial order of the day) when canceling or replacing an order. Required when referring to orders that where electronically submitted over FIX or otherwise assigned a ClOrdID. |
|
| 39 | OrdStatus | Y |
OrdStatus value after this cancel reject is applied. If CxlRejReason = "Unknown Order", specify Rejected. |
|
| 636 | WorkingIndicator | N | For optional use with OrdStatus = 0 (New) | |
| 586 | OrigOrdModTime | N | ||
| 66 | ListID | N | Required for rejects against orders which were submitted as part of a list. | |
| 1 | Account | N | ||
| 660 | AcctIDSource | N | ||
| 581 | AccountType | N | ||
| 229 | TradeOriginationDate | N | ||
| 75 | TradeDate | N | ||
| 60 | TransactTime | N | ||
| 434 | CxlRejResponseTo | Y | ||
| 102 | CxlRejReason | N | ||
| 1328 | RejectText | N |
Reason description for rejecting the transaction request. |
|
| 1664 | EncodedRejectTextLen | N |
Must be set if EncodedRejectText <1665> field is specified and must immediately precede it. |
|
| 1665 | EncodedRejectText | N |
Encoded (non-ASCII characters) representation of the RejectText <1328> field in the encoded format specified via the MessageEncoding <347> field. |
|
| 100 | ExDestination | N | ||
| 1133 | ExDestinationIDSource | N | ||
| Component Block - <Parties> | N | |||
| 58 | Text | N | ||
| 354 | EncodedTextLen | N | Must be set if EncodedText field is specified and must immediately precede it. | |
| 355 | EncodedText | N | Encoded (non-ASCII characters) representation of the Text field in the encoded format specified via the MessageEncoding field. | |
| Component Block - <StandardTrailer> | Y | |||