Description

Type: int

The level of response requested from receiver of mass order messages. A default value should be bilaterally agreed.

Valid values:

  • 0 = No acknowledgement

    Responses are provided through one or more ExecutionReport (35=8) messages.

  • 1 = Minimum acknowledgement

    The minimum is any information to explain why the requested transaction was refused or led to additional events, e.g. immediate execution of an order that was entered or modified.

  • 2 = Acknowledge each order

    The number of entries in the response is identical to the number of entries in the request.

  • 3 = Summary acknowledgement

    Responses are provided through a single MassOrderAck <DK> without entries and one or more ExecutionReport (35=8) messages.

Used In