| Time | Message Received (ClOrdID, OrigClOrdID) | Message Sent (ClOrdID, OrigClOrdID) | Exec Type | OrdStatus | Order Qty | Cum Qty | Leaves Qty | Last Qty | Comment |
|---|---|---|---|---|---|---|---|---|---|
| 1 | New Order(X) | 10 000 | Entry of a stop (OrdType = 3), stop limit (OrdType = 4), At the Close (TimeInForce = 7), etc, order. I.e. an order that is held off the book waiting for activation subject to specified conditions. | ||||||
| 2 | Execution(X) | Rejected | Rejected | 10 000 | 0 | 0 | 0 | If order is rejected by trader / exchange | |
| 2 | Execution(X) | New | New | 10 000 | 0 | 10 000 | 0 |
Trader / exchange acknowledge receipt of order but does not enter it into the book at activation conditions are not met (WorkingIndicator = N). Note that if the conditions are met on entry, this WorkingIndicator is not sent. |
|
| 3 | Execution(X) | Triggered by (Trading System) | New | 10 000 | 0 | 10 000 | 0 |
Activation conditions are reached. Trader / exchange acknowledge that order is put on book (WorkingIndicator = Y). Note that this message can be implicit in situations where there is an immediate fill or partial fill (as any state other than New / Pending New means the order has been added to the book and is working). |
|
| 4 | Execution(X) | Trade | Partially Filled | 10 000 | 2 000 | 8 000 | 2 000 | Execution of 2000 | |
| 5 | Execution(X) | Trade | Filled | 10 000 | 10 000 | 0 | 8 000 | Execution of 8000 |