1
New Order(X)
10000
56
ExecInst = Z (Cancel if Not Best)
2
Execution(X)
Rejected
Rejected
10000
56
0
0
0
If order is rejected by sell-side (broker, exchange, ECN) (e.g. if the order book is at 56.1-57.1 prior
to this order)
2
Execution(X)
New
New
10000
56
0
10000
0
Order accepted as order book was 55.9-56.9 prior to this order. Order book is now 56.0-56.9
3
Execution(X)
Canceled
Canceled
10000
56
0
0
0
Order book moves to 56.1-57.0. Order is no longer best bid/offer so is canceled with
ExecRestatementReason ="Canceled, Not Best"
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