| 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 wainting 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 |
|
Back to Appendix D: Order State Change Matrices
|
