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FIX Adapter System Administration

(DC) Additional FIX Settings: Order RoutingResponses – Business Flows

Order Routing Responses - Business Flows tab

The Order Routing Responses - Business Flows tab contains options that determine which types of business events (flows) TT FIX Adapter sends to FIX clients.

Setting descriptions

The following table describes the business flow options.

Field Name

Description

Send Fill Updates

Whether to forward updated fills to the FIX client.

  • On: TT FIX Adapter sends updated fills in Execution Report (8) and Position Report (UAP) messages with Tag 20 (ExecTransType) = 2 (Trade Correction), a new value in Tag 17 (ExecID), and the fill's previous Tag 17 (ExecID) value in Tag 19 (ExecRefID).
  • Off: TT FIX Adapter sends no fill updates

Default: Disabled

Send Summary Fills

Whether to send spread and strategy summary fill information in addition to leg fills.

  • On: TT FIX Adapter sends both the strategy or spread summary fill and the leg fills for each fill received for a strategy in both Execution Report (8), and Position Report (UAP) messages.
  • Off: TT FIX Adapter sends only leg fills.

Default: Disabled

Send Orders on Reset

Sets whether TT FIX Adapter sends Execution Report (8) messages with Tag 150 (ExecType) = D for all open orders after a session reset.

  • On: After a session reset, send an Execution Report (8) message for each open order.
  • Off: After a session reset, do not send an Execution Report (8) message for each open order.

Default: Disabled

Send Price Change Restatements

Sets whether TT FIX Adapter sends restatement Execution Report (8) messages when a working order's price is changed.

Default: Enabled

Note: This option cannot be disabled for order routing FIX sessions. TT FIX Adapter sends restatement Execution Report (8) messages when a working order's price is changed.

Send Unsolicited Rejects

Whether to send order rejects to the FIX client for all orders visible to the MemberID/GroupID/TraderID that routes the orders or only for those orders that originated from TT FIX Adapter.

  • On: TT FIX Adapter sends order rejects for all orders visible to the MemberID/GroupID/TraderID, when sent by the TT Gateway. FIX Adapter will send a reject Execution Report message for unsolicited order submissions that get rejected and an Order Cancel Reject message for unsolicited order cancels, cancel/replaces, or changes that get rejected.
  • Off: TT FIX Adapter sends order rejects for only those orders that originated from TT FIX Adapter.

Default: Disabled

Send Position Reserve Orders

Whether to send Position Reserve orders to the FIX client.

  • On: TT FIX Adapter sends Position Reserve order updates, when sent by a connected Synthetic SE server.
  • Off: TT FIX Adapter does not send Position Reserve order updates sent by a connected Synthetic SE server.

Default: Enabled

Note: Position Reserve orders are chlid orders of Synthetic SE orders, Autospreader orders, and Autospreader SE orders. This setting applies to all Autospreader and Autospreader SE orders. To receive Position Reserve order updates for Synthetic SE orders, you must also select an option that includes child orders in the Orders drop-down menus in the SSE Orders section.

Send Unsolicited Orders

Whether to send order updates to the FIX client for all orders visible to the MemberID/GroupID/TraderID that routes the orders or only for those orders that originated from TT FIX Adapter.

  • On: TT FIX Adapter sends order updates for all orders visible to the MemberID/GroupID/TraderID.
  • Off: TT FIX Adapter sends order updates for only those orders that originated from TT FIX Adapter.

Default: Disabled for persistent sessions; enabled for non-persistent sessions.

Note: For non-persistent order sessions, working orders become unsolicited orders if TT FIX Adapter restarts. If you disable this setting for a non-persistent order session, FIX clients will not receive the working orders after the restart.

Send Unsolicited Fills

Whether to send fill updates to the FIX client for all orders visible to the MemberID/GroupID/TraderID that routes the orders or only for those orders that originated from TT FIX Adapter.

  • : TT FIX Adapter sends fill updates for all fills visible to the MemberID/GroupID/TraderID.
  • Off: TT FIX Adapter sends fill updates for only those fills that originated from TT FIX Adapter.

Default: Enabled.

Note: For non-persistent order sessions, working orders become unsolicited orders if TT FIX Adapter restarts, and any corresponding fills also become unsolicited. If you disable this setting for a non-persistent order session, FIX clients will not receive fills for the working orders after the restart.

SSE Orders (Note: The following settings affect only Execution Report (8) messages.)

Note: A Drop-Copy FIX Adapter sends Trade Position Report (UAP) messages (Tag 16724 (PosReqType) = 1 (Trades)) for all staged order fills when the FIX client is configured for access to Synthetic SE, regardless of these settings.

Staged Top Level Parent

Settings that specify which orders and fills to send in Execution Report (8) messages for staged orders that originated as a Synthetic SE staged order.

Orders

Types of orders associated with staged orders for which to send order updates to the FIX client when Send Unsolicited Orders is enabled.

  • Send All (Staged Parent, Synthetic Children, and Native Children): Sends order updates for the synthetic parent order, any synthetic child orders, and native child orders that originated from a staged order.
  • Send Native Children Only: Sends order updates only for native child orders that originated from a staged order.
  • Send Staged Parent Only: Sends order updates only for the parent staged order.

    Note: When Send Staged Parent Only is enabled, FIX Adapter will not send updates for position reserve orders that are children of Synthetic SE orders that originated as a staged order, regardless of the Send Position Reserve Orders setting.

  • Send Staged Parent and Native Children Only: Sends order updates for staged parent orders and their respective native child orders only.

Default: Send Staged Parent and Native Children Only

Note: If Send Position Reserve Orders is disabled, FIX Adapter will not sent any Position Reserve orders.

Fills

Types of orders associated with staged orders for which to send fill updates to the FIX client.

  • Send All (Staged Parent, Synthetic Children, and Native Children): Sends fill updates for the synthetic parent order, any synthetic child orders, and native child orders that originated from a staged order.
  • Send Native Children Only: Sends fill updates only for native child orders that originated from a staged order.
  • Send Staged Parent Only: Sends fill updates only for the parent staged order.
  • Send Staged Parent and Native Children Only: Sends fill updates for staged parent orders and their respective native child orders.

Default: Send Staged Parent and Native Children Only

Synthetic Top Level Parent

Settings that specify which orders and fills to send in Execution Report (8) messages for staged orders that originated as a non-staged Synthetic SE synthetic order.

Notes:

  • These settings do not apply to Synthetic SE parent synthetic OCO orders. Order and fill updates will never be sent for the parent synthetic OCO order.
  • These settings do not apply to native child orders of a Synthetic SE parent synthetic OCO order. Order and fill updates for the OCO’s native child orders will be sent as appropriate based on the Send Unsolicited Orders and Send Unsolicited Fills options.
  • These settings do apply to synthetic child orders of a parent synthetic OCO order, to determine whether order and fill updates will be sent for the synthetic child order, its native child orders, or both, as appropriate based on the Send Unsolicited Orders and Send Unsolicited Fills options.

Orders

Types of orders associated with non-staged synthetic orders for which to send order updates to the FIX client when Send Unsolicited Orders is enabled.

  • Send All (Synthetic Parent and Native Children): Sends order updates for the synthetic parent order, any synthetic child orders, and native child orders that originated from a non-staged Synthetic SE synthetic order.
  • Send Native Children Only: Sends order updates only for native child orders that originated as a non-staged Synthetic SE synthetic order.
  • Send Synthetic Parent Only: Sends order updates only for the parent staged order.

    Note: When Send Synthetic Parent Only is enabled, FIX Adapter will not send updates for position reserve orders that are children of Synthetic SE orders that originated as a staged order, regardless of the Send Position Reserve Orders setting.

Default: Send Native Children Only

Note: If Send Position Reserve Orders is disabled, FIX Adapter will not sent any Position Reserve orders.

Fills

Types of orders associated with non-staged synthetic orders for which to send fill updates to the FIX client.

  • Send All (Staged Parent, Synthetic Children, and Native Children): Sends fill updates for the synthetic parent order, any synthetic child orders, and native child orders that originated from a staged order.
  • Send Native Children Only: Sends fill updates only for native child orders that originated from a staged order.
  • Send Staged Parent Only: Sends fill updates only for the parent staged order.
  • Send Staged Parent and Native Children Only: Sends fill updates for staged parent orders and their respective native child orders.

Default: Send Native Children Only