After Client successfully sent New Order Single message, the acknowledgment Execution Report messages for the new order will be sent by Server in two steps:
6. Optional step. Execution Report message on order placement in our Order Book.
The following FIX tags are populated:
20 ExecTransType = 0 “New”
150 ExecType = A “PendingNew”
39 OrdStatus = A “PendingNew”
2. Execution Report message on receiving acknowledgement from exchange.
The following FIX tags are populated:
20 ExecTransType = 0 “New”
150 ExecType = 0 “New”
39 OrdStatus = 0 “New”