CQG FIX Client may be configured to recognize orders it did not place/modify, yet placement/modification acknowledgements and other order state changes are reported by FIX Server using Execution Report messages. It is expected that such orders will be originated from some 3rd-party FIX client connected to the same FIX Server CQG FIX client communicates with.
Orders placed by 3rd-party FIX Client are external (or unsolicited) from CQG FIX Client point of view. Order modifications initiated by 3rd-party FIX Client are external/unsolicited order modifications. External order modification can change parameters of either external order or order placed by CQG FIX Client.
If Execution report is related
to some external order action, FIX Server should provide Y value of
ExternalOrderIndicator (50935) in Execution Report message.
The default
value of this tag is N.
Tag UnsolicitedIndicator(325) is used for the same purpose as ExternalOrderIndicator (50935), but it is deprecated for future until clients are updated to use ExternalOrderIndicator (50935).