To provide member firms with greater flexibility in managing their customer orders, the NYSE will be introducing a new optional auto-cancel upon disconnect service within our Common Customer Gateway (CCG) SM. At the member firm’s request, a FIX session can be configured to automatically cancel all open day orders if the firm’s FIX session disconnects from CCG by providing two additional FIX Tags in the session Logon message.
It is anticipated that this feature will be available in the November 2010 timeframe. A future notification will provide additional information regarding testing opportunities and exact implementation dates. In the interim, population of these new FIX Tags in the Logon message will have no effect and will not cancel any open orders upon a session disconnect.
For additional details on how your firm may take advantage of this new service, please refer to the attached notice or to the NYSE CCG FIX Specification version 4.6 dated 9/02/2010. For additional business questions or comments, please contact your Relationship Manager or one of the additional contacts below:
Robert Airo rairo@nyx.com 212.656.5663
Michael Paulyson mpaulyson@nyx.com 212.656.2721
Related Links:
Information Memo - New Auto-Cancel on Disconnect Notice
NYSE CCG FIX Specification and API Document
Category: Product News
