Appendix D: Order State Change Matrices

D21 – Unsolicited reduction of order quantity by sell side ( e.g. for US ECNs to communicate Nasdaq SelectNet declines)

Time Message Received (ClOrdID, OrigClOrdID) Message Sent (ClOrdID, OrigClOrdID) Exec Type OrdStatus Exec Trans Type Order Qty Cum Qty Leaves Qty Last Shares Comment
1 New Order(X) 10000
2 Execution(X) Rejected Rejected New 10000 0 0 0 If order is rejected by broker
2 Execution(X) New New New 10000 0 10000 0
3 Execution(X) Restated New New 9000 0 9000 0 ExecRestatementReason="Partial Decline of OrderQty"
4 Execution(X) Fill Filled New 9000 9000 0 9000

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