Appendix D: Order State Change Matrices

D37 – Transmitting a guarantee of execution prior to execution

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) Partial Fill Stopped New 10000 0 10000 1000 Text="You are guaranteed to buy 1000 at 50.10"; LastPx=50.10. This is similar to the concept of a "protected" trade
4 Execution(X) Partial Fill Stopped New 10000 1000 9000 1000 LastPx=50 * executed price is better than guaranteed

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