Time Message Received (ClOrdID, OrigClOrdID) Message Sent (ClOrdID, OrigClOrdID) Exec Type OrdStatus Order Qty Cum Qty Leaves Qty Last Qty Comment
1 New Order(X) 10 000 Entry of a stop (OrdType = 3), stop limit (OrdType = 4), At the Close (TimeInForce = 7), etc, order. I.e. an order that is held off the book wainting for activation subject to specified conditions.
2 Execution(X) Rejected Rejected 10 000 0 0 0 If order is rejected by trader / exchange
2 Execution(X) New New 10 000 0 10 000 0

Trader / exchange acknowledge receipt of order but does not enter it into the book at activation conditions are not met (WorkingIndicator = N).

Note that if the conditions are met on entry, this WorkingIndicator is not sent.

3 Execution(X) Triggered by (Trading System) New 10 000 0 10 000 0

Activation conditions are reached. Trader / exchange acknowledge that order is put on book (WorkingIndicator = Y).

Note that this message can be implicit in situations where there is an immediate fill or partial fill (as any state other than New / Pending New means the order has been added to the book and is working).

4 Execution(X) Trade Partially Filled 10 000 2 000 8 000 2 000 Execution of 2000
5 Execution(X) Trade Filled 10 000 10 000 0 8 000 Execution of 8000