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) 10000
2 Execution(X) Rejected Rejected 10000 0 0 0 If order is rejected by sell-side (broker, exchange, ECN)
2 Execution(X) New New 10000 0 10000 0
3 Execution(X) Trade Partially Filled 10000 1000 9000 1000 Execution for 1000
4 Replace Request(Y,X) 10000 Assume in this scenario that client does not wish to increase qty (e.g. client wants to amend limit price)
4 Execution (X) Trade Filled 10000 10000 0 9000 Execution for 9000 – the replace request message and this execution report pass each other on the connection
5 Cancel Reject (Y,X) Filled CxlRejectReason = 0 (too late to cancel)