Posted: Aug 07, 2024 @ 05:57 AM             Msg. 1 of 9

We expect to receive two types of messages: expiration and liquidation. Upon receiving an expiration message, we will close the futures position on our end. Upon receiving a liquidation message, we will perform other actions on our side. How can we determine which message is for expiration and which is for liquidation?

Posted: Aug 07, 2024 @ 08:49 AM             Msg. 2 of 9

Can you provide more context so I can answer your question? What message are you asking about specifically?

If we liquidate a position, you will be locked from trading and your position is flattened. You will not be able to place any trade. Same for expiration. Once a contract has expired, trading is not possible. You would need to trade in the next available month.

Posted: Aug 07, 2024 @ 09:57 AM             Msg. 3 of 9

How to determine that execution report is about liquidation? Does any tag contain information about it?

Posted: Aug 11, 2024 @ 10:01 AM             Msg. 4 of 9

Chris,

Can you provide any sample code of for the different unsolicited messages we can expect to receive? IE a liquidation, an expiration, etc?

thanks
Dave

Posted: Aug 12, 2024 @ 08:37 AM             Msg. 5 of 9

Below is an example of an unsolicited order (ie. liquidation and similar to an offsetting trade due to contract expiration):
325 UnsolicitedIndicator=Y


08:27:53.025 FIX.4.4:OEC_TEST->CMiccicheTM: <- 8=FIX.4.4
9=257
35=8
34=16
49=OEC_TEST
52=20240812-13:27:53
56=CMiccicheTM
1=API000839
6=0.00
11=OECFIX:213429619
14=0
17=OECFIX:213429619:152
37=213429619
38=1
39=A
40=1
54=2
55=ES
59=0
60=20240812-13:27:53.015
150=A
151=1
167=FUT
200=202409
325=Y
377=N
461=FXXXXS
1028=Y
10=121


13:27:53
56=CMiccicheTM
1=API000839
6=0.00
11=OECFIX:213429619
14=0
17=OECFIX:213429619:152
37=213429619
38=1
39=A
40=1
54=2
55=ES
59=0
60=20240812-13:27:53.015
150=A
151=1
167=FUT
200=202409
325=Y
377=N
461=FXXXXS
1028=Y
10=121


08:27:53.047 FIX.4.4:OEC_TEST->CMiccicheTM: <- 8=FIX.4.4
9=257
35=8
34=17
49=OEC_TEST
52=20240812-13:27:53
56=CMiccicheTM
1=API000839
6=0.00
11=OECFIX:213429619
14=0
17=OECFIX:213429619:153
37=213429619
38=1
39=0
40=1
54=2
55=ES
59=0
60=20240812-13:27:53.046
150=0
151=1
167=FUT
200=202409
325=Y
377=N
461=FXXXXS
1028=Y
10=093


08:27:53.061 FIX.4.4:OEC_TEST->CMiccicheTM: <- 8=FIX.4.4
9=276
35=8
34=18
49=OEC_TEST
52=20240812-13:27:53
56=CMiccicheTM
1=API000839
6=5382.75
11=OECFIX:213429619
14=1
17=OECFIX:213429619:154
31=5382.75
32=1
37=213429619
38=1
39=2
40=1
54=2
55=ES
59=0
60=20240812-13:27:53.046
150=F
151=0
167=FUT
200=202409
325=Y
377=N
461=FXXXXS
1028=Y
10=008


08:27:53.063 FIX.4.4:OEC_TEST->CMiccicheTM: <- 8=FIX.4.4
9=260
35=8
34=19
49=OEC_TEST
52=20240812-13:27:53
56=CMiccicheTM
1=API000839
6=5382.75
11=OECFIX:213429619
14=1
17=OECFIX:213429619:155
37=213429619
38=1
39=B
40=1
54=2
55=ES
59=0
60=20240812-13:27:53.061
150=B
151=0
167=FUT
200=202409
325=Y
377=N
461=FXXXXS
1028=Y
10=042

Posted: Aug 12, 2024 @ 10:54 AM             Msg. 6 of 9

Thank you!!

Posted: Aug 12, 2024 @ 11:06 AM             Msg. 7 of 9

Thanks for examples.
325 tag is sent for both: for expiration and for liquidation.
But how to know is message expiration or liquidation? They look similar

Posted: Aug 13, 2024 @ 03:25 AM             Msg. 8 of 9

Hello, any update?

Posted: Aug 22, 2024 @ 03:31 PM             Msg. 9 of 9

Both orders will look similar, you will not be able to determine which is which via FIX.