Clients can consume Marketable indicator as a BodyPassthruField in the ExecutionReport if their Orders session is configured for this field by GTX. Please note that this field is not available by default. Marketable indicates the order was matched with an LP quote / order by the GTX matching engine. If the order is not marketable (for reasons such as, the market moved and there is no quote/ order that matches the Limit price) then this tag would provide that information to the client.
This tag is useful for clients to understand if they got Rejected by the LP or if their order was not presented to the LP in the first place due to ‘no match’. - '
Y': the order was matched by GTX engine (i.e. the order was marketable and was presented to the LP). - '
N': the order was not matched (i.e. the order was not marketable and never presented to an LP).
Please contact MarketFactory Delivery team if you need Marketable field enabled in your Orders session. |