Q: OrdStatus vs ExecType in FIX?
http://fixprotocol.org/FIXimate3.0/en/FIX.5.0SP2/tag39.html — good to memorize all of these
Each order can generate multiple execution reports. Each report has an exectype describing the report. Once an order status changes form A to B, OrdStatus field changes from A to B, but in the interim the exectype in the interim execution reports can take on various values.
Enum values of exectype tag and ordstatus tag are very similar. For example, a partial fill msg will have exectype=F (fill) and ordstatus=1 (partial fillED).
exectype is the main carrier of the cancellation message and the mod message.
In a confusing special case, The exectype value can be the letter “i”, representing OrderStatus, spelt “OrderStatus”.
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