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What Do You Mean By Incoming Sequence No And Outgoing Sequence No? Which Tag Is Used To Carry Sequence No? |
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Answer» Sequence Number is very important concept of FINANCIAL INFORMATION EXCHANGE (FIX) protocol which essentially provides it Recovery and replay FUNCTIONALITY and ENSURES that no message will lose during TRANSMISSION or communication. In FINANCIAL INFORMATION EXCHANGE (FIX) protocol every message contains a unique sequence number defined in tag 34. Logically we can DIVIDE sequence number into two Incoming and Outgoing Sequence number. Incoming sequence number is the number any FIX Engine expecting from Counter Party and Outgoing sequence number is the number any FIX engine is sending to Counter Party. Sequence Number is very important concept of FINANCIAL INFORMATION EXCHANGE (FIX) protocol which essentially provides it Recovery and replay functionality and ensures that no message will lose during transmission or communication. In FINANCIAL INFORMATION EXCHANGE (FIX) protocol every message contains a unique sequence number defined in tag 34. Logically we can divide sequence number into two Incoming and Outgoing Sequence number. Incoming sequence number is the number any FIX Engine expecting from Counter Party and Outgoing sequence number is the number any FIX engine is sending to Counter Party. |
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