RFO Request and Fill

Send a request for order on the RQ session. OpenYield acknowledges receipt, then places the request as a live order on the marketplace.

Two acknowledgments arrive in sequence:

  • A pending acknowledgment (OrdStatus 39=A) signals that OpenYield received the request and is staging it during the collection window.
  • A new acknowledgment (39=0) signals the request is now live on the marketplace as an order.

Once live, partial fills are delivered in real time as contra-side liquidity is matched. When the order is completely filled, the final fill (OrdStatus 39=2) gives the total quantity and weighted average price and closes the order.