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.