The market participant can change the lifecycle of the ”OrderReport” and “TradeReport” via the field “ActionType”. The possible values are: New, Modify, Error and Cancel.
But if the market participant wants to report the change of the contract, he doesn’t have the possibility to report the change. The contract type doesn’t have the field “ActionType”.
Is it not allowed to change or cancel the contract?
For details see xml tags: “contractList” and “annexTable1ContractType”.
If reporting parties erroneously report the contract ID or details of the contract in the Contract List section of the XML file, they have to resubmit all the transactions related to that contract. To do so, the reporting parties have to:
- submit a trade with Action type ‘E’ in order to invalidate the previous transactions; and
- resubmit them with the correct Contract ID/details with Action type ‘N’.
For further information, please refer to Annex VII to the TRUM.