Qu'est-ce que « Order-entry protocol, order-entry session, execution report » ?

An order-entry protocol is the message set a participant uses to send, modify and cancel orders and the venue uses to answer. An order-entry session is one logged-in connection that carries it, with its own sequence of messages, limits and state. An execution report is the venue’s message on that session about one order: accepted, executed (partly or fully), cancelled, rejected, replaced.