How To Fix CMMFDOF_ORDER_FILL254 - Fill price &1 must be a multiple of DCS/MIC tick size value &2

SAP Error Message - Details

• Message type: E = Error

• Message class: CMMFDOF_ORDER_FILL - Commodity Derivative Order Fill Messages

• Message number: 254

• Message text: Fill price &1 must be a multiple of DCS/MIC tick size value &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CMMFDOF_ORDER_FILL254 - Fill price &1 must be a multiple of DCS/MIC tick size value &2 ?

  The SAP error message CMMFDOF_ORDER_FILL254 indicates that there is an issue with the fill price of an order in the context of trading or financial transactions. Specifically, the error states that the fill price must be a multiple of the tick size defined for the relevant market or instrument.
  Cause:
  
  Tick Size Violation: The fill price you are trying to use does not conform to the tick size rules set for the trading instrument. The tick size is the minimum price movement of a trading instrument, and the fill price must be a multiple of this value.
  Incorrect Price Input: The price entered may have been incorrectly calculated or inputted, leading to a non-compliant value.
  Market Configuration: The market or trading venue may have specific rules regarding price increments that are not being adhered to.
  
  Solution:
  
  Adjust Fill Price: Modify the fill price to ensure it is a multiple of the defined tick size. For example, if the tick size is 0.01, valid fill prices would be 1.00, 1.01, 1.02, etc.
  Check Tick Size Configuration: Review the tick size settings for the instrument in question. Ensure that you are aware of the correct tick size and adjust your pricing accordingly.
  Validation Before Submission: Implement validation checks in your order entry process to ensure that the fill price adheres to the tick size requirements before submission.
  Consult Documentation: Refer to the SAP documentation or trading system guidelines for specific rules regarding tick sizes and fill prices.
  
  Related Information:
  
  Tick Size: This is a crucial concept in trading, as it defines the minimum price movement for a security. Different instruments and markets may have different tick sizes.
  Order Management: Understanding how orders are processed and the rules governing them is essential for successful trading operations.
  SAP Financial Modules: Familiarize yourself with the specific SAP modules related to trading and financial transactions, as they may have additional settings or configurations that impact order processing.
  
  If the issue persists after making the necessary adjustments, it may be beneficial to consult with your SAP support team or a financial trading expert to further investigate the problem.