How To Fix CMMFDOR_DRVTV_ORDER196 - Stop price &1 is not a multiple of DCS/MIC tick value &2

SAP Error Message - Details

• Message type: E = Error

• Message class: CMMFDOR_DRVTV_ORDER - Commodity Derivative Order Requests Messages

• Message number: 196

• Message text: Stop price &1 is not a multiple of DCS/MIC tick value &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message CMMFDOR_DRVTV_ORDER196 - Stop price &1 is not a multiple of DCS/MIC tick value &2 ?

  The SAP error message CMMFDOR_DRVTV_ORDER196 indicates that there is an issue with the stop price specified in a trading order. Specifically, the error states that the stop price you are trying to set is not a multiple of the tick value defined for the relevant trading instrument in the DCS (Direct Clearing System) or MIC (Market Identifier Code).
  Cause:
  
  Tick Value Misalignment: The stop price you are trying to set does not align with the tick size defined for the instrument. For example, if the tick size is 0.01, a stop price of 10.03 would be valid, but a stop price of 10.05 would not be valid if the tick size is 0.02.
  Incorrect Configuration: The configuration for the trading instrument may not be set up correctly, leading to discrepancies between the expected tick values and the values being used in the order.
  Data Entry Error: There may be a simple data entry error where the stop price was incorrectly inputted.
  
  Solution:
  
  Check Tick Size: Verify the tick size for the trading instrument in question. You can usually find this information in the instrument's specifications or trading rules.
  Adjust Stop Price: Modify the stop price to ensure it is a valid multiple of the tick size. For example, if the tick size is 0.01, valid stop prices would be 10.00, 10.01, 10.02, etc.
  Review Configuration: If you suspect that the configuration might be incorrect, consult with your system administrator or the team responsible for maintaining the trading system to ensure that the tick values are set up correctly.
  Consult Documentation: Refer to the SAP documentation or trading system guidelines for more information on how to set up orders correctly and understand the tick size requirements.
  
  Related Information:
  
  Tick Size: The minimum price movement of a trading instrument. It is crucial for ensuring that orders are placed at valid price levels.
  DCS/MIC: These refer to the systems and codes used for trading and clearing transactions. Understanding how they work can help in troubleshooting issues related to trading orders.
  SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance, as they may have more specific insights into the error message and its resolution.
  
  By following these steps, you should be able to resolve the error and successfully place your trading order.