FIX 4.0 : Indication of Interest <6> message

Structure | Related Messages

Description

Indication of interest messages are used to market merchandise which the broker is buying or selling in either a proprietary or agency capacity. The indications can be time bound with a specific expiration value. Indications are distributed with the understanding that other firms may react to the message first and that the merchandise may no longer be available due to prior trade.

Indication messages can be transmitted in various transaction types: NEW, CANCEL, and REPLACE. All message types other than NEW modify the state of the message identified in IOIRefID <26>.

Structure

Tag Field Name Req'd Comments
<MessageHeader> Y MsgType <35> = 6
23 IOIid Y
28 IOITransType Y
26 IOIRefID N

Required for Cancel and Replace IOITransType <28> messages

55 Symbol Y
65 SymbolSfx N
48 SecurityID N
22 IDSource N
106 Issuer N
107 SecurityDesc N
54 Side Y

Side of Indication

Valid values:

1 = Buy

2 = Sell

27 IOIShares Y
44 Price N
15 Currency N

Indication without Currency <15> field is interpreted as US dollars.

62 ValidUntilTime N
25 IOIQltyInd N
24 IOIOthSvc N

Applicable only if advertised on public IOI service.

130 IOINaturalFlag N
104 IOIQualifier N
58 Text N
<MessageTrailer> Y