FIX 4.0 : New Order - List <E> message

Structure | Related Messages

Description

The new order list message type is used by institutions wishing to electronically submit lists of related orders to a broker for execution.

The New Order List is intended for use in staging lists to be executed by the broker. If the institution wishes to work a list using the broker's execution services the orders should be submitted as individual New Order - Single <D>'s.

After staging, the list can be operated on in the following ways:

  • Execute: The broker can be instructed to release the list for execution by sending the List Execute <L> message.
  • Cancel: After the list has been staged with the broker, it can be canceled via the submission of the List Cancel Request <K> message. If the list has not yet been submitted for execution, the List Cancel Request <K> message will instruct the broker not to execute it, if the list is being executed, the List Cancel Request <K> message should trigger the broker's system to generate cancel requests for the remaining quantities of each order within the list. Individual orders within the list can be canceled via the Order Cancel Request <F> message.
  • Status: A status of the list can be requested via the submission of the List Status Request <M> message. The broker will respond with one or more List Status <N> messages which will report executed quantity, canceled quantity and average price for each order in the list.
  • Replace: Individual orders within the list can be replaced via Order Cancel/Replace Request <G> messages.

Executions against orders within the list will not normally be reported as they occur. (If this feature is desired the institution and broker should arrange for this reporting as a custom feature using the Execution message.) Executions against the list will be reported within the List-Status message.

Structure

Tag Field Name Req'd Comments
<MessageHeader> Y MsgType <35> = E
66 ListID Y

Must be unique, by customer, for the day

105 WaveNo N
67 ListSeqNo Y
68 ListNoOrds Y
69 ListExecInst N

Include only in ListSeqNo <67> = 1 message

11 ClOrdID Y
109 ClientID N

Used for third-party transactions

76 ExecBroker N

Used for third-party transactions

1 Account N
63 SettlmntTyp N

Absence of this field is interpreted as Regular.

64 FutSettDate N

Required when SettlmntTyp <63> ='6' (Future) or SettlmntTyp <63> ='8' (Sellers Option)

21 HandlInst Y
18 ExecInst N

Can contain multiple instructions, space delimited.

110 MinQty N
111 MaxFloor N
100 ExDestination N
81 ProcessCode N
55 Symbol Y
65 SymbolSfx N
48 SecurityID N
22 IDSource N
106 Issuer N
107 SecurityDesc N
140 PrevClosePx N

Useful for verifying security identification

54 Side Y
114 LocateReqd N

Required for short sell orders

38 OrderQty Y
40 OrdType Y
44 Price N

Required for limit OrdTypes

99 StopPx N

Required for stop OrdTypes

15 Currency N

Message without Currency <15> field is interpreted as US dollars

59 TimeInForce N

Absence of this field indicates Day order

126 ExpireTime N

Required in TimeInForce <59> = GTD

12 Commission N
13 CommType N
47 Rule80A N
121 ForexReq N

Indicates that broker is requested to execute a Forex accommodation trade in conjunction with the security trade.

120 SettlCurrency N

Required if ForexReq <121> = Y.

58 Text N
<MessageTrailer> Y

 

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