Indication of Interest (MsgType = 6, FIXML = Indication)

Indication of interest (6) 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 (6) 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) .

Tag Field Name FIXML Req'd Comments
<Standard Message Header> Y MsgType = 6
23 IOIid IOI_ID Y
28 IOITransType IOI_TransType Y
26 IOIRefID IOI_RefID C Required for Cancel and Replace IOITransType (28) messages
<Instrument> Y
54 Side Side Y Side of Indication. Valid values: 1 = Buy 2 = Sell 7 = Undisclosed (for IOIs)
465 QuantityType QuantityType N
27 IOIQty IOI_Qty Y
423 PriceType PriceType N
44 Price Price N
15 Currency Currency N
62 ValidUntilTime ValidUntilTime N
25 IOIQltyInd IOI_QltyInd N
130 IOINaturalFlag IOI_NaturalFlag N
199 NoIOIQualifiers NoIOI_Qualifiers C Required if any IOIQualifiers are specified. Indicates the number of repeating IOIQualifiers.
=> 104 IOIQualifier IOI_Qualifier C Required if NoIOIQualifiers (199) > 0
58 Text Text N
354 EncodedTextLen EncodedTextLen C Must be set if EncodedText (355) field is specified and must immediately precede it.
355 EncodedText EncodedText C Encoded (non-ASCII characters) representation of the Text (58) field in the encoded format specified via the MessageEncoding (347) field.
60 TransactTime TransactTime N
149 URLLink URLLink N A URL (Uniform Resource Locator) link to additional information (i.e. http://en.wikipedia.org/wiki/Uniform_Resource_Locator)
215 NoRoutingIDs NoRoutingIDs C Required if any RoutingType (216) and RoutingIDs are specified. Indicates the number within repeating group.
=> 216 RoutingType RoutingType C Indicates type of RoutingID (217) . Required if NoRoutingIDs (215) is > 0.
=> 217 RoutingID RoutingID C Identifies routing destination. Required if NoRoutingIDs (215) is > 0.
<Spread Or Benchmark Curve Data> N
219 Benchmark Benchmark N (deprecated) For Fixed Income
<Standard Message Trailer> Y