New Order - List (MsgType = E, FIXML = NewOrderList)

The New Order - List (E) Message can be used in one of two ways depending on which market conventions are being followed.

In the "Non disclosed" convention the New Order - List (E) message is sent after the bidding process has been completed, by telephone or electronically. The New Order - List (E) message enumerates the stocks, quantities, direction for the trade and may contain pre-allocation information.

This message may also be used as the first message for the transmission of a program trade where the bidding process has been done by means other than FIX. In this scenario the messages may either be used as a staging process, in which case the broker will start execution once either a ListExecute is received or for immediate execution, in which case the orders will be executed on receipt.

In the "Disclosed" convention the New Order - List (E) message is sent before the bidding process is started, by telephone or electronically. The New Order - List (E) message enumerates the stocks and quantities from the bidding process, and may contain pre-allocation information. The direction of the trade is disclosed after the bidding process is completed.

See Volume 4: "Program/Basket/List Trading" of FIX Specification for examples.

The New Order - List (E) message type may also be used by institutions or retail intermediaries wishing to electronically submit multiple Collective Investment Vehicle orders to a broker or fund manager for execution.

See VOLUME 7 - "PRODUCT: COLLECTIVE INVESTMENT VEHICLES" of FIX Specification

Tag			Field Name	FIXML	Req'd	Comments
<Standard Message Header>					Y	MsgType = E
66			ListID	ListID	Y	Must be unique, by customer, for the day
390			BidID	BidID	N	Should refer to an earlier program if bidding took place.
391			ClientBidID	ClientBidID	N
414			ProgRptReqs	ProgRptReqs	N
394			BidType	BidType	Y	e.g. Non Disclosed Model, Disclosed Model, No Bidding Process
415			ProgPeriodInterval	ProgPeriodInterval	N
480			CancellationRights	CancellationRights	N	For CIV - Optional
481			MoneyLaunderingStatus	MoneyLaunderingStatus	N	For CIV - Optional
513			RegistID	RegistID	N	Reference to Registration Instructions (o) message applicable to all Orders in this List.
433			ListExecInstType	ListExecInstType	N	Controls when execution should begin. For CIV Orders indicates order of execution.
69			ListExecInst	ListExecInst	N	Free-form text.
352			EncodedListExecInstLen	EncodedListExecInstLen	C	Must be set if EncodedListExecInst (353) field is specified and must immediately precede it.
353			EncodedListExecInst	EncodedListExecInst	C	Encoded (non-ASCII characters) representation of the ListExecInst (69) field in the encoded format specified via the MessageEncoding (347) field.
68			TotNoOrders	TotNoOrders	Y	Used to support fragmentation. Sum of NoOrders (73) across all messages with the same ListID (66) .
73			NoOrders	NoOrders	Y	Number of orders in this message (number of repeating groups to follow)
=>	11		ClOrdID	ClOrdID	Y	Must be the first field in the repeating group.
=>	526		SecondaryClOrdID	SecondaryClOrdID	N
=>	67		ListSeqNo	ListSeqNo	Y	Order number within the list
=>	583		ClOrdLinkID	ClOrdLinkID	N
=>	160		SettlInstMode	SettlInstMode	N
=>	<Parties>				N
=>	229		TradeOriginationDate	TradeOriginationDate	N
=>	1		Account	Account	N
=>	581		AccountType	AccountType	N
=>	589		DayBookingInst	DayBookingInst	N
=>	590		BookingUnit	BookingUnit	N
=>	591		PreallocMethod	PreallocMethod	N
=>	78		NoAllocs	NoAllocs	N	Indicates number of pre-trade allocation accounts to follow
=>	=>	79	AllocAccount	AllocAccount	C	Required if NoAllocs (78) > 0. Must be the first field in the repeating group.
=>	=>	467	IndividualAllocID	IndividualAllocID	N
=>	=>	<Nested Parties>			N
=>	=>	80	AllocQty	AllocQty	N
=>	63		SettlmntTyp	Settlement	N
=>	64		FutSettDate	FutSettDate	C	Takes precedence over SettlmntTyp (63) value and conditionally required/omitted for specific SettlmntTyp (63) values.
=>	544		CashMargin	CashMargin	N
=>	635		ClearingFeeIndicator	ClearingFeeIndicator	N
=>	21		HandlInst	HandInst	N
=>	18		ExecInst	ExecInst	N	Can contain multiple instructions, space delimited. If OrdType (40) =P, exactly one of the following values ( ExecInst (18) = L, R, M, P, O, T, or W) must be specified.
=>	110		MinQty	MinQty	N
=>	111		MaxFloor	MaxFloor	N
=>	100		ExDestination	ExDestination	N
=>	386		NoTradingSessions	NoTradingSessions	N
=>	=>	336	TradingSessionID	TradingSessionID	C	First field in repeating group. Required if NoTradingSessions (386) > 0.
=>	=>	625	TradingSessionSubID	TradingSessionSubID	N
=>	81		ProcessCode	ProcessCode	N
=>	<Instrument>				Y
=>	140		PrevClosePx	PrevClosePx	N	Useful for verifying security identification
=>	54		Side	Side	Y	Note: to indicate the side of SideValue1 (396) or SideValue2 (397) , specify Side (54) =Undisclosed and SideValueInd (401) =either the SideValue1 (396) or SideValue2 (397) indicator.
=>	401		SideValueInd	SideValueInd	N	Refers to the SideValue1 (396) or SideValue2 (397) . These are used as opposed to Buy or Sell so that the basket can be quoted either way as Buy or Sell.
=>	114		LocateReqd	LocateReqd	C	Required for short sell orders
=>	60		TransactTime	TransactTime	N
=>	<Stipulations>				N
=>	465		QuantityType	QuantityType	N
=>	<Order Qty Data>				Y
=>	40		OrdType	OrdType	N
=>	423		PriceType	PriceType	N
=>	44		Price	Price	C
=>	99		StopPx	StopPx	C
=>	<Spread Or Benchmark Curve Data>				N
=>	<Yield Data>				N
=>	15		Currency	Currency	N
=>	376		ComplianceID	ComplianceID	N
=>	377		SolicitedFlag	SolicitedFlag	N
=>	23		IOIid	IOI_ID	C	Required for Previously Indicated Orders ( OrdType (40) =E)
=>	117		QuoteID	QuoteID	C	Required for Previously Quoted Orders ( OrdType (40) =D)
=>	59		TimeInForce	OrderDuration	N
=>	168		EffectiveTime	EffectiveTime	N
=>	432		ExpireDate	ExpireDate	C	Conditionally required if TimeInForce (59) = GTD and ExpireTime (126) is not specified.
=>	126		ExpireTime	ExpireTime	C	Conditionally required if TimeInForce (59) = GTD and ExpireDate (432) is not specified.
=>	427		GTBookingInst	GTBookingInst	N	States whether executions are booked out or accumulated on a partially filled GT order.
=>	<Commission Data>				N
=>	528		OrderCapacity	OrderCapacity	N
=>	529		OrderRestrictions	OrderRestrictions	N
=>	582		CustOrderCapacity	CustOrderCapacity	N
=>	47		Rule80A	Rule80A	N	(deprecated)
=>	121		ForexReq	ForexReq	N
=>	120		SettlCurrency	SettlCurrency	N
=>	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.
=>	193		FutSettDate2	FutSettDate2	N	Can be used with OrdType (40) = "Forex - Swap" to specify the "value date" for the future portion of a F/X swap.
=>	192		OrderQty2	OrderQty2	N	Can be used with OrdType (40) = "Forex - Swap" to specify the order quantity for the future portion of a F/X swap.
=>	640		Price2	Price2	N	Can be used with OrdType (40) = "Forex - Swap" to specify the price for the future portion of a F/X swap which is also a limit order. For F/X orders, should be the "all-in" rate (spot rate adjusted for forward points).
=>	77		PositionEffect	PositionEffect	N
=>	203		CoveredOrUncovered	CoveredOrUncovered	N
=>	210		MaxShow	MaxShow	N
=>	211		PegDifference	PegDifference	N
=>	388		DiscretionInst	DiscretionInst	C	Code to identify the price a DiscretionOffset (389) is related to and should be mathematically added to. Required if DiscretionOffset (389) is specified.
=>	389		DiscretionOffset	DiscretionOffset	N	Amount (signed) added to the "related to" price specified via DiscretionInst (388) .
=>	494		Designation	Designation	N	Supplementary registration information for this Order within the List
=>	158		AccruedInterestRate	AccruedInterestRate	N	Can be specified on the order for Fixed Income Municipals
=>	159		AccruedInterestAmt	AccruedInterestAmt	N	Can be specified on the order for Fixed Income Municipals
=>	118		NetMoney	NetMoney	N	Can be specified on the order for Fixed Income Municipals
<Standard Message Trailer>					Y

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