| FRAMES | NO FRAMES |
|
|
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.
Where multiple waves of a program trade are submitted by an institution or retail intermediaries, as a series of separate lists, to a broker ClOrdLinkID (583) may be used to link the orders together.
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 | @ClBidID | N | ||||
| 414 | ProgRptReqs | @ProgRptReqs | N | ||||
| 394 | BidType | @BidTyp | Y | e.g. Non Disclosed Model, Disclosed Model, No Bidding Process | |||
| 415 | ProgPeriodInterval | @ProgPeriodIntvl | N | ||||
| 480 | CancellationRights | @CxllationRights | N | For CIV - Optional | |||
| 481 | MoneyLaunderingStatus | @MnyLaunderingStat | N | ||||
| 513 | RegistID | @RegistID | N | Reference to Registration Instructions (o) message applicable to all Orders in this List. | |||
| 433 | ListExecInstType | @ListExecInstTyp | N | Controls when execution should begin. For CIV Orders indicates order of execution. | |||
| 69 | ListExecInst | @ListExecInst | N | Free-form text. | |||
| 352 | EncodedListExecInstLen | @EncListExecInstLen | C | Must be set if EncodedListExecInst (353) field is specified and must immediately precede it. | |||
| 353 | EncodedListExecInst | @EncListExecInst | C | Encoded (non-ASCII characters) representation of the ListExecInst (69) field in the encoded format specified via the MessageEncoding (347) field. | |||
| 765 | AllowableOneSidednessPct | @AOSPct | N | The maximum percentage that execution of one side of a program trade can exceed execution of the other. | |||
| 766 | AllowableOneSidednessValue | @AOSValu | N | The maximum amount that execution of one side of a program trade can exceed execution of the other. | |||
| 767 | AllowableOneSidednessCurr | @AOSCurr | N | The currency that AllowableOneSidedness is expressed in if AllowableOneSidednessValue (766) is used. | |||
| 68 | TotNoOrders | @TotNoOrds | Y | Used to support fragmentation. Sum of NoOrders (73) across all messages with the same ListID (66) . | |||
| 893 | LastFragment | @LastFragment | N | Indicates if this message is the last of a fragmented set of messages | |||
| 73 | NoOrders | Ord | 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 | @ClOrdID2 | N | |||
| => | 67 | ListSeqNo | @ListSeqNo | Y | Order number within the list | ||
| => | 583 | ClOrdLinkID | @ClOrdLinkID | N | |||
| => | 160 | SettlInstMode | @SettlInstMode | N | |||
| => | <Parties> | N | |||||
| => | 229 | TradeOriginationDate | @OrignDt | N | |||
| => | 75 | TradeDate | @TrdDt | N | |||
| => | 1 | Account | @Acct | N | |||
| => | 660 | AcctIDSource | @AcctIDSrc | N | |||
| => | 581 | AccountType | @AcctTyp | N | |||
| => | 589 | DayBookingInst | @DayBkngInst | N | |||
| => | 590 | BookingUnit | @BkngUnit | N | |||
| => | 70 | AllocID | @AllocID | N | Use to assign an ID to the block of individual preallocations | ||
| => | 591 | PreallocMethod | @PreallocMeth | N | |||
| => | 78 | NoAllocs | PreAll | N | Indicates number of pre-trade allocation accounts to follow | ||
| => | => | 79 | AllocAccount | @Acct | C | Required if NoAllocs (78) > 0. Must be the first field in the repeating group. | |
| => | => | 661 | AllocAcctIDSource | @ActIDSrc | N | ||
| => | => | 736 | AllocSettlCurrency | @AllocSettlCcy | N | ||
| => | => | 467 | IndividualAllocID | @IndAllocID | N | ||
| => | => | <Nested Parties> | N | ||||
| => | => | 80 | AllocQty | @Qty | N | ||
| => | 63 | SettlType | @SettlTyp | N | |||
| => | 64 | SettlDate | @SettlDt | C | Takes precedence over SettlType (63) value and conditionally required/omitted for specific SettlType (63) values. | ||
| => | 544 | CashMargin | @CshMgn | N | |||
| => | 635 | ClearingFeeIndicator | @ClrFeeInd | N | |||
| => | 21 | HandlInst | @HandlInst | 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 | @ExDest | N | |||
| => | 386 | NoTradingSessions | TrdSes | N | |||
| => | => | 336 | TradingSessionID | @SesID | C | First field in repeating group. Required if NoTradingSessions (386) > 0. | |
| => | => | 625 | TradingSessionSubID | @SesSub | N | ||
| => | 81 | ProcessCode | @ProcCode | N | |||
| => | <Instrument> | Y | |||||
| => | 711 | NoUnderlyings | Undly | N | Number of underlyings | ||
| => | => | <Underlying Instrument> | C | Must be provided if Number of underlyings > 0 | |||
| => | 140 | PrevClosePx | @PrevClsPx | N | Useful for verifying security identification | ||
| => | 54 | Side | @Side | Y | Note: to indicate the side of SideValue1 or SideValue2, specify Side (54) =Undisclosed and SideValueInd (401) =either the SideValue1 or SideValue2 indicator. | ||
| => | 401 | SideValueInd | @SideValuInd | N | Refers to the SideValue1 or SideValue2. These are used as opposed to Buy or Sell so that the basket can be quoted either way as Buy or Sell. | ||
| => | 114 | LocateReqd | @LocReqd | C | |||
| => | 60 | TransactTime | @TxnTm | N | |||
| => | <Stipulations> | N | |||||
| => | 854 | QtyType | @QtyTyp | N | |||
| => | <Order Qty Data> | Y | |||||
| => | 40 | OrdType | @OrdTyp | N | |||
| => | 423 | PriceType | @PxTyp | N | |||
| => | 44 | Price | @Px | C | |||
| => | 99 | StopPx | @StopPx | C | |||
| => | <Spread or Benchmark Curve Data> | N | |||||
| => | <Yield Data> | N | |||||
| => | 15 | Currency | @Ccy | N | |||
| => | 376 | ComplianceID | @ComplianceID | N | |||
| => | 377 | SolicitedFlag | @SolFlag | N | |||
| => | 23 | IOIid | @IOIID | C | Required for Previously Indicated Orders ( OrdType (40) =E) | ||
| => | 117 | QuoteID | @QID | C | Required for Previously Quoted Orders ( OrdType (40) =D) | ||
| => | 59 | TimeInForce | @TmInForce | N | |||
| => | 168 | EffectiveTime | @EfctvTm | N | |||
| => | 432 | ExpireDate | @ExpireDt | C | Conditionally required if TimeInForce (59) = GTD and ExpireTime (126) is not specified. | ||
| => | 126 | ExpireTime | @ExpireTm | C | Conditionally required if TimeInForce (59) = GTD and ExpireDate (432) is not specified. | ||
| => | 427 | GTBookingInst | @GTBkngInst | N | States whether executions are booked out or accumulated on a partially filled GT order. | ||
| => | <Commission Data> | N | |||||
| => | 528 | OrderCapacity | @Cpcty | N | |||
| => | 529 | OrderRestrictions | @Rstctions | N | |||
| => | 582 | CustOrderCapacity | @CustCpcty | N | |||
| => | 121 | ForexReq | @ForexReq | N | |||
| => | 120 | SettlCurrency | @SettlCcy | N | |||
| => | 775 | BookingType | @BkngTyp | N | Method for booking out this order. Used when notifying a broker that an order to be settled by that broker is to be booked out as an OTC derivative (e.g. CFD or similar). Absence of this field implies regular booking. | ||
| => | 58 | Text | @Txt | N | |||
| => | 354 | EncodedTextLen | @EncTxtLen | C | Must be set if EncodedText (355) field is specified and must immediately precede it. | ||
| => | 355 | EncodedText | @EncTxt | C | Encoded (non-ASCII characters) representation of the Text (58) field in the encoded format specified via the MessageEncoding (347) field. | ||
| => | 193 | SettDate2 | @SettlDt2 | 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 | @Qty2 | 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 | @Px2 | 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 | @PosEfct | N | |||
| => | 203 | CoveredOrUncovered | @Covered | N | |||
| => | 210 | MaxShow | @MaxShow | N | |||
| => | <Peg Instructions> | N | |||||
| => | <Discretion Instructions> | N | |||||
| => | 847 | TargetStrategy | @TgtStrategy | N | The target strategy of the order | ||
| => | 848 | TargetStrategyParameters | @TgtStrategyParameters | N | For further specification of the TargetStrategy (847) | ||
| => | 849 | ParticipationRate | @ParticipationRt | C | Mandatory for a TargetStrategy (847) =Participate order and specifies the target particpation rate. For other order types optionally specifies a volume limit (i.e. do not be more than this percent of the market volume) | ||
| => | 494 | Designation | @Designation | N | Supplementary registration information for this Order within the List | ||
| <Standard Message Trailer> | Y | ||||||
|
|
| FRAMES | NO FRAMES |