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

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

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