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

The NewOrderList 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 "Program/Basket/List Trading" for examples.

The New Order List 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"

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.
1385			ContingencyType	@ContingencyType	N	Used for contingency orders.
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.
893			LastFragment	@LastFragment	N	Indicates whether this is the last fragment in a sequence of message fragments. Only required where message has been fragmented.
<RootParties>					N	Insert here the set of "Root Parties" fields defined in "common components of application messages" Used for acting parties that applies to the whole message, not individual orders.
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	Insert here the set of "Parties" (firm identification) fields defined in "Common Components of Application Messages".
=>	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	Number of repeating groups for pre-trade allocation
=>	=>	79	AllocAccount	@Acct	C	Required if NoAllocs (78) > 0. Must be first field in repeating group.
=>	=>	661	AllocAcctIDSource	@ActIDSrc	N
=>	=>	736	AllocSettlCurrency	@AllocSettlCcy	N
=>	=>	467	IndividualAllocID	@IndAllocID	N
=>	=>	<NestedParties>			N	Insert here the set of "Nested Parties" (firm identification "nested" within additional repeating group) fields defined in "Common Components of Application Messages". Used for NestedPartyRole=Clearing Firm
=>	=>	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=P, exactly one of the following values (ExecInst = L, R, M, P, O, T, or W) must be specified.
=>	110		MinQty	@MinQty	N
=>	1089		MatchIncrement	@MtchInc	N
=>	1090		MaxPriceLevels	@MxPxLvls	N
=>	<DisplayInstruction>				N	Insert here the set of "DisplayInstruction" fields defined in "common components of application messages".
=>	111		MaxFloor	@MaxFloor	N
=>	100		ExDestination	@ExDest	N
=>	1133		ExDestinationIDSource	@ExDestIDSrc	N
=>	386		NoTradingSessions	TrdSes	N	Specifies the number of repeating TradingSessionIDs
=>	=>	336	TradingSessionID	@SesID	C	Required if NoTradingSessions (386) is > 0.
=>	=>	625	TradingSessionSubID	@SesSub	N
=>	81		ProcessCode	@ProcCode	N
=>	<Instrument>				Y	Insert here the set of "Instrument" fields defined in "Common Components of Application Messages".
=>	711		NoUnderlyings		N	Number of underlyings
=>	=>	<UnderlyingInstrument>			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 (396) or SideValue2, specify Side=Undisclosed and SideValueInd=either the SideValue1 (396) or SideValue2 (397) indicator.
=>	401		SideValueInd	@SideValuInd	N	Refers to the SideValue1 (396) 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	Required for short sell orders
=>	60		TransactTime	@TxnTm	N
=>	<Stipulations>				N	Insert here the set of "Stipulations" (repeating group of Fixed Income stipulations) fields defined in "Common Components of Application Messages"
=>	854		QtyType	@QtyTyp	N
=>	<OrderQtyData>				Y	Insert here the set of "OrderQtyData" fields defined in "Common Components of Application Messages".
=>	40		OrdType	@OrdTyp	N
=>	423		PriceType	@PxTyp	N
=>	44		Price	@Px	C
=>	1092		PriceProtectionScope	@PxPrtScp	N
=>	99		StopPx	@StopPx	C
=>	<TriggeringInstruction>				N	Insert here the set of "TriggeringInstruction" fields defined in "common components of application messages".
=>	<SpreadOrBenchmarkCurveData>				N	Insert here the set of "SpreadOrBenchmarkCurveData" (Fixed Income spread or benchmark curve) fields defined in "Common Components of Application Messages".
=>	<YieldData>				N	Insert here the set of "YieldData" (yield-related) fields defined in "Common Components of Application Messages".
=>	15		Currency	@Ccy	N
=>	376		ComplianceID	@ComplianceID	N
=>	377		SolicitedFlag	@SolFlag	N
=>	23		IOIID	@IOIID	C	Required for Previously Indicated Orders (OrdType=E)
=>	117		QuoteID	@QID	C	Required for Previously Quoted Orders (OrdType=D)
=>	1080		RefOrderID	@RefOrdID	C	Required for counter-order selection / Hit / Take Orders (OrdType = Q)
=>	1081		RefOrderIDSource	@RefOrdIDSrc	C	Conditionally required if RefOrderID (1080) is specified.
=>	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
=>	<CommissionData>				N	Insert here the set of "CommissionData" fields defined in "Common Components of Application Messages".
=>	528		OrderCapacity	@Cpcty	N
=>	529		OrderRestrictions	@Rstctions	N
=>	1091		PreTradeAnonymity	@PrTrdAnon	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		SettlDate2	@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
=>	<PegInstructions>				N	Insert here the set of "PegInstruction" fields defined in "Common Components of Application Messages".
=>	<DiscretionInstructions>				N	Insert here the set of "DiscretionInstruction" fields defined in "Common Components of Application Messages".
=>	847		TargetStrategy	@TgtStrategy	N	The target strategy of the order
=>	957		NoStrategyParameters	StrpPrmGrp	N	Indicates number of strategy parameters
=>	=>	958	StrategyParameterName	@StrtPrmNme	C	Name of parameter
=>	=>	959	StrategyParameterType	@StrtPrmTyp	N	Datatype of the parameter.
=>	=>	960	StrategyParameterValue	@StrtPrmVal	N	Value of the parameter
=>	848		TargetStrategyParameters	@TgtStrategyParameters	N	(Deprecated in FIX 5.0).For further specification of the TargetStrategy.
=>	849		ParticipationRate	@ParticipationRt	C	(Deprecated in FIX 5.0). Mandatory for a TargetStrategy = 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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