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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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| FRAMES | NO FRAMES |