New Order - List  (MsgType = E)

The New Order - List (E) message type is used by institutions wishing to electronically submit lists of related orders to a broker for execution.

The New Order List (E) is intended for use in staging lists to be executed by the broker. If the institution wishes to work a list using the broker's execution services the orders should be submitted as individual New Order - Single (D) 's.

After staging, the list can be operated on in the following ways:

Execute
The broker can be instructed to release the list for execution by sending the List-Execute (L) message.
Cancel
After the list has been staged with the broker, it can be canceled via the submission of the List Cancel (K) message. If the list has not yet been submitted for execution, the List Cancel (K) message will instruct the broker not to execute it, if the list is being executed, the List Cancel (K) message should trigger the broker's system to generate cancel requests for the remaining quantities of each order within the list. Individual orders within the list can be canceled via the Order Cancel Request (F) message.
Status
A status of the list can be requested via the submission of the List-Status Request (M) message. The broker will respond with one or more List-Status (N) messages which will report executed quantity, canceled quantity and average price for each order in the list.
Replace
Individual orders within the list can be replaced via Order Cancel/Replace Request (G) messages.

Executions against orders within the list will not normally be reported as they occur. (If this feature is desired the institution and broker should arrange for this reporting as a custom feature using the Execution (8) message.) Executions against the list will be reported within the List-Status (N) message.


Tag Field Name Req'd Comments
<Standard Message Header> Y MsgType = E
66 ListID Y Must be unique, by customer, for the day
105 WaveNo N
67 ListSeqNo Y
68 ListNoOrds Y
69 ListExecInst N Include only in ListSeqNo (67) = 1 message
11 ClOrdID Y
109 ClientID N Used for third-party transactions
76 ExecBroker N Used for third-party transactions
1 Account N
63 SettlmntTyp N Absence of this field is interpreted as Regular.
64 FutSettDate C Required when SettlmntTyp (63) = 6 (Future) or SettlmntTyp (63) = 8 (Sellers Option)
21 HandlInst Y
18 ExecInst N Can contain multiple instructions, space delimited.
110 MinQty N
111 MaxFloor N
100 ExDestination N
81 ProcessCode N
55 Symbol Y
65 SymbolSfx N
48 SecurityID N
22 IDSource N
106 Issuer N
107 SecurityDesc N
140 PrevClosePx N Useful for verifying security identification
54 Side Y
114 LocateReqd C Required for short sell orders
38 OrderQty Y
40 OrdType Y
44 Price C Required for limit OrdTypes
99 StopPx C Required for stop OrdTypes
15 Currency N Message without currency field is interpreted as US dollars
59 TimeInForce N Absence of this field indicates Day order
126 ExpireTime C Required in TimeInForce (59) = GTD
12 Commission N
13 CommType N
47 Rule80A N
121 ForexReq N Indicates that broker is requested to execute a Forex accommodation trade in conjunction with the security trade.
120 SettlCurrency C Required if ForexReq (121) = Y.
58 Text N
<Standard Message Trailer> Y