Indications of Interest  (MsgType = 6)

Indication of interest messages are used to market merchandise which the broker is buying or selling in either a proprietary or agency capacity. The indications can be time bound with a specific expiration value. Indications are distributed with the understanding that other firms may react to the message first and that the merchandise may no longer be available due to prior trade.

"Indication messages can be transmitted in various transaction types; NEW, CANCEL, and REPLACE. All message types other than NEW modify the state of the message identified in IOIRefID. "


Tag Field Name Req'd Comments
<Standard Message Header> Y MsgType = 6
23 IOIID Y
28 IOITransType Y
26 IOIRefID N Required for Cancel and Replace IOITransType (28) messages
Component Block - <Instrument> Y "Insert here the set of "Instrument" (symbology) fields defined in "Common Components of Application Messages""
Component Block - <Parties> N "Insert here the set of "Parties" (firm identification) fields defined in "Common Components of Application Messages"."
Component Block - <FinancingDetails> N "Insert here the set of "FinancingDetails" (symbology) fields defined in "Common Components of Application Messages""
711 NoUnderlyings N Number of underlyings
=> Component Block - <UnderlyingInstrument> N Must be provided if Number of underlyings > 0
54 Side Y Side of Indication Valid values: 1 = Buy 2 = Sell 7 = Undisclosed (for IOIs) B = As Defined (for multilegs) C = Opposite (for multilegs)
854 QtyType N
Component Block - <OrderQtyData> N "Insert here the set of "Instrument" (symbology) fields defined in "Common Components of Application Messages"" The value zero is used if NoLegs (555) repeating group is used Applicable if needed to express CashOrder Qty (tag 152)
27 IOIQty Y The value zero is used if NoLegs (555) repeating group is used
15 Currency N
Component Block - <Stipulations> N "Insert here the set of "Stipulations" (symbology) fields defined in "Common Components of Application Messages""
555 NoLegs N Required for multileg IOIs
=> Component Block - <InstrumentLeg> N Required for multileg IOIs For Swaps one leg is Buy and other leg is Sell
=> 682 LegIOIQty N Required for multileg IOIs and for each leg.
=> Component Block - <LegStipulations> N
423 PriceType N
44 Price N
62 ValidUntilTime N
25 IOIQltyInd N
130 IOINaturalFlag N
199 NoIOIQualifiers N Required if any IOIQualifiers are specified. Indicates the number of repeating IOIQualifiers.
=> 104 IOIQualifier N Required if NoIOIQualifiers (199) > 0
58 Text N
354 EncodedTextLen N Must be set if EncodedText (355) field is specified and must immediately precede it.
355 EncodedText N Encoded (non-ASCII characters) representation of the Text (58) field in the encoded format specified via the MessageEncoding (347) field.
60 TransactTime N
149 URLLink N A URL (Uniform Resource Locator) link to additional information (i.e. http://www.XYZ.com/research.html)
215 NoRoutingIDs N Required if any RoutingType (216) and RoutingIDs are specified. Indicates the number within repeating group.
=> 216 RoutingType N Indicates type of RoutingID. Required if NoRoutingIDs (215) is > 0.
=> 217 RoutingID N Identifies routing destination. Required if NoRoutingIDs (215) is > 0.
Component Block - <SpreadOrBenchmarkCurveData> N "Insert here the set of "SpreadOrBenchmarkCurveData" (Fixed Income spread or benchmark curve) fields defined in "Common Components of Application Messages""
Component Block - <YieldData> N
<Standard Message Trailer> Y