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 | Req'd | Comments | ||
|---|---|---|---|---|---|
| <Standard Message Header> | Y | MsgType = E |
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| 66 | ListID | Y | Must be unique, by customer, for the day |
||
| 390 | BidID | N | Should refer to an earlier program if bidding took place. |
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| 391 | ClientBidID | N | |||
| 414 | ProgRptReqs | N | |||
| 394 | BidType | Y | e.g. Non Disclosed Model, Disclosed Model, No Bidding Process |
||
| 415 | ProgPeriodInterval | N | |||
| 480 | CancellationRights | N | For CIV - Optional |
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| 481 | MoneyLaunderingStatus | N | |||
| 513 | RegistID | N | Reference to Registration Instructions (o) message applicable to all Orders in this List. |
||
| 433 | ListExecInstType | N | Controls when execution should begin For CIV Orders indicates order of execution.. |
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| 69 | ListExecInst | N | Free-form text. |
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| 352 | EncodedListExecInstLen | N | Must be set if EncodedListExecInst (353) field is specified and must immediately precede it. |
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| 353 | EncodedListExecInst | N | Encoded (non-ASCII characters) representation of the ListExecInst (69) field in the encoded format specified via the MessageEncoding (347) field. |
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| 765 | AllowableOneSidednessPct | N | The maximum percentage that execution of one side of a program trade can exceed execution of the other. |
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| 766 | AllowableOneSidednessValue | N | The maximum amount that execution of one side of a program trade can exceed execution of the other. |
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| 767 | AllowableOneSidednessCurr | N | The currency that AllowableOneSidedness is expressed in if AllowableOneSidednessValue (766) is used. |
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| 68 | TotNoOrders | Y | Used to support fragmentation. Sum of NoOrders (73) across all messages with the same ListID. |
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| 893 | LastFragment | N | Indicates whether this is the last fragment in a sequence of message fragments. Only required where message has been fragmented. |
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| Component Block - <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 | Y | Number of orders in this message (number of repeating groups to follow) |
||
| => | 11 | ClOrdID | Y | Must be the first field in the repeating group. |
|
| => | 526 | SecondaryClOrdID | N | ||
| => | 67 | ListSeqNo | Y | Order number within the list |
|
| => | 583 | ClOrdLinkID | N | ||
| => | 160 | SettlInstMode | N | ||
| => | Component Block - <Parties> | N | "Insert here the set of "Parties" (firm identification) fields defined in "Common Components of Application Messages"" |
||
| => | 229 | TradeOriginationDate | N | ||
| => | 75 | TradeDate | N | ||
| => | 1 | Account | N | ||
| => | 660 | AcctIDSource | N | ||
| => | 581 | AccountType | N | ||
| => | 589 | DayBookingInst | N | ||
| => | 590 | BookingUnit | N | ||
| => | 70 | AllocID | N | Use to assign an ID to the block of individual preallocations |
|
| => | 591 | PreallocMethod | N | ||
| => | 78 | NoAllocs | N | Number of repeating groups for pre-trade allocation |
|
| => | => | 79 | AllocAccount | N | Required if NoAllocs (78) > 0. Must be first field in repeating group. |
| => | => | 661 | AllocAcctIDSource | N | |
| => | => | 736 | AllocSettlCurrency | N | |
| => | => | 467 | IndividualAllocID | N | |
| => | => | Component Block - <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 | N | |
| => | => | 63 | SettlType | N | |
| => | 64 | SettlDate | N | Takes precedence over SettlType (63) value and conditionally required/omitted for specific SettlType (63) values. |
|
| => | 544 | CashMargin | N | ||
| => | 635 | ClearingFeeIndicator | N | ||
| => | 21 | HandlInst | N | ||
| => | 18 | 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 | N | ||
| => | 1089 | MatchIncrement | N | ||
| => | 1090 | MaxPriceLevels | N | ||
| => | Component Block - <DisplayInstruction> | N | "Insert here the set of "DisplayInstruction" fields defined in "common components of application messages"" |
||
| => | 111 | MaxFloor | N | ||
| => | 100 | ExDestination | N | ||
| => | 1133 | ExDestinationIDSource | N | ||
| => | 386 | NoTradingSessions | N | Specifies the number of repeating TradingSessionIDs |
|
| => | => | 336 | TradingSessionID | N | Required if NoTradingSessions (386) is > 0. |
| => | => | 625 | TradingSessionSubID | N | |
| => | => | 81 | ProcessCode | N | |
| => | Component Block - <Instrument> | Y | "Insert here the set of "Instrument" (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 |
|
| => | => | 140 | PrevClosePx | N | Useful for verifying security identification |
| => | 54 | 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 | 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 | N | Required for short sell orders |
|
| => | 60 | TransactTime | N | ||
| => | Component Block - <Stipulations> | N | "Insert here the set of "Stipulations" (repeating group of Fixed Income stipulations) fields defined in "Common Components
of Application Messages"" |
||
| => | 854 | QtyType | N | ||
| => | Component Block - <OrderQtyData> | Y | "Insert here the set of "OrderQtyData" fields defined in "Common Components of Application Messages"" |
||
| => | 40 | OrdType | N | ||
| => | 423 | PriceType | N | ||
| => | 44 | Price | N | ||
| => | 1092 | PriceProtectionScope | N | ||
| => | 99 | StopPx | N | ||
| => | Component Block - <TriggeringInstruction> | N | "Insert here the set of "TriggeringInstruction" fields defined in "common components of application messages"" |
||
| => | 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 | "Insert here the set of "YieldData" (yield-related) fields defined in "Common Components of Application Messages"" |
||
| => | 15 | Currency | N | ||
| => | 376 | ComplianceID | N | ||
| => | 377 | SolicitedFlag | N | ||
| => | 23 | IOIID | N | Required for Previously Indicated Orders (OrdType=E) |
|
| => | 117 | QuoteID | N | Required for Previously Quoted Orders (OrdType=D) |
|
| => | 1080 | RefOrderID | N | Required for counter-order selection / Hit / Take Orders (OrdType = Q) |
|
| => | 1081 | RefOrderIDSource | N | Conditionally required if RefOrderID (1080) is specified. |
|
| => | 59 | TimeInForce | N | ||
| => | 168 | EffectiveTime | N | ||
| => | 432 | ExpireDate | N | Conditionally required if TimeInForce (59) = GTD and ExpireTime (126) is not specified. |
|
| => | 126 | ExpireTime | N | Conditionally required if TimeInForce (59) = GTD and ExpireDate (432) is not specified. |
|
| => | 427 | GTBookingInst | N | States whether executions are booked out or accumulated on a partially filled GT order |
|
| => | Component Block - <CommissionData> | N | "Insert here the set of "CommissionData" fields defined in "Common Components of Application Messages"" |
||
| => | 528 | OrderCapacity | N | ||
| => | 529 | OrderRestrictions | N | ||
| => | 1091 | PreTradeAnonymity | N | ||
| => | 582 | CustOrderCapacity | N | ||
| => | 121 | ForexReq | N | ||
| => | 120 | SettlCurrency | N | ||
| => | 775 | BookingType | 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 | 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. |
|
| => | 193 | SettlDate2 | 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 | 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 | 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 | N | ||
| => | 203 | CoveredOrUncovered | N | ||
| => | 210 | MaxShow | N | ||
| => | Component Block - <PegInstructions> | N | "Insert here the set of "PegInstruction" fields defined in "Common Components of Application Messages"" |
||
| => | Component Block - <DiscretionInstructions> | N | "Insert here the set of "DiscretionInstruction" fields defined in "Common Components of Application Messages"" |
||
| => | 847 | TargetStrategy | N | The target strategy of the order |
|
| => | 957 | NoStrategyParameters | N | Indicates number of strategy parameters |
|
| => | => | 958 | StrategyParameterName | N | Name of parameter |
| => | => | 959 | StrategyParameterType | N | Datatype of the parameter. |
| => | => | 960 | StrategyParameterValue | N | Value of the parameter |
| => | => | 848 | TargetStrategyParameters | N | For further specification of the TargetStrategy |
| => | 849 | ParticipationRate | N | 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 | N | Supplementary registration information for this Order within the List |
|
| <Standard Message Trailer> | Y | ||||