Type: MultipleCharValue

Instructions for order handling on exchange trading floor. If more than one instruction is applicable to an order, this field can contain multiple instructions separated by space. *** SOME VALUES HAVE BEEN REPLACED – See "Replaced Features and Supported Approach" *** (see Volume : "Glossary" for value definitions)

Added in protocol FIX.2.7

See in: FIX.4.0, FIX.4.1, FIX.4.2, FIX.4.3, FIX.4.4, FIX.5.0, FIX.5.0SP2, FIX.5.0SP2 EP240.

Valid values

Value Description Added
0 Stay on offer side FIX.2.7
1 Not held FIX.2.7
2 Work FIX.2.7
3 Go along FIX.2.7
4 Over the day FIX.2.7
5 Held FIX.2.7
6 Participate don’t initiate FIX.2.7
7 Strict scale FIX.2.7
8 Try to scale FIX.2.7
9 Stay on bid side FIX.2.7
A No cross (cross is forbidden) FIX.2.7
B OK to cross FIX.2.7
C Call first FIX.2.7
D Percent of volume (indicates that the sender does not want to be all of the volume on the floor vs. a specific percentage) FIX.2.7
E Do not increase – DNI FIX.2.7
F Do not reduce – DNR FIX.2.7
G All or none – AON FIX.2.7
H Reinstate on system failure (mutually exclusive with Q and l) FIX.4.3
I Institutions only FIX.3.0
J Reinstate on Trading Halt (mutually exclusive with K and m) FIX.4.3
K Cancel on Trading Halt (mutually exclusive with J and m) FIX.4.3
L Last peg (last sale) FIX.3.0
M Mid-price peg (midprice of inside quote) FIX.3.0
N Non-negotiable FIX.3.0
O Opening peg FIX.3.0
P Market peg FIX.3.0
Q Cancel on system failure (mutually exclusive with H and l) FIX.4.3
R Primary peg (primary market – buy at bid/sell at offer) FIX.3.0
S Suspend FIX.3.0
T Fixed Peg to Local best bid or offer at time of order FIX.4.4 (EP 35)
U Customer Display Instruction (Rule 11Ac1-1/4) FIX.4.1
V Netting (for Forex) FIX.4.1
W Peg to VWAP FIX.4.2
X Trade Along FIX.4.3
Y Try To Stop FIX.4.3
Z Cancel if not best FIX.4.4
a Trailing Stop Peg FIX.4.4
b Strict Limit (No price improvement) FIX.4.4
c Ignore Price Validity Checks FIX.4.4
d Peg to Limit Price FIX.4.4
e Work to Target Strategy FIX.4.4
f Intermarket Sweep FIX.4.4 (EP 6)
g External Routing Allowed FIX.4.4 (EP 14)
h External Routing Not Allowed FIX.4.4 (EP 14)
i Imbalance Only FIX.4.4 (EP 22)
j Single execution requested for block trade FIX.4.4 (EP 6)
k Best Execution FIX.4.4 (EP 35)
l Suspend on system failure (mutually exclusive with H and Q) FIX.5.0 (EP 58)
m Suspend on Trading Halt (mutually exclusive with J and K) FIX.5.0 (EP 58)
n Reinstate on connection loss (mutually exclusive with o and p) FIX.5.0 (EP 58)
o Cancel on connection loss (mutually exclusive with n and p) FIX.5.0 (EP 58)
p Suspend on connection loss (mutually exclusive with n and o) FIX.5.0 (EP 58)
q Release from suspension (mutually exclusive with S) FIX.5.0 (EP 58)
r Execute as delta neutral using volatility provided FIX.5.0 (EP 59)
s Execute as duration neutral FIX.5.0 (EP 59)
t Execute as FX neutral FIX.5.0 (EP 59)