Used to enter an order in the system; the behavior of an order can be affected by many parameters such as order type and order type qualifier.
Bolded red text indicates this change supports EBS Market.
|44||Price||PRICENULL9||8||N||Price per share or contract. Conditionally required if the order type requires a price (not market orders).|
Number of shares or contracts ordered.
Security ID as defined in the market data Security Definition message.
|54||Side||SideReq||1||Y||Side of order.|
Sequence number assigned to this message.
The max value is 999999999 which is 1 short of 1 billion.
For futures and options markets: represents Operator ID.
For EBS and fixed income markets: represents the Entering Trader. For EBS this value must be 3 characters.
This value represents the individual or team submitting the message and is subject to registration requirements and character limits as required by Rule 576 and the Advisory below:
Unique identifier for Order as assigned by client system. Uniqueness must be guaranteed within a single trading day.
Firms, particularly those which electronically submit multi-day orders, trade globally, or throughout market close periods, should ensure uniqueness across days.
The unique identifier of the Party Details Definition Request Acknowledgment associated with this message; this is the value submitted on the inbound message.
For pre-registered messages:
For on-demand messages:
OrderRequestID used to identify a request to enter, modify, or delete an order. Echoed back on the Execution Report.
|5297||SendingTimeEpoch||uInt64||8||Y||Time when the message is sent. 64-bit integer expressing the number of nanoseconds since midnight January 1, 1970.|
|99||StopPx||PRICENULL9||8||N||The stop price of a stop limit or stop protect order (conditionally required if tag 40-OrdType=3 or 4).|
ISO identifier of the physical location of the individual or team head trader identified by the tag 5392 (SenderID) in the message.
The first two bytes as per ISO 3166-1, identify the country (e.g., JP = Japan, CN = China).
The next three bytes indicate a comma-delimited state or province code (e.g., CA = California, QC = Quebec).
For valid values, refer to ftp.cmegroup.com/fix/coo.
Market Regulation requires only the submission of the two first characters of tag 9537-Location for all countries with the exception of Canada. For Canada, the 5 bytes including the province code must be submitted.
Note: this field is optional for EBS Market and eFIX Matching Service instruments.
Minimum quantity of an order for immediate execution.
The value of MinQty must be between 1 and the value in tag 38-OrderQty.
If set to 0 or default null value then it means that minimum quantity is n.
If the quantity present in tag 110 cannot be immediately executed, the entire order is eliminated.
The quantity to be displayed. Required for display quantity orders.
Note: on orders, this value specifies the qty to be displayed; on Execution Reports this value indicates the currently displayed quantity.
Date of order expiration (last day the order can trade), always expressed in terms of the local market date. Applicable only to GTD orders, which expire at the end of the trading session specified.
Sent in number of days since Unix epoch.
Specifies how long the order remains in effect
FOK is only for BrokerTec and EBS
GFS is only for EBS
Indicates if the message was initially received manually.
'0' indicates the message was generated by automated trading logic.
iLink messages containing a value other than '0' or '1' in this tag will be rejected.
This tag is subject to Rule 536.B.2 Electronic Audit Trail Requirements for Electronic Order Routing/Front-End Systems.
Instructions for order handling for fixed income markets.
Only Best may be applied to resting and aggressing orders and:
Not Held (applies only to US Repo) eliminates quantity remaining from an FaKi order (tag 59=3) and ensures it will it not be included in a work-up session; however, the order can still trigger a work-up session.
AONs will have a separate book with a separate ISIN. The AON orders that cannot trade immediately can rest in the AON book. They can only trade with AON orders on the other side of the AON book that have the SAME PRICE and SAME QUANTITY.
Applicable only for BrokerTec Markets;
New orders submitted with tag 18 instructions for futures and options markets will be rejected with 35=j, except:
Instruction for whether the order should rest on the book upon entry or match as an aggressor.
A Passive Order will rest in the market without executing unless matched with an Aggressive Order on the other side.
An Aggressive Order will match against any other order on the opposite side.
Applicable for US & EU Repos.
New Orders submitted with tag 5906 = P will be rejected for Non-Repo fixed income, EBS, and futures and options markets
Indicates if an order was submitted for market making obligation as required for MIFID.
Applicable only for EU BrokerTec and EBS MiFID.
Boolean: flags a managed order.
Applicable only to Repo fixed income markets.
New Orders submitted with tag 6881 = 1 will be rejected for futures and options markets.
Indicates the type of short sale on Sell orders only as required for MiFID.
Should not be used for Buy orders.
Applicable only for EU fixed income markets.
The Short-Selling Field is only required from Participants when BrokerTec EU has a regulatory obligation (pursuant to Article 26(5) of MiFIR) to conduct transaction reporting on behalf of the Participant. This obligation only applies to BrokerTec EU when the relevant participant is exempt from MiFIR (typically non-EEA (European Economic Area) firms, corporate entities or certain asset managers). Please reach out to TradingVenueCompliance@cmegroup.com for guidance.
The discretion price of an order. Conditionally required if the trader wishes to display one price but will accept trades at another price)
Applicable only for EBS.