Description
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 <26>.
Structure
| Tag | Field Name | Req'd | Comments | |
|---|---|---|---|---|
| Component Block - <StandardHeader> | Y | MsgType <35> = 6 | ||
| Component Block - <ApplicationSequenceControl> | N | |||
| 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 | ||
| Component Block - <InstrumentExtension> | N | |||
| Component Block - <Parties> | N | Insert here the set of <Parties> (firm identification) fields | ||
| Component Block - <FinancingDetails> | N | Insert here the set of <FinancingDetails> fields | ||
| Component Block - <UndInstrmtGrp> | N | Number of underlyings | ||
| Component Block - <RelatedInstrumentGrp> | N | |||
| 54 | Side | Y |
Side of Indication Valid subset of 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 <OrderQtyData> fields The value zero is used if NoLegs <555> repeating group is used Applicable if needed to express CashOrderQty <152> |
||
| 27 | IOIQty | Y | The value zero is used if NoLegs <555> repeating group is used | |
| 15 | Currency | N | ||
| 2897 | CurrencyCodeSource | N | ||
| Component Block - <Stipulations> | N | Insert here the set of <Stipulations> fields | ||
| Component Block - <InstrmtLegIOIGrp> | N | Required for multileg IOIs | ||
| 423 | PriceType | N | ||
| Component Block - <PriceQualifierGrp> | N | |||
| 44 | Price | N | ||
| 62 | ValidUntilTime | N | ||
| 25 | IOIQltyInd | N | ||
| 130 | IOINaturalFlag | N | ||
| Component Block - <IOIQualGrp> | N | Required if any IOIQualifier are specified. Indicates the number of repeating IOIQualifiers. | ||
| 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. https://en.wikipedia.org/wiki/URL) | |
| Component Block - <RoutingGrp> | N | Required if any RoutingType <216> and RoutingID <217> are specified. Indicates the number within repeating group. | ||
| Component Block - <SpreadOrBenchmarkCurveData> | N | Insert here the set of <SpreadOrBenchmarkCurveData> (Fixed Income spread or benchmark curve) fields | ||
| Component Block - <RelativeValueGrp> | N | |||
| Component Block - <YieldData> | N | |||
| Component Block - <StandardTrailer> | Y | |||