Description
The list status message is issued as the response to a List Status Request message sent in an unsolicited fashion by the sell-side. It indicates the current state of the orders within the list as they exist at the broker's site. This message may also be used to respond to the List Cancel Request.
Orders within the list are statused at the summary level. Individual executions are not reported, rather, the current state of the order is reported.
The message contains repeating fields for each. The relative position of the repeating fields is important in this message, i.e. each instance of ClOrdID <11>, CumQty <14>, LeavesQty <151>, CxlQty <84> and AvgPx <6> must be in the order shown below.
Description of ListOrderStatus <431> field values:
- "InBiddingProcess": indicates that a list has been received and is being evaluated for pricing. It is envisaged that this status will only be used with the "Disclosed" List Order Trading model.
- "ReceivedForExecution": indicates that a list has been received and the sell side is awaiting the instruction to start working the trade. It is envisaged that this status will be used under both models.
- "Executing": indicates that a list has been received and the sell side is working it.
- "Canceling": indicates that a List Cancel Message has been received and the sell side is in the process of pulling any orders that were being worked. The status of individual order can be found out from the detail repeating group.
- "AllDone": indicates that a list has been executed as far as possible for the day. This would also apply if a list has been previously cancelled. The status of individual order can be determined from the detail repeating group.
- "Alert": used whenever any of the individual orders have a status that requires something to be done. For instance, an alert would be used when a buy-side firm has submitted a list that has individual stock reject that have not been addressed.
- "Rejected" used when a response cannot be generated. For example when the ListID <66> is not recognised. The text field should include an explanation of why the Request s been rejected.
Structure
| Tag | Field Name | Req'd | Comments | |
|---|---|---|---|---|
| Component Block - <StandardHeader> | Y | MsgType <35> = N | ||
| 66 | ListID | Y | ||
| 429 | ListStatusType | Y | ||
| 82 | NoRpts | Y | Total number of messages required to status complete list. | |
| 431 | ListOrderStatus | Y | ||
| 1385 | ContingencyType | N | ||
| 1386 | ListRejectReason | N | ||
| 83 | RptSeq | Y | Sequence number of this report message. | |
| 444 | ListStatusText | N | ||
| 445 | EncodedListStatusTextLen | N | Must be set if EncodedListStatusText field is specified and must immediately precede it. | |
| 446 | EncodedListStatusText | N | Encoded (non-ASCII characters) representation of the ListStatusText field in the encoded format specified via the MessageEncoding field. | |
| 60 | TransactTime | N | ||
| 68 | TotNoOrders | Y | Used to support fragmentation. Sum of NoOrders across all messages with the same ListID. | |
| 893 | LastFragment | N | Indicates whether this is the last fragment in a sequence of message fragments. Only required where message has been fragmented. | |
| Component Block - <OrdListStatGrp> | Y | Number of orders statused in this message, i.e. number of repeating groups to follow. | ||
| Component Block - <StandardTrailer> | Y | |||