OrdType <40> field

Description

Order type.

Valid values:

• 1 = Market
• 2 = Limit
• 3 = Stop / Stop Loss

  A stop order that is triggered as a result of a trade in the market at which point the stopped order becomes a market order.

• 4 = Stop Limit

  A stop limit order that is triggered as a result of a trade in the market at which point the stopped order becomes a limit order.

• 5 = Market On Close (No longer used) (Deprecated in FIX 4.3)
• 6 = With Or Without
• 7 = Limit Or Better
• 8 = Limit With Or Without
• 9 = On Basis
• A = On Close (No longer used)
• B = Limit On Close (No longer used)
• C = Forex Market (No longer used)
• D = Previously Quoted
• E = Previously Indicated
• F = Forex Limit (No longer used)
• G = Forex Swap
• H = Forex Previously Quoted (No longer used)
• I = Funari (Limit day order with unexecuted portion handles as Market On Close. E.g. Japan)
• J = Market If Touched (MIT)
• K = Market With Left Over as Limit (market order with unexecuted quantity becoming limit order at last price)
• L = Previous Fund Valuation Point (Historic pricing; for CIV)
• M = Next Fund Valuation Point (Forward pricing; for CIV)
• P = Pegged
• Q = Counter-Order Selection
• R = Stop on Bid or Offer

  A stop order that is triggered by a bid or offer price movement (quote) at which point the stopped order becomes a market order, also known as "stop on quote" in some markets (e.g. US markets). In the US equities market it is common to trigger a stop off the National Best Bid or Offer (NBBO).

• S = Stop Limit on Bid or Offer

  A stop order that is triggered by a bid or offer price movement (quote) at which point the stopped order becomes a limit order, also known as "stop limit on quote" in some markets (e.g. US markets). In the US equities market it is common to trigger a stop off the National Best Bid or Offer (NBBO).

*** SOME VALUES ARE NO LONGER USED - See:
" Appendix 6-F: 11. Removed Deprecated "On Close"-related Values for OrdType Field [Deprecated in FIX 4.3, Removed in FIX 4.4]" and
" Appendix 6-F: 14. Removed three Deprecated "Forex - "-related Values for OrdType Field [Deprecated and Replaced in FIX 4.3, Removed in FIX 4.4]" ***

Used In

• <ListOrdGrp>
• <MDFullGrp>
• <MDIncGrp>
• <MDStatisticParameters>
• <OrdAllocGrp>
• <OrderEntryAckGrp>
• <OrderEntryGrp>
• <OrdTypeRules>
• <QuotEntryAckGrp>
• <QuotEntryGrp>
• <QuotReqGrp>
• <QuotReqRjctGrp>
• <TradeReportOrderDetail>
• ExecutionReport <8>
• NewOrderMultileg <AB>
• MultilegOrderCancelReplace <AC>
• QuoteStatusReport <AI>
• QuoteResponse <AJ>
• NewOrderSingle <D>
• OrderCancelReplaceRequest <G>
• Quote <S>
• NewOrderCross <s>
• CrossOrderCancelReplaceRequest <t>