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Structure |
Related Messages
Description
The NewOrderList Message can be used in one of two ways depending on which market conventions are being followed.
In the 'Non disclosed' convention the New Order - List message is sent after the bidding process has been completed, by telephone
or electronically. The New Order - List message enumerates the stocks, quantities, direction for the trade and may contain
pre-allocation information.
This message may also be used as the first message for the transmission of a program trade where the bidding process has been
done by means other than FIX. In this scenario the messages may either be used as a staging process, in which case the broker
will start execution once either a ListExecute <L> is received or for immediate execution, in which case the orders will be executed on receipt.
In the 'Disclosed' convention the New Order - List message is sent before the bidding process is started, by telephone or
electronically. The New Order - List message enumerates the stocks and quantities from the bidding process, and may contain
pre-allocation information. The direction of the trade is disclosed after the bidding process is completed.
Where multiple waves of a program trade are submitted by an institution or retail intermediaries, as a series of separate
lists, to a broker ClOrdLinkID <583> may be used to link the orders together.
See "Program/Basket/List Trading" for examples.
The New Order List message type may also be used by institutions or retail intermediaries wishing to electronically submit
multiple Collective Investment Vehicle orders to a broker or fund manager for execution.
See VOLUME 7 - "PRODUCT: COLLECTIVE INVESTMENT VEHICLES"
Structure
| Tag |
Field Name |
Req'd |
Comments |
| <MessageHeader> |
Y |
MsgType <35> = E
|
| 66 |
ListID |
Y |
Must be unique, by customer, for the day |
| 390 |
BidID |
N |
Should refer to an earlier program if bidding took place. |
| 391 |
ClientBidID |
N |
|
| 414 |
ProgRptReqs |
N |
|
| 394 |
BidType |
Y |
e.g. Non Disclosed Model, Disclosed Model, No Bidding Process |
| 415 |
ProgPeriodInterval |
N |
|
| 480 |
CancellationRights |
N |
For CIV - Optional |
| 481 |
MoneyLaunderingStatus |
N |
|
| 513 |
RegistID |
N |
Reference to Registration Instructions message applicable to all Orders in this List. |
| 433 |
ListExecInstType |
N |
Controls when execution should begin For CIV Orders indicates order of execution.. |
| 69 |
ListExecInst |
N |
Free-form text. |
| 352 |
EncodedListExecInstLen |
N |
Must be set if EncodedListExecInst field is specified and must immediately precede it. |
| 353 |
EncodedListExecInst |
N |
Encoded (non-ASCII characters) representation of the ListExecInst field in the encoded format specified via the MessageEncoding
field.
|
| 765 |
AllowableOneSidednessPct |
N |
The maximum percentage that execution of one side of a program trade can exceed execution of the other. |
| 766 |
AllowableOneSidednessValue |
N |
The maximum amount that execution of one side of a program trade can exceed execution of the other. |
| 767 |
AllowableOneSidednessCurr |
N |
The currency that AllowableOneSidedness is expressed in if AllowableOneSidednessValue is used. |
| 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 - <ListOrdGrp> |
Y |
Number of orders in this message (number of repeating groups to follow) |
|
Component Block - <RootParties> |
N |
Insert here the set of "Root Parties" fields defined in "common components of application messages" Used for acting parties
that applies to the whole message, not individual orders.
|
| <MessageTrailer> |
Y |
|
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Related Messages
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