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FIXtags

FIX TAG 18

ExecInst

MultipleValueStringAdded FIX.2.7

Definition

Instructions for order handling on exchange trading floor. If more than one instruction is applicable to an order, this field can contain multiple instructions separated by space.

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Differences between the selected source snapshots, including wording and errata; not a migration guide.

FIX 4.2 FIX 4.4

Values only in FIX 4.4 12

  • HReinstate on System Failure (mutually exclusive with Q)
  • JReinstate on Trading Halt (mutually exclusive with K)
  • KCancel on Trading Halt (mutually exclusive with L)
  • QCancel on System Failure (mutually exclusive with H)
  • XTrade Along
  • YTry to Stop
  • ZCancel if Not Best
  • aTrailing Stop Peg
  • bStrict Limit (No Price Improvement)
  • cIgnore Price Validity Checks
  • dPeg to Limit Price
  • eWork to Target Strategy

Values only in FIX 4.2 1

  • TFixed Peg to Local best bid or offer at time of order

Value text or deprecation changed 1

ValueFIX 4.2FIX 4.4
DPercent of volume (indicates that the sender does not want to be all the volume on the floor vs. a specific percentage)Percent of volume "(indicates that the sender does not want to be all the volume on the floor vs. a specific percentage)"

Values 40

ValueMeaning
1

Not held

2

Work

3

Go along

4

Over the day

5

Held

6

Participate don't initiate

7

Strict scale

8

Try to scale

9

Stay on bidside

0

Stay on offerside

A

No cross (cross is forbidden)

B

OK to cross

C

Call first

D

Percent of volume "(indicates that the sender does not want to be all the volume on the floor vs. a specific percentage)"

E

Do not increase - DNI

F

Do not reduce - DNR

G

All or none - AON

H

Reinstate on System Failure (mutually exclusive with Q)

I

Institutions only

J

Reinstate on Trading Halt (mutually exclusive with K)

K

Cancel on Trading Halt (mutually exclusive with L)

L

Last peg (last sale)

M

Mid-price peg (midprice of inside quote)

N

Non-negotiable

O

Opening peg

P

Market peg

Q

Cancel on System Failure (mutually exclusive with H)

R

Primary peg (primary market - buy at bid/sell at offer)

S

Suspend

U

Customer Display Instruction (Rule11Ac1-1/4)

V

Netting (for Forex)

W

Peg to VWAP

X

Trade Along

Y

Try to Stop

Z

Cancel if Not Best

a

Trailing Stop Peg

b

Strict Limit (No Price Improvement)

c

Ignore Price Validity Checks

d

Peg to Limit Price

e

Work to Target Strategy

About the MultipleValueString data type

string field containing one or more space delimited single character values.

Used in messages 11

Includes nested components and repeating groups. Open a location to see its surrounding requirements.