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FIXtags

FIX TAG 103

OrdRejReason

intAdded FIX.2.7

Definition

Code to identify reason for order rejection. Note: Values 3, 4, and 5 will be used when rejecting an order due to pre-allocation information errors.

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

FIX 5.0 SP2 FIX Latest · EP309

Values only in FIX Latest · EP309 15

  • 19Reference price not available
  • 20Notional value exceeds threshold
  • 21Algorithm risk threshold breached
    Additional source detail

    A sell-side broker algorithm has detected that a risk limit has been breached which requires further communication with the client. Used in conjunction with Text(58) to convey the details of the specific event.

  • 22Short sell not permitted
  • 23Short sell rejected due to security pre-borrow restriction
  • 24Short sell rejected due to account pre-borrow restriction
  • 25Insufficient credit limit
    Additional source detail

    In the context of IA FX Reject codes, Trade Request Rejection Category C, order rejected due to credit limit exceeded or not in place.

  • 26Exceeded clip size limit
  • 27Exceeded maximum notional order amount
  • 28Exceeded DV01/PV01 limit
  • 29Exceeded CS01 limit
  • 30Last look
    Additional source detail

    In the context of IA FX Reject codes, Trade Request Rejection Category A-1, order rejected due to a "last look".

  • 31Last look latency
    Additional source detail

    In the context of IA FX Reject codes, Trade Request Rejection Category A-2, order rejected due to "last look latency", therefore price or liquidity is unavailable.

  • 32Unavailable price or liquidity
    Additional source detail

    In the context of IA FX Reject codes, Trade Request Rejection Category B, the order was not subjected to last look but rejected due to pricing or liquidity being no longer available for execution.

  • 33Invalid or missing entitlements
    Additional source detail

    In the context of IA FX Reject codes, Trade Request Rejection Category D, order rejected due to static/reference data error where counterparty is not permissioned or entitled.

Value text or deprecation changed 4

ValueFIX 5.0 SP2FIX Latest · EP309
1Unknown symbolUnknown symbol
Additional source detail

In the context of IA FX Reject codes, Trade Request Rejection Category F, order rejected due to the product not being supported, e.g. by the specific venue, tenor restrictions on the market participant(s) involved.

12Surveillence OptionSurveillance option
15Unknown account(s)Unknown account(s)
Additional source detail

In the context of IA FX Reject codes, Trade Request Rejection Category D, order rejected due to static data when the account/fund is not setup or unknown.

99OtherOther
Additional source detail

In the context of IA FX Reject codes, Trade Request Rejection Category E, order rejected due to other exceptions. Further detail may be provided in RejectText(1328) or Text(58), with preference for RejectText(1328) if field is present in the message.

Values 34

ValueMeaning
0

Broker / Exchange option

1

Unknown symbol

Additional detail from the official source

In the context of IA FX Reject codes, Trade Request Rejection Category F, order rejected due to the product not being supported, e.g. by the specific venue, tenor restrictions on the market participant(s) involved.

2

Exchange closed

3

Order exceeds limit

4

Too late to enter

5

Unknown order

6

Duplicate Order (e.g. dupe ClOrdID)

7

Duplicate of a verbally communicated order

8

Stale order

9

Trade along required

10

Invalid Investor ID

11

Unsupported order characteristic

12

Surveillance option

13

Incorrect quantity

14

Incorrect allocated quantity

15

Unknown account(s)

Additional detail from the official source

In the context of IA FX Reject codes, Trade Request Rejection Category D, order rejected due to static data when the account/fund is not setup or unknown.

16

Price exceeds current price band

18

Invalid price increment

19

Reference price not available

20

Notional value exceeds threshold

21

Algorithm risk threshold breached

Additional detail from the official source

A sell-side broker algorithm has detected that a risk limit has been breached which requires further communication with the client. Used in conjunction with Text(58) to convey the details of the specific event.

22

Short sell not permitted

23

Short sell rejected due to security pre-borrow restriction

24

Short sell rejected due to account pre-borrow restriction

25

Insufficient credit limit

Additional detail from the official source

In the context of IA FX Reject codes, Trade Request Rejection Category C, order rejected due to credit limit exceeded or not in place.

26

Exceeded clip size limit

27

Exceeded maximum notional order amount

28

Exceeded DV01/PV01 limit

29

Exceeded CS01 limit

30

Last look

Additional detail from the official source

In the context of IA FX Reject codes, Trade Request Rejection Category A-1, order rejected due to a "last look".

31

Last look latency

Additional detail from the official source

In the context of IA FX Reject codes, Trade Request Rejection Category A-2, order rejected due to "last look latency", therefore price or liquidity is unavailable.

32

Unavailable price or liquidity

Additional detail from the official source

In the context of IA FX Reject codes, Trade Request Rejection Category B, the order was not subjected to last look but rejected due to pricing or liquidity being no longer available for execution.

33

Invalid or missing entitlements

Additional detail from the official source

In the context of IA FX Reject codes, Trade Request Rejection Category D, order rejected due to static/reference data error where counterparty is not permissioned or entitled.

99

Other

Additional detail from the official source

In the context of IA FX Reject codes, Trade Request Rejection Category E, order rejected due to other exceptions. Further detail may be provided in RejectText(1328) or Text(58), with preference for RejectText(1328) if field is present in the message.

About the int data type

Sequence of digits without commas or decimals and optional sign character (ASCII characters "-" and "0" - "9" ). The sign character utilizes one byte (i.e. positive int is "99999" while negative int is "-99999"). Note that int values may contain leading zeros (e.g. "00023" = "23").

Used in messages 3

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