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FIXtags

FIX TAG 40

OrdType

charAdded FIX.2.7

Definition

Order type.

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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

Definition text changed

FIX 5.0 SP2

Order type. *** SOME VALUES ARE NO LONGER USED - See "Deprecated (Phased-out) Features and Supported Approach" *** (see Volume : "Glossary" for value definitions)

FIX Latest · EP309

Order type.

Values only in FIX Latest · EP309 3

  • RStop on Bid or Offer
    Additional source detail

    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).

  • SStop Limit on Bid or Offer
    Additional source detail

    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).

  • TMarket within price band
    Additional source detail

    A market order that becomes a limit order at the upper or lower bound of a price band if it cannot be executed against resting orders within the band.

Value text or deprecation changed 4

ValueFIX 5.0 SP2FIX Latest · EP309
1MarketMarket
Additional source detail

An order without a price.

3Stop / Stop LossStop/Stop Loss.
Additional source detail

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.

4Stop LimitStop Limit.
Additional source detail

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.

KMarket With Left Over as Limit (market order with unexecuted quantity becoming limit order at last price)Market With Left Over as Limit
Additional source detail

A market order that can be executed against resting orders with unexecuted quantity becoming a limit order at the last executed price.

Values 27

ValueMeaning
1

Market

Additional detail from the official source

An order without a price.

2

Limit

3

Stop/Stop Loss.

Additional detail from the official source

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.

Additional detail from the official source

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 FIX.4.3
6

With Or Without

7

Limit Or Better

Deprecated FIX.4.4
8

Limit With Or Without

9

On Basis

A

On Close (No longer used)

Deprecated FIX.4.3
B

Limit On Close (No longer used)

Deprecated FIX.4.3
C

Forex Market (No longer used)

Deprecated FIX.4.3
D

Previously Quoted

E

Previously Indicated

F

Forex Limit (No longer used)

Deprecated FIX.4.3
G

Forex Swap

H

Forex Previously Quoted (No longer used)

Deprecated FIX.4.3
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

Additional detail from the official source

A market order that can be executed against resting orders with unexecuted quantity becoming a limit order at the last executed 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

Additional detail from the official source

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

Additional detail from the official source

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).

T

Market within price band

Additional detail from the official source

A market order that becomes a limit order at the upper or lower bound of a price band if it cannot be executed against resting orders within the band.

About the char data type

Single character value, can include any alphanumeric character or punctuation except the delimiter. All char fields are case sensitive (i.e. m != M).

Used in messages 39

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