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FIX MESSAGE 35=Q

DontKnowTrade

MsgType (35) = QSingleGeneralOrderHandlingAdded FIX.4.0

Definition

The DontKnowTrade(35=Q) message (a.k.a. DK message) notifies a trading partner that an electronically received execution has been rejected. This message can be thought of as an execution reject message.

Additional detail from the official source

This message has special utility when dealing with one-way execution reporting. If the initial order acknowledgment (ExecutionReport(35=8) message with LastQty(32)=0 and OrdStatus(39)=0 (New)) does not match an existing order, this message may be used to notify the recipient of a potential problem order.

The decision to "DK an execution" lies with the party receiving the execution message. Some of the mismatches listed in DKReason(127) may be acceptable and will not require a DontKnowTrade(35=Q) message to be generated.

Message structure 3890 distinct fields

Source order, including nested components and groups. Group counts precede the repeated entries. “Required here” is relative to the enclosing component or group, not unconditional in the message. A dash means not marked required; conditional requirements remain in the source notes. This is a reference, not a counterparty-specific validator.

Nested fields load when needed. Open the full static layout (also works without JavaScript).

  1. StandardHeaderComponentRequired

    MsgType = Q

    Open this block to load its fields in message context, or follow the definition link.

  2. 37 OrderIDStringRequired

    Broker Order ID as identified on problem execution

  3. 17 ExecIDStringRequired

    Execution ID of problem execution

  4. 127 DKReasoncharRequired
  5. InstrumentComponentRequired

    Open this block to load its fields in message context, or follow the definition link.

  6. UndInstrmtGrpRepeating groupCount tag 711

    Number of underlyings

    Open this block to load its fields in message context, or follow the definition link.

  7. InstrmtLegGrpRepeating groupCount tag 555

    Number of Legs

    Open this block to load its fields in message context, or follow the definition link.

  8. 54 SidecharRequired
  9. OrderQtyDataComponentRequired

    Open this block to load its fields in message context, or follow the definition link.

  10. Required if specified on the ExecutionRpt

  11. 31 LastPxPrice

    Required if specified on the ExecutionRpt

  12. 58 TextString
  13. Must be set if EncodedText field is specified and must immediately precede it.

  14. Encoded (non-ASCII characters) representation of the Text field in the encoded format specified via the MessageEncoding field.

  15. StandardTrailerComponentRequired

    Open this block to load its fields in message context, or follow the definition link.