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.
| Code | Meaning |
|---|---|
| 0 | Stay on offer side |
| 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 bid side |
| A | No cross |
| B | OK to cross |
| C | Call first |
| D | Percent of volume |
| E | Do not increase - DNI |
| F | Do not reduce - DNR |
| G | All or none - AON |
| H | Reinstate on system failure |
| I | Institutions only |
| J | Reinstate on trading halt |
| K | Cancel on trading halt |
| 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 |
| R | Primary peg |
| S | Suspend |
| T | Fixed peg to local best bid or offer at time of order |
| U | Customer display instruction |
| 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 |
| c | Ignore price validity checks |
| d | Peg to limit price |
| e | Work to target strategy |
| f | Intermarket sweep |
| g | External routing allowed |
| h | External routing not allowed |
| i | Imbalance only |
| j | Single execution requested for block trade |
| k | Best execution |
| l | Suspend on system failure |
| m | Suspend on trading halt |
| n | Reinstate on connection loss |
| o | Cancel on connection loss |
| p | Suspend on connection loss |
| q | Release |
| r | Execute as delta neutral using volatility provided |
| s | Execute as duration neutral |
| t | Execute as FX neutral |
| u | Minimum guaranteed fill eligible |
| v | Bypass non-displayed liquidity |
| w | Lock |
| x | Ignore notional value checks |
| y | Trade at reference price |
| z | Allow facilitation |