Code to identify the desired frequency of progress reports.
| Code | Meaning |
|---|---|
| 1 | Buy-side explicitly requests status using Statue Request (default), the sell-side firm can, however, send a DONE status List STatus Response in an unsolicited fashion |
| 2 | Sell-side periodically sends status using List Status. Period optionally specified in ProgressPeriod. |
| 3 | Real-time execution reports (to be discourage) |