New Order Single message

D New Order Single

This message is used to submit orders for execution, for securities, forex, collective investment vehicles (CIV), and more.

Orders can be submitted with special handling instructions and execution instructions. Handling instructions refer to how the broker should handle the order on its trading floor. See HandlInst (21). Execution instructions contain explicit directions as to how the order should be executed. See ExecInst (18).

Orders received with PossResend (97) set in the header should be validated by ClOrdID (11). Implementations should also consider checking order parameters (side, symbol, quantity, etc.) to determine if the order had been previously submitted. PossResend (97) previously received should be acknowledged back to the client using an Execution Report <35=8>. PossResend (97) not previously received should be processed as a new order.

The given TransactTime (60) should allow the receiver of the order to apply business rules to determine if the order is potentially stale, e.g. in the event that there have been communication problems.

To support forex accommodation trades, two fields, ForexReq (121) and SettlCurrency (120), are included in the message. To request a broker to execute a forex trade in conjunction with the securities trade, the institution would set the ForexReq (121) = Y and SettlCurrency (120) = "intended settlement currency". The broker would then execute a forex trade from the execution currency to the settlement currency and report the results via the execution message in the SettlCurrAmt (119) and SettlCurrency (120) fields.

Orders involving or requiring pre-trade allocation consist of the following steps:

Buy-side sends a New Order Single specifying one or more AllocAccount (79) and AllocQty (80) values within the repeating group designated by NoAllocs (78)
Sell-side sends Execution Report <35=8> messages for the new and resulting fills.
Post-trade allocation messaging takes place

To take an Indication of Interest <35=6> or Quote <35=S> from an ECN or exchange and not display the order on the book, the New Order Single message should contain TimeInForce (59) = "ImmediateOrCancel" and OrdType (40) = "Previously Indicated" or "Previously Quoted".

Structure

Tag	Name	Type	Description
	StandardHeader	Component
11	ClOrdID	String	Unique identifier of the order as assigned by institution or by the intermediary (CIV term, not a hub/service bureau) with closest association with the investor
2422	OrderRequestID	Int
526	SecondaryClOrdID	String
583	ClOrdLinkID	String
2829	DuplicateClOrdIDIndicator	Boolean Enum
	Parties	Component	This is party information related to the submitter of the request
	TargetParties	Component	Identifies parties not directly associated with or owning the order, who are to be informed to effect processing of the order
229	TradeOriginationDate	LocalMktDate
75	TradeDate	LocalMktDate
1	Account	String
660	AcctIDSource	Int Enum
581	AccountType	Int Enum	Type of account associated with the order (Origin)
589	DayBookingInst	Char Enum
590	BookingUnit	Char Enum
591	PreallocMethod	Char Enum
70	AllocID	String	Used to assign an overall allocation id to the block of preallocations
	PreAllocGrp	Component	Number of repeating groups for pre-trade allocation
63	SettlType	String Enum	For NDFs either SettlType or SettlDate should be specified
64	SettlDate	LocalMktDate	Takes precedence over SettlType value and conditionally required/omitted for specific SettlType values
544	CashMargin	Char Enum
635	ClearingFeeIndicator	String Enum
21	HandlInst	Char Enum
18	ExecInst	MultipleCharValue Enum	Can contain multiple instructions, space delimited. If OrdType=P, exactly one of the following values (ExecInst = L, R, M, P, O, T, W, a, d) must be specified
1805	AuctionInstruction	Int Enum
110	MinQty	Quantity
1822	MinQtyMethod	Int Enum
1089	MatchIncrement	Quantity
1090	MaxPriceLevels	Int
2676	MaximumPriceDeviation	Percentage
	ValueChecksGrp	Component
	MatchingInstructions	Component
2362	SelfMatchPreventionID	String	May be used as an alternative to MatchingInstructions when the identifier does not appear in another field
2964	SelfMatchPreventionInstruction	Int Enum
	DisplayInstruction	Component
	DisclosureInstructionGrp	Component	Specifies instructions to disclose certain order level information in market data
111	MaxFloor	Quantity
1300	MarketSegmentID	String
100	ExDestination	Exchange
1133	ExDestinationIDSource	Char Enum
2704	ExDestinationType	Int Enum
	TrdgSesGrp	Component	Specifies the number of repeating TradingSessionIDs
81	ProcessCode	Char Enum	Used to identify soft trades at order entry
	Instrument	Component
	FinancingDetails	Component
	UndInstrmtGrp	Component	Number of underlyings
140	PrevClosePx	Price	Useful for verifying security identification
54	Side	Char Enum
2102	ShortMarkingExemptIndicator	Boolean
1688	ShortSaleExemptionReason	Int Enum	Available for optional use when Side(54) = 6(Sell short exempt)
114	LocateReqd	Boolean Enum	Required for short sell orders
60	TransactTime	UTCTimestamp	Time this order request was initiated/released by the trader, trading system, or intermediary
	Stipulations	Component
854	QtyType	Int Enum
	OrderQtyData	Component
40	OrdType	Char Enum
423	PriceType	Int Enum
44	Price	Price	Required for limit OrdTypes. For F/X orders, should be the "all-in" rate (spot rate adjusted for forward points). Can be used to specify a limit price for a pegged order, previously indicated, etc
2838	CurrentWorkingPrice	Price	May be used for new (child) orders stemming from the split of a parent order. Refers to the working price of the parent order
1092	PriceProtectionScope	Char Enum
99	StopPx	Price	Required for OrdType = "Stop" or OrdType = "Stop limit"
	TriggeringInstruction	Component	The set of "TriggeringInstruction" fields defined in "common components of application messages"
	SpreadOrBenchmarkCurveData	Component
	YieldData	Component
15	Currency	Currency
2897	CurrencyCodeSource	String Enum
1740	TradePriceNegotiationMethod	Int Enum
1741	UpfrontPriceType	Int Enum
1742	UpfrontPrice	Price	Upfront Price for CDS transactions. Conditionally required if TradePriceNegotiationMethod(1740) = 4(Percent of par and upfront amount), 5(Deal spread and upfront amount) or 6(Upfront points and upfront amount)
376	ComplianceID	String
2404	ComplianceText	String
2351	EncodedComplianceTextLen	Length	Must be set if EncodedComplianceText(2352) field is specified and must immediately precede it
2352	EncodedComplianceText	Data	Encoded (non-ASCII characters) representation of the ComplianceText(2404) field in the encoded format specified via the MessageEncoding(347) field
377	SolicitedFlag	Boolean Enum
797	CopyMsgIndicator	Boolean	May be used when intentionally sending an order more than once, e.g. an order being received manually as well as electronically in conjunction with a regulatory requirement to report both events
23	IOIID	String	Required for Previously Indicated Orders (OrdType=E)
117	QuoteID	String	Required for Previously Quoted Orders (OrdType=D)
59	TimeInForce	Char Enum	Absence of this field indicates Day order
168	EffectiveTime	UTCTimestamp	Can specify the time at which the order should be considered valid
432	ExpireDate	LocalMktDate	Conditionally required if TimeInForce = GTD and ExpireTime is not specified
126	ExpireTime	UTCTimestamp	Conditionally required if TimeInForce = GTD and ExpireDate is not specified
427	GTBookingInst	Int Enum	States whether executions are booked out or accumulated on a partially filled GT order
1629	ExposureDuration	Int	Conditionally required when TimeInForce(59)=10 (Good for Time)
1916	ExposureDurationUnit	Int Enum
	CommissionData	Component
	CommissionDataGrp	Component	Use as an alternative to CommissionData component if multiple commissions or enhanced attributes are needed
528	OrderCapacity	Char Enum
529	OrderRestrictions	MultipleCharValue Enum
1815	TradingCapacity	Int Enum
1934	RegulatoryReportType	Int Enum
1091	PreTradeAnonymity	Boolean
1390	TradePublishIndicator	Int Enum	Applies to trades resulting from the order
582	CustOrderCapacity	Int Enum
	OrderAttributeGrp	Component
121	ForexReq	Boolean Enum	Indicates that broker is requested to execute a Forex accommodation trade in conjunction with the security trade
120	SettlCurrency	Currency	Required if ForexReq=Y
2899	SettlCurrencyCodeSource	String Enum
	RateSource	Component
2795	OffshoreIndicator	Int Enum
775	BookingType	Int Enum	Method for booking out this order. Used when notifying a broker that an order to be settled by that broker is to be booked out as an OTC derivative (e.g. CFD or similar). Absence of this field implies regular booking
58	Text	String
354	EncodedTextLen	Length	Must be set if EncodedText field is specified and must immediately precede it
355	EncodedText	Data	Encoded (non-ASCII characters) representation of the Text field in the encoded format specified via the MessageEncoding field
193	SettlDate2	LocalMktDate	Can be used with OrdType = "Forex - Swap" to specify the "value date" for the future portion of a F/X swap
192	OrderQty2	Quantity	Can be used with OrdType = "Forex - Swap" to specify the order quantity for the future portion of a F/X swap
640	Price2	Price	Can be used with OrdType = "Forex - Swap" to specify the price for the future portion of a F/X swap which is also a limit order. For F/X orders, should be the "all-in" rate (spot rate adjusted for forward points)
1816	ClearingAccountType	Int Enum
77	PositionEffect	Char Enum	For use in derivatives omnibus accounting
203	CoveredOrUncovered	Int Enum	For use with derivatives, such as options
210	MaxShow	Quantity
	PegInstructions	Component
	DiscretionInstructions	Component
847	TargetStrategy	Int Enum	The target strategy of the order
	StrategyParametersGrp	Component	Strategy parameter block
848	TargetStrategyParameters	String	For further specification of the TargetStrategy
849	ParticipationRate	Percentage	Mandatory for a TargetStrategy=Participate order and specifies the target particpation rate
480	CancellationRights	Char Enum	For CIV - Optional
481	MoneyLaunderingStatus	Char Enum
513	RegistID	String	Reference to Registration Instructions message for this Order
494	Designation	String	Supplementary registration information for this Order
1028	ManualOrderIndicator	Boolean
1029	CustDirectedOrder	Boolean
1030	ReceivedDeptID	String
1031	CustOrderHandlingInst	MultipleStringValue Enum
1032	OrderHandlingInstSource	Int Enum
1724	OrderOrigination	Int Enum
2882	ContraOrderOrigination	Int Enum	May be used for cross orders submitted with single order messages
1725	OriginatingDeptID	String
1726	ReceivingDeptID	String
2883	RoutingArrangmentIndicator	Int Enum
2884	ContraRoutingArrangmentIndicator	Int Enum	May be used for cross orders submitted with single order messages
2525	AffiliatedFirmsTradeIndicator	Boolean
522	OwnerType	Int Enum
	TrdRegTimestamps	Component
	TrdRegPublicationGrp	Component
2524	TradeReportingIndicator	Int Enum
1080	RefOrderID	String	Required for counter-order selection / Hit / Take Orders. (OrdType = Q)
1081	RefOrderIDSource	Char Enum	Conditionally required if RefOrderID is specified
1685	ThrottleInst	Int Enum
1806	RefClOrdID	String
1803	AuctionType	Int Enum	Conditionally required for auction orders
1804	AuctionAllocationPct	Percentage
	StandardTrailer	Component

Security Definition Party Entitlements Definition Request