Side of order.
| Code | Meaning |
|---|---|
| 1 | Buy |
| 2 | Sell |
| 3 | Buy minus |
| 4 | Sell plus |
| 5 | Sell short |
| 6 | Sell short exempt |
| 7 | Undisclosed (valid for IOI and List Order messages only) |
| 8 | Cross (orders where counterparty is an exchange, valid for all messages except IOIs) |
| 9 | Cross short |
| A | Cross short exempt |
| B | "As Defined" (for use with multileg instruments) |
| C | "Opposite" (for use with multileg instruments) |
| D | Subscribe (e.g. CIV) |
| E | Redeem (e.g. CIV) |
| F | Lend (FINANCING - identifies direction of collateral) |
| G | Borrow (FINANCING - identifies direction of collateral) |