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 offerside |
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 bidside |
A | No cross (cross is forbidden) |
B | OK to cross |
C | Call first |
D | Percent of volume (indicates that the sender does not want to be all the volume on the floor vs. a specific percentage) |
E | Do not increase - DNI |
F | Do not reduce - DNR |
G | All or none - AON |
I | Institutions only |
L | Last peg (last sale) |
M | Mid-price peg (midprice of inside quote) |
N | Non-negotiable |
O | Opening peg |
P | Market peg |
R | Primary peg (primary market - buy at bid/sell at offer) |
S | Suspend |
T | Fixed Peg to Local best bid or offer at time of order |
U | Customer Display Instruction (Rule11Ac1-1/4) |
V | Netting (for Forex) |
W | Peg to VWAP |