Identifies the reason for rejection of a New Order List <35=E> message. Note that OrdRejReason (103) is used if the rejection is based on properties of an individual order part of the List.
| Code | Meaning | 
|---|---|
| 0 | Broker / Exchange option | 
| 2 | Exchange closed | 
| 4 | Too late to enter | 
| 5 | Unknown order | 
| 6 | Duplicate Order (e.g. dupe ClOrdID) | 
| 11 | Unsupported order characteristic | 
| 99 | Other |