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FIXtags

FIX TAG 18

ExecInst

MultipleValueStringAdded FIX.2.7

Definition

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.

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Differences between the selected source snapshots, including wording and errata; not a migration guide.

FIX 4.4 FIX 4.2

Values only in FIX 4.2 1

  • TFixed Peg to Local best bid or offer at time of order

Values only in FIX 4.4 12

  • HReinstate on System Failure (mutually exclusive with Q)
  • JReinstate on Trading Halt (mutually exclusive with K)
  • KCancel on Trading Halt (mutually exclusive with L)
  • QCancel on System Failure (mutually exclusive with H)
  • XTrade Along
  • YTry to Stop
  • ZCancel if Not Best
  • aTrailing Stop Peg
  • bStrict Limit (No Price Improvement)
  • cIgnore Price Validity Checks
  • dPeg to Limit Price
  • eWork to Target Strategy

Value text or deprecation changed 1

ValueFIX 4.4FIX 4.2
DPercent of volume "(indicates that the sender does not want to be all the volume on the floor vs. a specific percentage)"Percent of volume (indicates that the sender does not want to be all the volume on the floor vs. a specific percentage)

Values 29

ValueMeaning
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

About the MultipleValueString data type

String field containing one or more space delimited multiple character values.

Used in messages 6

Includes nested components and repeating groups. Open a location to see its surrounding requirements.