ExecInstValue

Values only in FIX Latest · EP309 62

• 0Stay on offer side
• 1Not held
• 2Work
• 3Go along
• 4Over the day
• 5Held
• 6Participate don't initiate
• 7Strict scale
• 8Try to scale
• 9Stay on bid side
• ANo cross
  Additional source detail

  Cross is forbidden.

• BOK to cross
• CCall first
• DPercent of volume
  Additional source detail

  Indicates that the sender does not want the order to be all of the volume on the floor vs. a specific percentage.

• EDo not increase - DNI
• FDo not reduce - DNR
• GAll or none - AON
• HReinstate on system failure
  Additional source detail

  Mutually exclusive with Q and l (lower case L).

• IInstitutions only
• JReinstate on trading halt
  Additional source detail

  Mutually exclusive with K and m.

• KCancel on trading halt
  Additional source detail

  Mutually exclusive with J and m.

• LLast peg (last sale)Deprecated FIX.5.0
• MMid-price peg (midprice of inside quote)Deprecated FIX.5.0
• NNon-negotiable
• OOpening pegDeprecated FIX.5.0
• PMarket pegDeprecated FIX.5.0
• QCancel on system failure
  Additional source detail

  Mutually exclusive with H and l(lower case L).

• RPrimary peg
  Additional source detail

  Primary market - buy at bid, sell at offer.

  Deprecated FIX.5.0
• SSuspend
• TFixed peg to local best bid or offer at time of orderDeprecated FIX.5.0
• UCustomer display instruction
  Additional source detail

  Used in US Markets for: SEC Rule 11Ac1-1/4.

• VNetting (for Forex)
• WPeg to VWAPDeprecated FIX.5.0
• XTrade along
• YTry to stop
• ZCancel if not best
• aTrailing stop pegDeprecated FIX.5.0
• bStrict limit
  Additional source detail

  No price improvement.

• cIgnore price validity checks
• dPeg to limit priceDeprecated FIX.5.0
• eWork to target strategy
• fIntermarket sweep
• gExternal routing allowed
• hExternal routing not allowed
• iImbalance only
• jSingle execution requested for block trade
• kBest execution
• lSuspend on system failure
  Additional source detail

  Mutually exclusive with H and Q.

• mSuspend on trading halt
  Additional source detail

  Mutually exclusive with J and K.

• nReinstate on connection loss
  Additional source detail

  Mutually exclusive with o and p.

• oCancel on connection loss
  Additional source detail

  Mutually exclusive with n and p.

• pSuspend on connection loss
  Additional source detail

  Mutually exclusive with n and o.

• qRelease
  Additional source detail

  Mutually exclusive with S and w.

• rExecute as delta neutral using volatility provided
• sExecute as duration neutral
• tExecute as FX neutral
• uMinimum guaranteed fill eligible
• vBypass non-displayed liquidity
• wLock
  Additional source detail

  Mutually exclusive with q.

• xIgnore notional value checks
• yTrade at reference price
  Additional source detail

  In the context of Reg NMS and the Tick Size Pilot Program, this is intended to indicate the order should Trade At Intermarket Sweep Order (TAISO) price.

• zAllow facilitation
  Additional source detail

  Express explicit consent to receive facilitation services from the counterparty. Facilitation services are when an institutional client allows a broker to assume a risk-taking principal position rather than an agency position, to obtain liquidity or achieve a guaranteed execution price on the client's behalf. Interpretation of absence of this value needs to be bilaterally agreed, if applicable. In the context of Hong Kong's SFC, this can be used to comply with SFC regulations for disclosure of client facilitation.