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FIXtags

FIX TAG 1689

LegShortSaleExemptionReason

intAdded FIX.5.0SP2 · EP121

Definition

Indicates the reason a short sale is exempted from applicable regulation (e.g. Reg SHO addendum (b)(1) in the U.S.)

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FIX 5.0 SP2 FIX Latest · EP309

This tag is not present in the FIX 5.0 SP2 source. There is no definition or value list to compare.

Values 10

ValueMeaning
0

Exemption reason unknown

Additional detail from the official source

An exemption reason not provided or received.

1

Income sell short exempt

Additional detail from the official source

Agency broker has the customer's exemption reason, which is not explicitly provided to executing broker.

2

Above national best bid (broker/dealer provision)

Additional detail from the official source

Broker / dealer responsible for enforcing exemption rule has determined that the order is priced one or more ticks above the nation best bid of the security to be traded.

3

Delayed delivery

Additional detail from the official source

The broker-dealer has a reasonable basis to believe the seller owns the covered security (pursuant to Rule 200 in the U.S.), but is subject to restrictions on delivery, provided that the seller intends to deliver the security as soon as all restrictions on delivery have been removed.

4

Odd lot

Additional detail from the official source

The broker-dealer has a reasonable basis to believe the sale is by a market maker to offset customer odd-lot orders or to liquidate an odd-lot position that changes such broker’s or dealer’s position by no more than a unit of trading.

5

Domestic arbitrage

Additional detail from the official source

The sale is connected to a bona-fide domestic arbitrage transaction.

6

International arbitrage

Additional detail from the official source

The sale is connected to an international arbitrage transaction.

7

Underwriter or syndicate distribution

Additional detail from the official source

The short sale is (i) by an underwriter or member of a syndicate or group participating in the distribution of a security in connection with an over-allotment of securities; or (ii) is for purposes of a lay-off sale by an underwriter or member of a syndicate or group in connection with a distribution of securities through a rights or standby underwriting commitment.

8

Riskless principal

Additional detail from the official source

The short sale is by a broker or dealer effecting the execution of a customer purchase or the execution of a customer "long" sale on a riskless principal basis.

9

VWAP

Additional detail from the official source

The short sale order is for the sale of a covered security at the volume weighted average price (VWAP) meeting certain criteria.

About the int data type

Sequence of digits without commas or decimals and optional sign character (ASCII characters "-" and "0" - "9" ). The sign character utilizes one byte (i.e. positive int is "99999" while negative int is "-99999"). Note that int values may contain leading zeros (e.g. "00023" = "23").

Used in messages 10

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