ExecutionReport message – FIX.4.1 – FIX Reference

MsgType8

CategorySingleGeneralOrderHandling

SectionTrade

AddedFIX.2.7

Fields84

Components2

The execution report message is used to: 1. Confirm the receipt of an order 2. Confirm changes to an existing order (i.e. accept cancel and replace requests) 3. Relay order status information 4. Relay fill information on working orders 5. Reject orders 6. Report post-trade fees calculations associated with a trade

Message Structure

84 fields, 2 components/groups — click any tag or field name for details

Tag

Name

Type

Req

Description

Added

◈ StandardHeader [Component]

MsgType = 8

FIX.2.7

BeginString

char

FIX.4.1 (Always unencrypted, must be first field in message)

FIX.4.0

BodyLength

int

(Always unencrypted, must be second field in message)

FIX.4.0

MsgType

char

(Always unencrypted, must be third field in message)

▶ 28 enum values

Value	Name	Description
0	Heartbeat	Heartbeat
1	TestRequest	Test Request
2	ResendRequest	Resend Request
3	Reject	Reject
4	SequenceReset	Sequence Reset
5	Logout	Logout
6	IOI	Indication of Interest
7	Advertisement	Advertisement
8	ExecutionReport	Execution Report
9	OrderCancelReject	Order Cancel Reject
A	Logon	Logon
B	News	News
C	Email	Email
D	NewOrderSingle	Order - Single
E	NewOrderList	Order - List
F	OrderCancelRequest	Order Cancel Request
G	OrderCancelReplaceRequest	Order Cancel/Replace Request
H	OrderStatusRequest	Order Status Request
J	AllocationInstruction	Allocation
K	ListCancelRequest	List Cancel Request
L	ListExecute	List Execute
M	ListStatusRequest	List Status Request
N	ListStatus	List Status
P	AllocationInstructionAck	Allocation ACK
Q	DontKnowTrade	Dont Know Trade (DK)
R	QuoteRequest	Quote Request
S	Quote	Quote
T	SettlementInstructions	Settlement Instructions

FIX.4.0

SenderCompID

char

(Always unencrypted)

FIX.4.0

TargetCompID

char

(Always unencrypted)

FIX.4.0

115

OnBehalfOfCompID

char

Trading partner company ID used when sending messages via a third party (Can be embedded within encrypted data section.)

FIX.4.0

128

DeliverToCompID

char

Trading partner company ID used when sending messages via a third party (Can be embedded within encrypted data section.)

FIX.4.0

SecureDataLen

Length

Required to identify length of encrypted section of message. (Always unencrypted)

FIX.4.0

SecureData

data

Required when message body is encrypted. Always immediately follows SecureDataLen field.

FIX.4.0

MsgSeqNum

int

(Can be embedded within encrypted data section.)

FIX.4.0

SenderSubID

char

(Can be embedded within encrypted data section.)

FIX.4.0

142

SenderLocationID

char

Trading partner LocationID (i.e. geographic location and/or desk) (Can be embedded within encrypted data section.)

FIX.4.1

TargetSubID

char

"ADMIN" reserved for administrative messages not intended for a specific user. (Can be embedded within encrypted data section.)

FIX.4.0

143

TargetLocationID

char

Trading partner LocationID (i.e. geographic location and/or desk) (Can be embedded within encrypted data section.)

FIX.4.1

116

OnBehalfOfSubID

char

Trading partner SubID used when delivering messages via a third party. (Can be embedded within encrypted data section.)

FIX.4.0

144

OnBehalfOfLocationID

char

Trading partner LocationID (i.e. geographic location and/or desk) used when delivering messages via a third party. (Can be embedded within encrypted data section.)

FIX.4.1

129

DeliverToSubID

char

Trading partner SubID used when delivering messages via a third party. (Can be embedded within encrypted data section.)

FIX.4.0

145

DeliverToLocationID

char

Trading partner LocationID (i.e. geographic location and/or desk) used when delivering messages via a third party. (Can be embedded within encrypted data section.)

FIX.4.1

PossDupFlag

char

Always required for retransmitted messages, whether prompted by the sending system or as the result of a resend request. (Can be embedded within encrypted data section.)

▶ 2 enum values

Value	Name	Description
N	OriginalTransmission	Original transmission
Y	PossibleDuplicate	Possible duplicate

FIX.4.0

PossResend

char

Required when message may be duplicate of another message sent under a different sequence number. (Can be embedded within encrypted data section.)

▶ 2 enum values

Value	Name	Description
N	OriginalTransmission	Original transmission
Y	PossibleResend	Possible resend

FIX.4.0

SendingTime

time

(Can be embedded within encrypted data section.)

FIX.4.0

122

OrigSendingTime

time

Required for message resends. If data is not available set to same value as SendingTime (Can be embedded within encrypted data section.)

FIX.4.0

OrderID

char

OrderID is required to be unique for each chain of orders.

FIX.2.7

198

SecondaryOrderID

char

Can be used to provide order id used by exchange or executing system.

FIX.4.1

ClOrdID

char

Required for executions against electronically submitted orders which were assigned an ID by the institution. Not required for orders manually entered by the broker.

FIX.2.7

OrigClOrdID

char

Conditionally required for PendingCancel, Replaced, Canceled ExecType values. ClOrdID of the previous order (NOT the initial order of the day) when canceling or replacing an order.

FIX.4.1

109

ClientID

char

Used for firm identification in third-party transactions.

FIX.3.0

ExecBroker

char

Used for firm identification in third-party transactions.

FIX.2.7

ListID

char

Required for executions against orders which were submitted as part of a list.

FIX.2.7

ExecID

char

Unique identifier of execution message as assigned by broker (will be 0 (zero) for ExecTransType=3 (Status)). Uniqueness must be guaranteed within a single trading day or the life of a multi-day order. Firms which accept multi-day orders should consider embedding a date within the ExecID field to assure uniqueness across days. (Prior to FIX 4.1 this field was of type int)

FIX.2.7

ExecTransType

char

Identifies transaction type

▶ 4 enum values

Value	Name	Description
0	New	New
1	Cancel	Cancel
2	Correct	Correct
3	Status	Status

FIX.2.7

ExecRefID

char

Required for Cancel and Correct ExecTransType messages

FIX.2.7

150

ExecType

char

Describes the type of execution report. Same possible values as OrdStatus.

▶ 13 enum values

Value	Name	Description
0	New	New
1	PartialFill	Partial fill
2	Fill	Fill
3	DoneForDay	Done for day
4	Canceled	Cancelled
5	Replaced	Replace
6	PendingCancel	Pending Cancel/Replace
7	Stopped	Stopped
8	Rejected	Rejected
9	Suspended	Suspended
A	PendingNew	Pending New
B	Calculated	Calculated
C	Expired	Expired

FIX.4.1

OrdStatus

char

Describes the current state of a CHAIN of orders, same scope as OrderQty, CumQty, LeavesQty, and AvgPx

▶ 13 enum values

Value	Name	Description
0	New	New
1	PartiallyFilled	Partially filled
2	Filled	Filled
3	DoneForDay	Done for day
4	Canceled	Canceled
5	Replaced	Replaced
6	PendingCancel	Pending Cancel/Replace
7	Stopped	Stopped
8	Rejected	Rejected
9	Suspended	Suspended
A	PendingNew	Pending New
B	Calculated	Calculated
C	Expired	Expired

FIX.2.7

103

OrdRejReason

int

For optional use with ExecType = 8 (Rejected)

▶ 7 enum values

Value	Name	Description
0	BrokerCredit	Broker option
1	UnknownSymbol	Unknown symbol
2	ExchangeClosed	Exchange closed
3	OrderExceedsLimit	Order exceeds limit
4	TooLateToEnter	Too late to enter
5	UnknownOrder	Unknown Order
6	DuplicateOrder	Duplicate Order

FIX.2.7

Account

char

Required for executions against electronically submitted orders which were assigned an account by the institution

FIX.2.7

SettlmntTyp

char

Absence of this field is interpreted as Regular.

▶ 10 enum values

Value	Name	Description
0	Regular	Regular
1	Cash	Cash
2	NextDay	Next Day
3	TPlus2	T+2
4	TPlus3	T+3
5	TPlus4	T+4
6	Future	Future
7	WhenAndIfIssued	When Issued
8	SellersOption	Sellers Option
9	TPlus5	T+ 5

FIX.2.7

FutSettDate

date

Required when SettlmntTyp = 6 (Future) or SettlmntTyp = 8 (Sellers Option)

FIX.2.7

Symbol

char

Ticker symbol

FIX.2.7

SymbolSfx

char

Additional information about the security (e.g. preferred, warrants, etc.). Absence of this field indicates common. Valid values: As defined in the NYSE Stock and bond Symbol Directory and in the AMEX Fitch Directory

FIX.2.7

SecurityID

char

CUSIP or other alternate security identifier

FIX.2.7

IDSource

char

Identifies class of alternative SecurityID

▶ 7 enum values

Value	Name	Description
1	CUSIP	CUSIP
2	SEDOL	SEDOL
3	QUIK	QUIK
4	ISINNumber	ISIN number
5	RICCode	RIC code
6	ISOCurrencyCode	ISO Currency Code
7	ISOCountryCode	ISO Country Code

FIX.2.7

167

SecurityType

char

Must be specified if a Future or Option. If a Future: Symbol, SecurityType, and MaturityMonthYear are required. If an Option: Symbol, SecurityType, MaturityMonthYear, PutOrCall, and StrikePrice are required.

▶ 30 enum values

Value	Name	Description
BA	BankersAcceptance	Bankers Acceptance
CD	CertificateOfDeposit	Certificate Of Deposit
CMO	CollateralizedMortgageObligation	Collateralize Mortgage Obligation
CORP	CorporateBond	Corporate Bond
CP	CommercialPaper	Commercial Paper
CPP	CorporatePrivatePlacement	Corporate Private Placement
CS	CommonStock	Common Stock
FHA	FederalHousingAuthority	Federal Housing Authority
FHL	FederalHomeLoan	Federal Home Loan
FN	FederalNationalMortgageAssociation	Federal National Mortgage Association
FOR	ForeignExchangeContract	Foreign Exchange Contract
FUT	Future	Future
GN	GovernmentNationalMortgageAssociation	Government National Mortgage Association
GOVT	TreasuriesAgencyDebenture	Treasuries + Agency Debenture
MF	MutualFund	Mutual Fund
MIO	MortgageInterestOnly	Mortgage Interest Only
MPO	MortgagePrincipalOnly	Mortgage Principle Only
MPP	MortgagePrivatePlacement	Mortgage Private Placement
MPT	MiscellaneousPassThrough	Miscellaneous Pass-Thru
MUNI	MunicipalBond	Municipal Bond
NONE	NoSecurityType	No ISITC Security Type
OPT	Option	Option
PS	PreferredStock	Preferred Stock
RP	RepurchaseAgreement	Repurchase Agreement
RVRP	ReverseRepurchaseAgreement	Reverse Repurchase Agreement
SL	StudentLoanMarketingAssociation	Student Loan Marketing Association
TD	TimeDeposit	Time Deposit
USTB	USTreasuryBillOld	US Treasury Bill
WAR	Warrant	Warrant
ZOO	CatsTigersAndLions	Cats, Tigers & Lions (a real code: US Treasury Receipts)

FIX.4.1

200

MaturityMonthYear

MonthYear

For Options or Futures to specify the month and year of maturity.

FIX.4.1

205

MaturityDay

DayOfMonth

For Options or Futures and can be used in conjunction with MaturityMonthYear to specify a particular maturity date.

FIX.4.1

201

PutOrCall

int

For Options.

▶ 2 enum values

Value	Name	Description
0	Put	Put
1	Call	Call

FIX.4.1

202

StrikePrice

float

For Options.

FIX.4.1

206

OptAttribute

char

For Options.

FIX.4.1

207

SecurityExchange

char

Can be used to identify the security.

FIX.4.1

106

Issuer

char

Company name of security issuer (e.g. International Business Machines)

FIX.3.0

107

SecurityDesc

char

Security description.

FIX.3.0

Side

char

Side of order

▶ 8 enum values

Value	Name	Description
1	Buy	Buy
2	Sell	Sell
3	BuyMinus	Buy minus
4	SellPlus	Sell plus
5	SellShort	Sell short
6	SellShortExempt	Sell short exempt
7	Undisclosed	Undisclosed (valid for IOI message only)
8	Cross	Cross (orders where counterparty is an exchange, valid for all messages except IOIs)

FIX.2.7

OrderQty

int

Number of shares ordered

FIX.2.7

OrdType

char

Order type.

▶ 18 enum values

Value	Name	Description
1	Market	Market
2	Limit	Limit
3	Stop	Stop
4	StopLimit	Stop limit
5	MarketOnClose	Market on close
6	WithOrWithout	With or without
7	LimitOrBetter	Limit or better
8	LimitWithOrWithout	Limit with or without
9	OnBasis	On basis
A	OnClose	On close
B	LimitOnClose	Limit on close
C	ForexMarket	Forex - Market
D	PreviouslyQuoted	Previously quoted
E	PreviouslyIndicated	Previously indicated
F	ForexLimit	Forex - Limit
G	ForexSwap	Forex - Swap
H	ForexPreviouslyQuoted	Forex - Previously Quoted
P	Pegged	Pegged (requires ExecInst = L, R, M, P or O)

FIX.2.7

Price

float

Required if specified on the order

FIX.2.7

StopPx

float

Required if specified on the order

FIX.2.7

211

PegDifference

float

Required if specified on the order

FIX.4.1

Currency

char

Identifies currency used for price. Absence of this field is interpreted as the default for the security. It is recommended that systems provide the currency value whenever possible. See Appendix A for information on obtaining valid values.

FIX.2.7

TimeInForce

char

Absence of this field indicates Day order

▶ 7 enum values

Value	Name	Description
0	Day	Day
1	GoodTillCancel	Good Till Cancel (GTC)
2	AtTheOpening	At the Opening (OPG)
3	ImmediateOrCancel	Immediate or Cancel (OC)
4	FillOrKill	Fill or Kill (FOK)
5	GoodTillCrossing	Good Till Crossing (GTX)
6	GoodTillDate	Good Till Date

FIX.2.7

126

ExpireTime

time

Required if TimeInForce = GTD

FIX.4.0

ExecInst

char

Can contain multiple instructions, space delimited.

▶ 27 enum values

Value	Name	Description
0	StayOnOfferSide	Stay on offerside
1	NotHeld	Not held
2	Work	Work
3	GoAlong	Go along
4	OverTheDay	Over the day
5	Held	Held
6	ParticipateDoNotInitiate	Participate don't initiate
7	StrictScale	Strict scale
8	TryToScale	Try to scale
9	StayOnBidSide	Stay on bidside
A	NoCross	No cross (cross is forbidden)
B	OKToCross	OK to cross
C	CallFirst	Call first
D	PercentOfVolume	Percent of volume (indicates that the sender does not want to be all of the volume on the floor vs. a specific percentage)
E	DoNotIncrease	Do not increase - DNI
F	DoNotReduce	Do not reduce - DNR
G	AllOrNone	All or none - AON
I	InstitutionsOnly	Institutions only
L	LastPeg	Last peg (last sale)
M	MidPricePeg	Mid-price peg (midprice of inside quote)
N	NonNegotiable	Non-negotiable
O	OpeningPeg	Opening peg
P	MarketPeg	Market peg
R	PrimaryPeg	Primary peg (primary market - buy at bid/sell at offer)
S	Suspend	Suspend
U	CustomerDisplayInstruction	Customer Display Instruction (Rule11Ac1-1/4)
V	Netting	Netting (for Forex)

FIX.2.7

Rule80A

char

Note that the name of this field is changing to "OrderCapacity" as Rule80A is a very US market-specific term. Other world markets need to convey similar information, however, often a subset of the US values. . See the "Rule80A (aka OrderCapacity) Usage by Market" appendix for market-specific usage of this field.

▶ 23 enum values

Value	Name	Description
A	AgencySingleOrder	Agency single order
B	ShortExemptTransactionAType	Short exempt transaction (refer to A type)
C	ProprietaryNonAlgo	Program Order, non-index arb, for Member firm/org
D	ProgramOrderMember	Program Order, index arb, for Member firm/org
E	ShortExemptTransactionForPrincipal	Registered Equity Market Maker trades
F	ShortExemptTransactionWType	Short exempt transaction (refer to W type)
H	ShortExemptTransactionIType	Short exempt transaction (refer to I type)
I	IndividualInvestor	Individual Investor, single order
J	ProprietaryAlgo	Program Order, index arb, for individual customer
K	AgencyAlgo	Program Order, non-index arb, for individual customer
L	ShortExemptTransactionMemberAffliated	Short exempt transaction for member competing market-maker affiliated with the firm clearing the trade (refer to P and O types)
M	ProgramOrderOtherMember	Program Order, index arb, for other member
N	AgentForOtherMember	Program Order, non-index arb, for other member
O	ProprietaryTransactionAffiliated	Competing dealer trades
P	Principal	Principal
R	TransactionNonMember	Competing dealer trades
S	SpecialistTrades	Specialist trades
T	TransactionUnaffiliatedMember	Competing dealer trades
U	AgencyIndexArb	Program Order, index arb, for other agency
W	AllOtherOrdersAsAgentForOtherMember	All other orders as agent for other member
X	ShortExemptTransactionMemberNotAffliated	Short exempt transaction for member competing market-maker not affiliated with the firm clearing the trade (refer to W and T types)
Y	AgencyNonAlgo	Program Order, non-index arb, for other agency
Z	ShortExemptTransactionNonMember	Short exempt transaction for non-member competing market-maker (refer to A and R types)

FIX.2.7

LastShares

int

Quantity of shares bought/sold on this (last) fill. Not required ExecTransType = 3 (Status).

FIX.2.7

LastPx

float

Price of this (last) fill. Not required for ExecTransType = 3 (Status), Should represent the "all-in" (LastSpotRate + LastForwardPoints) rate for F/X orders.

FIX.2.7

194

LastSpotRate

float

Applicable for F/X orders

FIX.4.1

195

LastForwardPoints

float

Applicable for F/X orders

FIX.4.1

LastMkt

char

Market of execution for last fill Valid values: See Appendix C

FIX.2.7

LastCapacity

char

Broker capacity in order execution

▶ 4 enum values

Value	Name	Description
1	Agent	Agent
2	CrossAsAgent	Cross as agent
3	CrossAsPrincipal	Cross as principal
4	Principal	Principal

FIX.2.7

151

LeavesQty

int

Amount of shares open for further execution. If the OrdStatus is Canceled, DoneForTheDay, Expired, Calculated, or Rejected (in which case the order is no longer active) then LeavesQty could be 0, otherwise LeavesQty = OrderQty - CumQty.

FIX.4.1

CumQty

int

Currently executed shares for chain of orders.

FIX.2.7

AvgPx

float

Calculated average price of all fills on this order.

FIX.2.7

TradeDate

date

Used when reporting other than current day trades.