Tag 18
ExecInst
Abbreviation:
ExecInstDescription
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. *** SOME VALUES HAVE BEEN REPLACED - See "Replaced Features and Supported Approach" *** (see Volume : "Glossary" for value definitions)
Wire Format & Usage Example
Single field (key=value)
18=0 (StayOnOfferSide)
In a FIX message (ExecutionReport)
8=FIX.4.4 | 9=... | 35=8 | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 18=0 (StayOnOfferSide) | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 18=0 (StayOnOfferSide) is this field's position in the message.
All valid values
| Wire | Name | Description |
|---|---|---|
18=0 | StayOnOfferSide | Stay on offer side |
18=1 | NotHeld | Not held |
18=2 | Work | Work |
18=3 | GoAlong | Go along |
18=4 | OverTheDay | Over the day |
18=5 | Held | Held |
18=6 | ParticipateDoNotInitiate | Participate don't initiate |
18=7 | StrictScale | Strict scale |
18=8 | TryToScale | Try to scale |
18=9 | StayOnBidSide | Stay on bid side |
18=A | NoCross | No cross (cross is forbidden) |
18=B | OKToCross | OK to cross |
18=C | CallFirst | Call first |
18=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) |
18=E | DoNotIncrease | Do not increase - DNI |
18=F | DoNotReduce | Do not reduce - DNR |
18=G | AllOrNone | All or none - AON |
18=H | ReinstateOnSystemFailure | Reinstate on system failure (mutually exclusive with Q and l) |
18=I | InstitutionsOnly | Institutions only |
18=J | ReinstateOnTradingHalt | Reinstate on Trading Halt (mutually exclusive with K and m) |
18=K | CancelOnTradingHalt | Cancel on Trading Halt (mutually exclusive with J and m) |
18=L | LastPeg | Last peg (last sale) |
18=M | MidPricePeg | Mid-price peg (midprice of inside quote) |
18=N | NonNegotiable | Non-negotiable |
18=O | OpeningPeg | Opening peg |
18=P | MarketPeg | Market peg |
18=Q | CancelOnSystemFailure | Cancel on system failure (mutually exclusive with H and l) |
18=R | PrimaryPeg | Primary peg (primary market - buy at bid/sell at offer) |
18=S | Suspend | Suspend |
18=T | FixedPegToLocalBestBidOrOfferAtTimeOfOrder | Fixed Peg to Local best bid or offer at time of order |
18=U | CustomerDisplayInstruction | Customer Display Instruction (Rule 11Ac1-1/4) |
18=V | Netting | Netting (for Forex) |
18=W | PegToVWAP | Peg to VWAP |
18=X | TradeAlong | Trade Along |
18=Y | TryToStop | Try To Stop |
18=Z | CancelIfNotBest | Cancel if not best |
18=a | TrailingStopPeg | Trailing Stop Peg |
18=b | StrictLimit | Strict Limit (No price improvement) |
18=c | IgnorePriceValidityChecks | Ignore Price Validity Checks |
18=d | PegToLimitPrice | Peg to Limit Price |
18=e | WorkToTargetStrategy | Work to Target Strategy |
18=f | IntermarketSweep | Intermarket Sweep |
18=g | ExternalRoutingAllowed | External Routing Allowed |
18=h | ExternalRoutingNotAllowed | External Routing Not Allowed |
18=i | ImbalanceOnly | Imbalance Only |
18=j | SingleExecutionRequestedForBlockTrade | Single execution requested for block trade |
18=k | BestExecution | Best Execution |
18=l | SuspendOnSystemFailure | Suspend on system failure (mutually exclusive with H and Q) |
18=m | SuspendOnTradingHalt | Suspend on Trading Halt (mutually exclusive with J and K) |
18=n | ReinstateOnConnectionLoss | Reinstate on connection loss (mutually exclusive with o and p) |
18=o | CancelOnConnectionLoss | Cancel on connection loss (mutually exclusive with n and p) |
18=p | SuspendOnConnectionLoss | Suspend on connection loss (mutually exclusive with n and o) |
18=q | ReleaseFromSuspension | Release from suspension (mutually exclusive with S) |
18=r | ExecuteAsDeltaNeutral | Execute as delta neutral using volatility provided |
18=s | ExecuteAsDurationNeutral | Execute as duration neutral |
18=t | ExecuteAsFXNeutral | Execute as FX neutral |
Enumerated Values
56| Value | Symbolic Name | Description | Added |
|---|---|---|---|
| 0 | StayOnOfferSide | Stay on offer side | FIX.2.7 |
| 1 | NotHeld | Not held | FIX.2.7 |
| 2 | Work | Work | FIX.2.7 |
| 3 | GoAlong | Go along | FIX.2.7 |
| 4 | OverTheDay | Over the day | FIX.2.7 |
| 5 | Held | Held | FIX.2.7 |
| 6 | ParticipateDoNotInitiate | Participate don't initiate | FIX.2.7 |
| 7 | StrictScale | Strict scale | FIX.2.7 |
| 8 | TryToScale | Try to scale | FIX.2.7 |
| 9 | StayOnBidSide | Stay on bid side | FIX.2.7 |
| A | NoCross | No cross (cross is forbidden) | FIX.2.7 |
| B | OKToCross | OK to cross | FIX.2.7 |
| C | CallFirst | Call first | FIX.2.7 |
| 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) | FIX.2.7 |
| E | DoNotIncrease | Do not increase - DNI | FIX.2.7 |
| F | DoNotReduce | Do not reduce - DNR | FIX.2.7 |
| G | AllOrNone | All or none - AON | FIX.2.7 |
| H | ReinstateOnSystemFailure | Reinstate on system failure (mutually exclusive with Q and l) | FIX.4.3 |
| I | InstitutionsOnly | Institutions only | FIX.3.0 |
| J | ReinstateOnTradingHalt | Reinstate on Trading Halt (mutually exclusive with K and m) | FIX.4.3 |
| K | CancelOnTradingHalt | Cancel on Trading Halt (mutually exclusive with J and m) | FIX.4.3 |
| L | LastPeg | Last peg (last sale) | FIX.3.0 |
| M | MidPricePeg | Mid-price peg (midprice of inside quote) | FIX.3.0 |
| N | NonNegotiable | Non-negotiable | FIX.3.0 |
| O | OpeningPeg | Opening peg | FIX.3.0 |
| P | MarketPeg | Market peg | FIX.3.0 |
| Q | CancelOnSystemFailure | Cancel on system failure (mutually exclusive with H and l) | FIX.4.3 |
| R | PrimaryPeg | Primary peg (primary market - buy at bid/sell at offer) | FIX.3.0 |
| S | Suspend | Suspend | FIX.3.0 |
| T | FixedPegToLocalBestBidOrOfferAtTimeOfOrder | Fixed Peg to Local best bid or offer at time of order | FIX.4.4 |
| U | CustomerDisplayInstruction | Customer Display Instruction (Rule 11Ac1-1/4) | FIX.4.1 |
| V | Netting | Netting (for Forex) | FIX.4.1 |
| W | PegToVWAP | Peg to VWAP | FIX.4.2 |
| X | TradeAlong | Trade Along | FIX.4.3 |
| Y | TryToStop | Try To Stop | FIX.4.3 |
| Z | CancelIfNotBest | Cancel if not best | FIX.4.4 |
| a | TrailingStopPeg | Trailing Stop Peg | FIX.4.4 |
| b | StrictLimit | Strict Limit (No price improvement) | FIX.4.4 |
| c | IgnorePriceValidityChecks | Ignore Price Validity Checks | FIX.4.4 |
| d | PegToLimitPrice | Peg to Limit Price | FIX.4.4 |
| e | WorkToTargetStrategy | Work to Target Strategy | FIX.4.4 |
| f | IntermarketSweep | Intermarket Sweep | FIX.4.4 |
| g | ExternalRoutingAllowed | External Routing Allowed | FIX.4.4 |
| h | ExternalRoutingNotAllowed | External Routing Not Allowed | FIX.4.4 |
| i | ImbalanceOnly | Imbalance Only | FIX.4.4 |
| j | SingleExecutionRequestedForBlockTrade | Single execution requested for block trade | FIX.4.4 |
| k | BestExecution | Best Execution | FIX.4.4 |
| l | SuspendOnSystemFailure | Suspend on system failure (mutually exclusive with H and Q) | FIX.5.0 |
| m | SuspendOnTradingHalt | Suspend on Trading Halt (mutually exclusive with J and K) | FIX.5.0 |
| n | ReinstateOnConnectionLoss | Reinstate on connection loss (mutually exclusive with o and p) | FIX.5.0 |
| o | CancelOnConnectionLoss | Cancel on connection loss (mutually exclusive with n and p) | FIX.5.0 |
| p | SuspendOnConnectionLoss | Suspend on connection loss (mutually exclusive with n and o) | FIX.5.0 |
| q | ReleaseFromSuspension | Release from suspension (mutually exclusive with S) | FIX.5.0 |
| r | ExecuteAsDeltaNeutral | Execute as delta neutral using volatility provided | FIX.5.0 |
| s | ExecuteAsDurationNeutral | Execute as duration neutral | FIX.5.0 |
| t | ExecuteAsFXNeutral | Execute as FX neutral | FIX.5.0 |