Order Type 40=6/8/9 (supported by NYSE)

, ,
1

Imported from previous forum

2

[ original email was from Rahul Shah - rahul.shah@wipro.com ]
Hi,

Above order types are supported by NYSE but I don’t know use of it or meaning of it.

If any one has some idea regarding this please let me know. Any pointers to web links which explain above FIX order types will be really useful

Thank You in advance

~ Rahul

3

[ original email was from Ambar Arasan - ambar.arasan@tradeturquoise.com ]
Hi Rahul Shaw
Refer to NYSE website for more informations on their FIX specification.

http://www.nyse.com/pdfs/NYSE%20CCG-SDBK%20FIX%20Specification%204%201b.pdf

Thanks
Ambar

Hi,

Above order types are supported by NYSE but I don’t know use of it or
meaning of it.

If any one has some idea regarding this please let me know. Any pointers
to web links which explain above FIX order types will be really useful

Thank You in advance

~ Rahul

4

[ original email was from Harish Kamaley - harish.kamaley@wipro.com ]
1. OrderType 40=6 [With or without]
An odd lot order filled on an effective round lot transaction, or on an effective bid or offer, whichever occurs first after the specialist receives the order.

  1. OrderType 40=8 [Limit With or Without]
    An order to be executed at a limit price, with or without round-lot sales; valid only for odd lot orders.

  2. OrderType 40=9 [On basis]
    A price established by joint agreement of odd-lot dealers in 100-share-unit stocks when:

  • no round-lot has occurred during the trading session,
  • the spread between the closing bid and offer is two points or more, and
  • on odd-lot the dealer has been given a “basis-price” order.

Regards

Hi Rahul Shaw Refer to NYSE website for more informations on their FIX
specification.

http://www.nyse.com/pdfs/NYSE%20CCG-
SDBK%20FIX%20Specification%204%201b.pdf

Thanks Ambar

Hi,

Above order types are supported by NYSE but I don’t know use of it or
meaning of it.

If any one has some idea regarding this please let me know. Any
pointers to web links which explain above FIX order types will be
really useful

Thank You in advance

~ Rahul