# Order Types correspondances **URL:** \ **Category:** General Q&A\ **Tags:** general-qa, xid\_166225, imported\ **Created:** [August 5, 2004, 11:13am UTC](https://forum.fixtrading.org/t/order-types-correspondances/2620 "2004-08-05T11:13:00Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![jeromebarthe\_x](https://avatars.discourse-cdn.com/v4/letter/j/94ad74/32.png) [@jeromebarthe\_x](https://forum.fixtrading.org/u/jeromebarthe_x)\ **Post date:** [August 5, 2004, 11:13am UTC](https://forum.fixtrading.org/t/order-types-correspondances/2620/1 "2004-08-05T11:13:00Z")
Imported from previous forum ---
**Author:** ![jeromebarthe\_x](https://avatars.discourse-cdn.com/v4/letter/j/94ad74/32.png) [@jeromebarthe\_x](https://forum.fixtrading.org/u/jeromebarthe_x)\ **Post date:** [August 5, 2004, 11:13am UTC](https://forum.fixtrading.org/t/order-types-correspondances/2620/2 "2004-08-05T11:13:00Z")
Hello, What would be the FIX equivalents to the following order validity: - MARKET TO LIMIT - PREFERRED LIMIT - OPEN - BEST LMT (Best limit on the same side) Thank you in advance. Regards, Jérôme Barthe ---
**Author:** ![jorgthonnes](https://yyz2.discourse-cdn.com/flex010/user_avatar/forum.fixtrading.org/jorgthonnes/32/196_2.png) [@jorgthonnes](https://forum.fixtrading.org/u/jorgthonnes)\ **Post date:** [August 5, 2004, 11:48am UTC](https://forum.fixtrading.org/t/order-types-correspondances/2620/3 "2004-08-05T11:48:00Z")
Hi Jérôme, \> What would be the FIX equivalents to the \> following order validity: \> \> - MARKET TO LIMIT \> - PREFERRED LIMIT \> - OPEN \> - BEST LMT (Best limit on the same side) In the NewOrderSingle message (MsgType=D), there are two character fields, which can have the following values (as of FIX 4.4): OrdType(40) - required: 1 : Market 2 : Limit 3 : Stop 4 : Stop limit 5 : Market on close (No longer used) 6 : With or without 7 : Limit or better (Deprecated) 8 : Limit with or without 9 : On basis A : On close (No longer used) B : Limit on close (No longer used) C : Forex - Market (No longer used) D : Previously quoted E : Previously indicated F : Forex - Limit (No longer used) G : Forex - Swap H : Forex - Previously Quoted (No longer used) I : Funari (Limit Day Order with unexecuted portion handled as Market On Close. E.g. Japan) J : Market If Touched (MIT) K : Market with Leftover as Limit (market order then unexecuted quantity becomes limit order at last price) L : Previous Fund Valuation Point (Historic pricing) (for CIV) M : Next Fund Valuation Point -(Forward pricing) (for CIV) P : Pegged TimeInForce(59): 0 : Day (or session) 1 : Good Till Cancel (GTC) 2 : At the Opening (OPG) 3 : Immediate or Cancel (IOC) 4 : Fill or Kill (FOK) 5 : Good Till Crossing (GTX) 6 : Good Till Date 7 : At the Close Have a look at the Glossary for business terms at the end of volume 1 of FIX 4.4 specification for explanation of the different values. You have probably to combine the two fields to get the desired results. Which exchange/ECN do you refer to? Perhaps you can describe the meaning of the different order validities, which makes easier for the other people to find matching FIX fields. Regards, Jörg ---
**Author:** ![jeromebarthe\_x](https://avatars.discourse-cdn.com/v4/letter/j/94ad74/32.png) [@jeromebarthe\_x](https://forum.fixtrading.org/u/jeromebarthe_x)\ **Post date:** [August 23, 2004, 12:16pm UTC](https://forum.fixtrading.org/t/order-types-correspondances/2620/4 "2004-08-23T12:16:00Z")
Thank you very much Jörg, I was refering to different cash markets, amongst them: Euronext, Sets, Xetra, Affari, Sibe, Nyse and Nasdaq. Indeed, for the "Open" order validity at least, the field 59 seems necessary. The Best Limit order type corresponds to the best limit on the same side. I matched the FIX order type Limit or Better (tag 40=7). The market to limit might correspond to the Market with leftover as Limit (tag 40=K). As for PREFERRED LIMIT, I unfortunately do not know the exact meaning. Regards, Jérôme \> Hi Jérôme, \> \> \> What would be the FIX equivalents to the \> \> following order validity: \> \> \> \> - MARKET TO LIMIT \> \> - PREFERRED LIMIT \> \> - OPEN \> \> - BEST LMT (Best limit on the same side) \> \> In the NewOrderSingle message (MsgType=D), there are two character fields, which can have the following values (as of FIX 4.4): \> \> OrdType(40) - required: \> 1 : Market \> 2 : Limit \> 3 : Stop \> 4 : Stop limit \> 5 : Market on close (No longer used) \> 6 : With or without \> 7 : Limit or better (Deprecated) \> 8 : Limit with or without \> 9 : On basis \> A : On close (No longer used) \> B : Limit on close (No longer used) \> C : Forex - Market (No longer used) \> D : Previously quoted \> E : Previously indicated \> F : Forex - Limit (No longer used) \> G : Forex - Swap \> H : Forex - Previously Quoted (No longer used) \> I : Funari (Limit Day Order with unexecuted portion handled as Market On Close. E.g. Japan) \> J : Market If Touched (MIT) \> K : Market with Leftover as Limit (market order then unexecuted quantity becomes limit order at last price) \> L : Previous Fund Valuation Point (Historic pricing) (for CIV) \> M : Next Fund Valuation Point -(Forward pricing) (for CIV) \> P : Pegged \> \> TimeInForce(59): \> 0 : Day (or session) \> 1 : Good Till Cancel (GTC) \> 2 : At the Opening (OPG) \> 3 : Immediate or Cancel (IOC) \> 4 : Fill or Kill (FOK) \> 5 : Good Till Crossing (GTX) \> 6 : Good Till Date \> 7 : At the Close \> \> Have a look at the Glossary for business terms at the end of volume 1 of FIX 4.4 specification for explanation of the different values. You have probably to combine the two fields to get the desired results. \> \> Which exchange/ECN do you refer to? Perhaps you can describe the meaning of the different order validities, which makes easier for the other people to find matching FIX fields. \> \> Regards, Jörg \> \> \>