OrdType Definitions

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1

Imported from previous forum

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[ original email was from anthony cini - anthony.cini@jpmorgan.com ]
Is there a industry standard definition of these order types?

1 = Market
2 = Limit
3 = Stop
4 = Stop limit
5 = Market on close
6 = With or without
7 = Limit or better
8 = Limit with or without
9 = On basis
A = On close
B = Limit on close
C = Forex
D = Previously quoted
E = Previously indicated
P = Pegged (requires ExecInst = L, R, M, P or O)

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Refer to the "Glossary" in Volume 1 of FIX 4.3.

> Is there a industry standard definition of these order types?
>
> 1 = Market
> 2 = Limit
> 3 = Stop
> 4 = Stop limit
> 5 = Market on close
> 6 = With or without
> 7 = Limit or better
> 8 = Limit with or without
> 9 = On basis
> A = On close
> B = Limit on close
> C = Forex
> D = Previously quoted
> E = Previously indicated
> P = Pegged (requires ExecInst = L, R, M, P or O)
>
>

4

Refer to the “Glossary” in Volume 1 of FIX 4.3.

Is there a industry standard definition of these order types?

1 = Market 2 = Limit 3 = Stop 4 = Stop limit 5 = Market on close 6 =
With or without 7 = Limit or better 8 = Limit with or without 9 = On
basis A = On close B = Limit on close C = Forex D = Previously
quoted E = Previously indicated P = Pegged (requires ExecInst = L,
R, M, P or O)

Can anybody give the standard definition please?

5

[ original email was from Matt Simpson - msimpson@cme.com ]
you’ll find most of these definitions in the FIX 4.4 Volume 1 Glossary