SGX Order Types

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Imported from previous forum

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Hi,
I need to build 2 SGX order types for testing, ‘SSOOpen’ and ‘SSOClose’.
Does anyone know the OrdType and TimeInForce for these order types?
Also, are there any other tags specific to these order types that are required?

many thanks for your help

Graham Carter

3

I assume you do not have any documentation from SGX on their order types. I believe SSO stands for “Session State Order” and SGX uses the term to denote orders that trigger only when the market transitions into a new session state, in this case “Open” or “Close”. Such orders have a normal order type such as Limit or Market or even Stop, i.e. the “SSO”-part should be conveyed by something else than the FIX field OrdType.

I suggest to use the TriggeringInstruction component as follows:

1100 TriggerType = 2 (Specified Trading Session)
1101 TriggerAction = 1 (Activate)
1113 TriggerTradingSessionID = 1 (Day)
1114 TriggerTradingSessionSubID = 2 (Opening) or 4 (Closing)

You cann omit TriggerAction if you would only ever use value 1 (Activate).

Regards,
Hanno.

Hi, I need to build 2 SGX order types for testing, ‘SSOOpen’ and
‘SSOClose’. Does anyone know the OrdType and TimeInForce for these order
types? Also, are there any other tags specific to these order types that
are required?

many thanks for your help

Graham Carter

4

Many thanks for that Hanno, I’ll try that

Thank you for your help

Graham

I assume you do not have any documentation from SGX on their order
types. I believe SSO stands for “Session State Order” and SGX uses the
term to denote orders that trigger only when the market transitions into
a new session state, in this case “Open” or “Close”. Such orders have a
normal order type such as Limit or Market or even Stop, i.e. the “SSO”-
part should be conveyed by something else than the FIX field OrdType.

I suggest to use the TriggeringInstruction component as follows:

1100 TriggerType = 2 (Specified Trading Session) 1101 TriggerAction = 1
(Activate) 1113 TriggerTradingSessionID = 1 (Day) 1114
TriggerTradingSessionSubID = 2 (Opening) or 4 (Closing)

You cann omit TriggerAction if you would only ever use value 1
(Activate).

Regards, Hanno.

Hi, I need to build 2 SGX order types for testing, ‘SSOOpen’ and
‘SSOClose’. Does anyone know the OrdType and TimeInForce for these
order types? Also, are there any other tags specific to these order
types that are required?

many thanks for your help

Graham Carter