# Time In Force Values - Functionality **URL:** \ **Category:** General Q&A\ **Tags:** general-qa, xid\_167728, imported\ **Created:** [October 16, 2008, 10:33am UTC](https://forum.fixtrading.org/t/time-in-force-values-functionality/4677 "2008-10-16T10:33:19Z")\ **Posts on this page:** 6\ **Page:** 1
**Author:** ![bsdivakal\_x](https://avatars.discourse-cdn.com/v4/letter/b/a88e4f/32.png) [@bsdivakal\_x](https://forum.fixtrading.org/u/bsdivakal_x)\ **Post date:** [October 16, 2008, 10:33am UTC](https://forum.fixtrading.org/t/time-in-force-values-functionality/4677/1 "2008-10-16T10:33:19Z")
Imported from previous forum ---
**Author:** ![bsdivakal\_x](https://avatars.discourse-cdn.com/v4/letter/b/a88e4f/32.png) [@bsdivakal\_x](https://forum.fixtrading.org/u/bsdivakal_x)\ **Post date:** [October 16, 2008, 10:33am UTC](https://forum.fixtrading.org/t/time-in-force-values-functionality/4677/2 "2008-10-16T10:33:19Z")
Could any one help in how to send a new order at the opening with the following values from FIX 4.4 Valid From - Good From Next Automatch Valid Till - Good Till Day The functionality should be like this: Order stays in the Inactive Order book, should not be participated during Auction Uncross. It should come to Active once the session moves to Normal Trading and stays in the Order book till EOD. Should be Cancelled when the system moves to post close Many Thanks, Sreedhar Divakala ---
**Author:** ![fplpo\_x](https://avatars.discourse-cdn.com/v4/letter/f/7ab992/32.png) [@fplpo\_x](https://forum.fixtrading.org/u/fplpo_x)\ **Post date:** [October 16, 2008, 2:33pm UTC](https://forum.fixtrading.org/t/time-in-force-values-functionality/4677/3 "2008-10-16T14:33:34Z")
[original email was from Ambar Arasan - [ambar.arasan@tradeturquoise.com](mailto:ambar.arasan@tradeturquoise.com) ] To repharse Sreedhar’s query, Are there 2 TIF conditions in FIX, In our exchange we have auctions where you have order types like Good-From-Next-Automatch & Good till day. This is taken care in our native protocol but the same isn’t possible for us using FIX. Please advise how this can be accommodated using FIX. Thanks in advance. Ambar > Could any one help in how to send a new order at the opening with the > following values from FIX 4.4 > > Valid From - Good From Next Automatch Valid Till - Good Till Day > > The functionality should be like this: Order stays in the Inactive > Order book, should not be participated during Auction Uncross. It > should come to Active once the session moves to Normal Trading and > stays in the Order book till EOD. Should be Cancelled when the system > moves to post close > > Many Thanks, Sreedhar Divakala ---
**Author:** ![rikardhedberg\_x](https://avatars.discourse-cdn.com/v4/letter/r/87869e/32.png) [@rikardhedberg\_x](https://forum.fixtrading.org/u/rikardhedberg_x)\ **Post date:** [October 16, 2008, 2:45pm UTC](https://forum.fixtrading.org/t/time-in-force-values-functionality/4677/4 "2008-10-16T14:45:18Z")
FIX supports a repeating group of TradingSessionID (336) and in later versions TradingSessionSubID (625). Those are intended to qualify the sessions that the order is valid for in cases where the TimeINForce is not sufficient. In FIX 5.0 TimeInForce (59) = 0 was clarified to mean “Day (or session)”. So your problem can be solved by providing TimeInForce = “0” and a list of TradingSession(Sub)IDs. Naturally such exotic functionality is subject to bilateral agreement. Certainly not all marketplaces support it. Regards Rikard > To repharse Sreedhar’s query, Are there 2 TIF conditions in FIX, In our > exchange we have auctions where you have order types like Good-From-Next- > Automatch & Good till day. This is taken care in our native protocol but > the same isn’t possible for us using FIX. > > Please advise how this can be accommodated using FIX. > > Thanks in advance. > > Ambar > > > Could any one help in how to send a new order at the opening with the > > following values from FIX 4.4 > > > > Valid From - Good From Next Automatch Valid Till - Good Till Day > > > > The functionality should be like this: Order stays in the Inactive > > Order book, should not be participated during Auction Uncross. It > > should come to Active once the session moves to Normal Trading and > > stays in the Order book till EOD. Should be Cancelled when the system > > moves to post close > > > > Many Thanks, Sreedhar Divakala ---
**Author:** ![fplpo\_x](https://avatars.discourse-cdn.com/v4/letter/f/7ab992/32.png) [@fplpo\_x](https://forum.fixtrading.org/u/fplpo_x)\ **Post date:** [October 16, 2008, 3:01pm UTC](https://forum.fixtrading.org/t/time-in-force-values-functionality/4677/5 "2008-10-16T15:01:54Z")
[original email was from Ambar Arasan - [ambar.arasan@tradeturquoise.com](mailto:ambar.arasan@tradeturquoise.com) ] Hi Rikard Thanks for your response, but i think this option is available from FIX 5.0 and above? At the moment we use FIX 4.4, hence would like to know if we can use these tags effectively though they are available for use in this version. It would be very helpful if you can give us a sample message with these tags included. Thanks Ambar > FIX supports a repeating group of TradingSessionID (336) and in later > versions TradingSessionSubID (625). Those are intended to qualify the > sessions that the order is valid for in cases where the TimeINForce is > not sufficient. In FIX 5.0 TimeInForce (59) = 0 was clarified to mean > “Day (or session)”. So your problem can be solved by providing > TimeInForce = “0” and a list of TradingSession(Sub)IDs. > > Naturally such exotic functionality is subject to bilateral agreement. > Certainly not all marketplaces support it. > > Regards > > Rikard > > > To repharse Sreedhar’s query, Are there 2 TIF conditions in FIX, In > > our exchange we have auctions where you have order types like Good-From-Next- > > Automatch & Good till day. This is taken care in our native protocol > > but the same isn’t possible for us using FIX. > > > > Please advise how this can be accommodated using FIX. > > > > Thanks in advance. > > > > Ambar > > > > > Could any one help in how to send a new order at the opening with > > > the following values from FIX 4.4 > > > > > > Valid From - Good From Next Automatch Valid Till - Good Till Day > > > > > > The functionality should be like this: Order stays in the Inactive > > > Order book, should not be participated during Auction Uncross. It > > > should come to Active once the session moves to Normal Trading and > > > stays in the Order book till EOD. Should be Cancelled when the > > > system moves to post close > > > > > > Many Thanks, Sreedhar Divakala ---
**Author:** ![hanno.klein](https://yyz2.discourse-cdn.com/flex010/user_avatar/forum.fixtrading.org/hanno.klein/32/38_2.png) [@hanno.klein](https://forum.fixtrading.org/u/hanno.klein)\ **Post date:** [October 21, 2008, 10:30am UTC](https://forum.fixtrading.org/t/time-in-force-values-functionality/4677/6 "2008-10-21T10:30:43Z")
The repeating group of trading session IDs is available as of FIX 4.2. FIX 4.4 already has a second field trading session sub ID. Values can be bilaterally agreed as Strings. You can thus use FIX 4.4 syntax and follow FIX 5.0 SP1 semantics by using its pre-defined values as follows: 386 NoTradingSessions = 1 > 336 TradingSessionID = “1” (Day) > 625 TradingSessionSubID = “3” ((Continuous) Trading) > 59 TimeInForce = 0 (Day (or session)) Regards, Hanno. > Hi Rikard Thanks for your response, but i think this option is available > from FIX 5.0 and above? At the moment we use FIX 4.4, hence would like > to know if we can use these tags effectively though they are available > for use in this version. > > It would be very helpful if you can give us a sample message with these > tags included. > > Thanks Ambar > > > FIX supports a repeating group of TradingSessionID (336) and in later > > versions TradingSessionSubID (625). Those are intended to qualify the > > sessions that the order is valid for in cases where the TimeINForce is > > not sufficient. In FIX 5.0 TimeInForce (59) = 0 was clarified to mean > > “Day (or session)”. So your problem can be solved by providing > > TimeInForce = “0” and a list of TradingSession(Sub)IDs. > > > > Naturally such exotic functionality is subject to bilateral agreement. > > Certainly not all marketplaces support it. > > > > Regards > > > > Rikard