A limit order is an order to buy or sell a stock at a specific price or better.
8=FIX.4.2 9=152 35=D 34=7332 49=TEST1 52=20160208-14:41:33.643 56=DWFIX01 1=DPQP000013 11=982A298766020822123456797 21=1 38=170 40=1 44=0.01 54=1 55=AMZN 60=20160208-14:41:33.643 10=243
8=FIX.4.2 9=233 35=8 34=10738 49=DWFIX01 52=20160208-14:41:34.126 56=TEST1 1=DPQP000013 6=0 11=982A298766020822123456797 14=0 17=91454714030646 20=0 21=1 31=0 32=0 37=DBCY000007 38=170 39=0 40=2 44=0.01 54=1 55=AMZN 59=0 60=20160208-14:41:34.039 99=0.01 150=0 151=170 10=152
What is a Limit Order?
A limit order is an order to buy or sell a stock at specific price or better.
Limit Order Notes
ClOrdID's (FIX tag
11) are persisted until Friday system reset 5-6pm ET. The sending system cannot send the same
ClOrdIDduring this week period. DriveWealth recommends the
ClOrdIDhave a concept of uniqueness encompasing date or other non-repeating pattern.
When can a Limit Order be placed?
Limit orders can be entered 23.75 hours a day (not accepted between 16:00-16:15 PM EST), but the Time In Force is still “Day” (FIX tag
A limit order entered after 16:15 PM EST will be executed the next trading day as a day limit. All unfilled limit orders in existence at 4PM will be cleared (FIX tag
Limit Order FIX Message
|Tag||Tag Description||Example Value||Value Description||Required|
|Length of message||Yes|
|Unique identifier for the order allocated by the client.||Yes|
|The identity of settlement account. Used to identify DriveWealth client account.||Yes|
|Order quantity. Must be greater than ||Yes|
|Time this order request was initiated/released by the trader or trading system.||Yes|
|Price in which to be executed at for limit orders only.||No|
|Should be set to ||No|
|"2022-05-01"||The date the order expires||"|
|All fields < ||All fields <18000 would be echoed back, but fields |
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