FIX 5.0 Tag 40: OrdType

Order type, such as market, limit, stop or stop limit.

Tag number: 40
Data type: CHAR
FIX version: FIX 5.0
Used in: 19 message types

Data type

CHAR: A single character.

Valid values in FIX 5.0

24 enumerated values.

Value	Meaning
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 market
D	Previously quoted
E	Previously indicated
F	Forex limit
G	Forex swap
H	Forex previously quoted
I	Funari
J	Market if touched
K	Market with left over as limit
L	Previous fund valuation point
M	Next fund valuation point
P	Pegged
Q	Counter order selection

FIX 5.0 message types that use tag 40

MsgType	Message	Use in the message
8	Execution Report	Optional
D	New Order Single	Required
E	New Order List	Optional, in group NoOrders (73)
G	Order Cancel/Replace Request	Required
R	Quote Request	Optional, in group NoRelatedSym (146)
S	Quote	Optional
W	Market Data Snapshot Full Refresh	Optional, in group NoMDEntries (268)
X	Market Data Incremental Refresh	Optional, in group NoMDEntries (268)
AB	New Order Multileg	Required
AC	Multileg Order Cancel/Replace	Required
AE	Trade Capture Report	Optional, in group NoSides (552)
AG	Quote Request Reject	Optional, in group NoRelatedSym (146)
AI	Quote Status Report	Optional
AJ	Quote Response	Optional
AR	Trade Capture Report Ack	Optional, in group NoSides (552)
b	Mass Quote Ack	Optional, in group NoQuoteEntries (295)
i	Mass Quote	Optional, in group NoQuoteEntries (295)
s	New Order Cross	Required
t	Cross Order Cancel Replace Request	Required

Also in other versions

Tag 40 across all FIX versions

Decode a message with this tag

Field and message data comes from the QuickFIX data dictionaries for FIX 4.0 to 5.0 SP2 and FIXT 1.1, used under the QuickFIX Software License. This product includes software developed by quickfixengine.org (http://www.quickfixengine.org/). Enumerated value names are converted to plain text for reading.