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--- developers:fixapi:activationonmarketmodeorder [2025/09/12 01:48] – removed - external edit (Unknown date) 127.0.0.1
+++ developers:fixapi:activationonmarketmodeorder [2025/09/12 01:48] (current) – ↷ Page moved and renamed from developers:fixapi.activationonmarketmodeorder to developers:fixapi:activationonmarketmodeorder chad
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+===== On Market Mode Activation Order =====
+On Market Mode **Activation Orders** will be held (i.e. suspended) in the **T4 FIX API** server until the specific market mode event (as entered with the **Activation Value** - Tag 10103) occurs.
+At this activation point, the order is released to the exchange.
+An Activation Order is entered with the **New Order Single** (Tag 35=D) message.
+Following are the most relevant tags to build an On Market Mode Activation Order:
+^ Tag ^ Field ^ Description ^
+| 10102=4 | Activation Type | Specifier of Activation Order - On Market Mode |
+| 10103   | Activation Value | Market Mode Event to activate the order |
+| 48      | SecurityID | Market for which the order is sent |
+| 55      | Symbol | Contract for which the order is sent |
+| 207     | SecurityExchange | Exchange for which the order is sent |
+| 167     | SecurityType | Security Type (e.g. Futures) of this specific market |
+----
+**Activation Value Format** (**Tag 10103**):
+`Market Mode;Cancel Time`
+  * **Mode** – Required. The market mode to activate the order on.
+  * **Cancel Time** – Optional. The time to cancel the order if it is still working or not yet activated.
+    - Can be specified as a full date/time in the format `dd MMM yyyy HH:mm:ss`
+    - Or as a number of seconds from now.
+----
+**Examples of ActivationValue:**
+  * `Open` – Activates when the market opens.
+  * `PreOpen` – Activates when the market goes pre-open.
+  * `Open;05 Jul 2012 18:00:00` – Activates the order when the market opens, cancels at the specified date/time if not yet triggered or still working. (Times are U.S. Central Time.)
+  * `Open;100` – Activates when the market opens, cancels 100 seconds from now if not yet triggered or still working.
+----
+**Sample**
+In this example, the activation order is submitted, accepted by the **T4 FIX API** and awaits activation by the trigger of *Market Open*.
+When the market opens, the order is submitted to the exchange as a market order.
+Activation Order - On Market Mode
+<code>
+>> 2/22/2013 5:08:06 PM   [FIXNEWORDER] 34=16|49=T4Example|56=T4|50=TraderName|52=20130222-23:08:06.007|1=Account1|11=fn-634971496860072990|48=CME_20130300_ESH3|55=ES|207=CME_Eq|54=1|38=1|40=1|59=0|167=FUT|21=1|60=20130222-23:08:06.007|204=0|10102=4|10103=PreOpen|
+[FIXNEWORDER]
+[MsgSeqNum] 34 = 16
+[SenderCompID] 49 = T4Example
+[TargetCompID] 56 = T4
+[SenderSubID] 50 = TraderName
+[SendingTime] 52 = 20130222-23:08:06.007
+[Account] 1 = Account1
+[ClOrdID] 11 = fn-634971496860072990
+[SecurityID] 48 = CME_20130300_ESH3
+[Symbol] 55 = ES
+[SecurityExchange] 207 = CME_Eq
+[Side] 54 = 1 (BUY)
+[OrderQty] 38 = 1
+[OrdType] 40 = 1 (MARKET)
+[TimeInForce] 59 = 0 (DAY)
+[SecurityType] 167 = FUT (FUTURE)
+[HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION)
+[TransactTime] 60 = 20130222-23:08:06.007
+[CustomerOrFirm] 204 = 0 (CUSTOMER)
+[ActivationType] 10102 = 4 (ON_MARKET_MODE)
+[ActivationValue] 10103 = Open
+</code>
+Activation Order - Response Awaiting Activation
+<code>
+<< 2/22/2013 5:08:06 PM  [fixexecutionreport] 34=66|49=T4|56=T4Example|50=T4FIX|52=20130222-23:08:06.038|143=US,IL|1=Account1|11=fn-634971496860072990|17=0.634971496874862500.2.4.8E0C143A|150=9|37=8E0C143A-2B30-4E34-A79A-21349C6478B0|39=9|48=CME_20130300_ESH3|55=ES|207=CME_Eq|200=201303|59=0|107=E-mini S&P 500 Mar13|54=1|167=FUT|38=1|40=1|58=Activation Pending: SubmissionRiskSuccess. Order Held|60=20130222-23:08:07.470|21=1|204=0|10102=4|10103=PreOpen|
+[FIXEXECUTIONREPORT]
+[MsgSeqNum] 34 = 66
+[SenderCompID] 49 = T4
+[TargetCompID] 56 = T4Example
+[SenderSubID] 50 = T4FIX
+[SendingTime] 52 = 20130222-23:08:06.038
+[TargetLocationID] 143 = US,IL
+[Account] 1 = Account1
+[ClOrdID] 11 = fn-634971496860072990
+[ExecID] 17 = 0.634971496874862500.2.4.8E0C143A
+[ExecType] 150 = 9 (SUSPENDED)
+[OrderID] 37 = 8E0C143A-2B30-4E34-A79A-21349C6478B0
+[OrdStatus] 39 = 9 (SUSPENDED)
+[SecurityID] 48 = CME_20130300_ESH3
+[Symbol] 55 = ES
+[SecurityExchange] 207 = CME_Eq
+[MaturityMonthYear] 200 = 201303
+[TimeInForce] 59 = 0 (DAY)
+[SecurityDesc] 107 = E-mini S&P 500 Mar13
+[Side] 54 = 1 (BUY)
+[SecurityType] 167 = FUT (FUTURE)
+[OrderQty] 38 = 1
+[OrdType] 40 = 1 (MARKET)
+[Text] 58 = Activation Pending: SubmissionRiskSuccess. Order Held
+[TransactTime] 60 = 20130222-23:08:07.470
+[HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION)
+[CustomerOrFirm] 204 = 0 (CUSTOMER)
+[ActivationType] 10102 = 4 (ON_MARKET_MODE)
+[ActivationValue] 10103 = Open
+</code>
+Further details on the tags used for this order type are described in the dictionary of the New Order Single message.
+[[developers:legacy_fix_api|T4 FIX API Home]]