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--- developers:fixapi:hitorder [2025/09/12 01:47] – removed - external edit (Unknown date) 127.0.0.1
+++ developers:fixapi:hitorder [2025/09/12 01:47] (current) – ↷ Page moved and renamed from developers:fixapi.hitorder to developers:fixapi:hitorder chad
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+===== Hit Order =====
+A **Hit Order** submits a limit order at the best bid or offer price in order to get filled.
+A Hit Order is entered with the **New Order Single** (Tag 35=D) message.
+Following are the most relevant tags to build a Hit Order:
+^ Tag ^ Field ^ Description ^
+| 40=H | OrdType | Specifier of Hit Order Type |
+| 54   | Side | Set to 1 (BUY) to hit the best offer (buying at the best offer price). Set to 2 (SELL) to hit the best bid (selling at the best bid price). |
+| 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 |
+----
+**Sample**
+In this example, the Hit order is submitted by setting **OrdType** (Tag 40) = **H**.
+Note that **Price** (Tag 44) is not entered.
+Hit Order
+<code>
+>> 2/22/2013 11:55:46 AM   [FIXNEWORDER] 34=35|49=T4Example|56=T4|50=TraderName|52=20130222-17:55:46.683|1=Account1|11=fn-634971309466837611|48=CME_20130300_ESH3|55=ES|207=CME_Eq|54=1|38=1|40=H|59=0|167=FUT|21=1|60=20130222-17:55:46.683|204=0|
+[FIXNEWORDER]
+[MsgSeqNum] 34 = 35
+[SenderCompID] 49 = T4Example
+[TargetCompID] 56 = T4
+[SenderSubID] 50 = TraderName
+[SendingTime] 52 = 20130222-17:55:46.683
+[Account] 1 = Account1
+[ClOrdID] 11 = fn-634971309466837611
+[SecurityID] 48 = CME_20130300_ESH3
+[Symbol] 55 = ES
+[SecurityExchange] 207 = CME_Eq
+[Side] 54 = 1 (BUY)
+[OrderQty] 38 = 1
+[OrdType] 40 = H (HIT)
+[TimeInForce] 59 = 0 (DAY)
+[SecurityType] 167 = FUT (FUTURE)
+[HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION)
+[TransactTime] 60 = 20130222-17:55:46.683
+[CustomerOrFirm] 204 = 0 (CUSTOMER)
+</code>
+Hit Order Response - Awaiting Trigger
+<code>
+<< 2/22/2013 11:55:46 AM  [fixexecutionreport] 34=84|49=T4|56=T4Example|50=T4FIX|52=20130222-17:55:46.714|143=US,IL|1=Account1|11=fn-634971309466837611|17=0.634971309480275000.2.1.BEA493C4|150=A|37=BEA493C4-AB3C-4369-BC14-21CF8D4329FA|39=A|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=H|58=Hit Awaiting Trigger|60=20130222-17:55:48.027|21=1|204=0|
+[FIXEXECUTIONREPORT]
+[MsgSeqNum] 34 = 84
+[SenderCompID] 49 = T4
+[TargetCompID] 56 = T4Example
+[SenderSubID] 50 = T4FIX
+[SendingTime] 52 = 20130222-17:55:46.714
+[TargetLocationID] 143 = US,IL
+[Account] 1 = Account1
+[ClOrdID] 11 = fn-634971309466837611
+[ExecID] 17 = 0.634971309480275000.2.1.BEA493C4
+[ExecType] 150 = A (PENDING_NEW)
+[OrderID] 37 = BEA493C4-AB3C-4369-BC14-21CF8D4329FA
+[OrdStatus] 39 = A (PENDING_NEW)
+[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 = H (HIT)
+[Text] 58 = Hit Awaiting Trigger
+[TransactTime] 60 = 20130222-17:55:48.027
+[HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION)
+[CustomerOrFirm] 204 = 0 (CUSTOMER)
+</code>
+Hit Order Response
+<code>
+<< 2/22/2013 11:55:46 AM  [fixexecutionreport] 34=85|49=T4|56=T4Example|50=T4FIX|52=20130222-17:55:46.746|143=US,IL|1=Account1|11=fn-634971309466837611|17=48064.6419490058_ESH3.6349713094817500006.1.BEA493C4|150=0|37=BEA493C4-AB3C-4369-BC14-21CF8D4329FA|39=0|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=2|44=149850|60=20130222-17:55:48.175|21=1|204=0|
+[FIXEXECUTIONREPORT]
+[MsgSeqNum] 34 = 85
+[SenderCompID] 49 = T4
+[TargetCompID] 56 = T4Example
+[SenderSubID] 50 = T4FIX
+[SendingTime] 52 = 20130222-17:55:46.746
+[TargetLocationID] 143 = US,IL
+[Account] 1 = Account1
+[ClOrdID] 11 = fn-634971309466837611
+[ExecID] 17 = 48064.6419490058_ESH3.6349713094817500006.1.BEA493C4
+[ExecType] 150 = 0 (NEW)
+[OrderID] 37 = BEA493C4-AB3C-4369-BC14-21CF8D4329FA
+[OrdStatus] 39 = 0 (NEW)
+[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 = 2 (LIMIT)
+[Price] 44 = 149850
+[TransactTime] 60 = 20130222-17:55:48.175
+[HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION)
+[CustomerOrFirm] 204 = 0 (CUSTOMER)
+</code>
+Hit Order Fill
+<code>
+<< 2/22/2013 11:55:46 AM  [fixexecutionreport] 34=86|49=T4|56=T4Example|50=T4FIX|52=20130222-17:55:46.933|143=US,IL|1=Account1|11=fn-634971309466837611|17=64201:7469291TN0601616.63497130948175000021.2.BEA493C4|150=F|37=BEA493C4-AB3C-4369-BC14-21CF8D4329FA|39=2|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=2|44=149850|31=149850|32=1|14=1|151=0|60=20130222-17:55:48.230|21=1|204=0|337=TRADE|375=CME000A|
+[FIXEXECUTIONREPORT]
+[MsgSeqNum] 34 = 86
+[SenderCompID] 49 = T4
+[TargetCompID] 56 = T4Example
+[SenderSubID] 50 = T4FIX
+[SendingTime] 52 = 20130222-17:55:46.933
+[TargetLocationID] 143 = US,IL
+[Account] 1 = Account1
+[ClOrdID] 11 = fn-634971309466837611
+[ExecID] 17 = 64201:7469291TN0601616.63497130948175000021.2.BEA493C4
+[ExecType] 150 = F
+[OrderID] 37 = BEA493C4-AB3C-4369-BC14-21CF8D4329FA
+[OrdStatus] 39 = 2 (FILLED)
+[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 = 2 (LIMIT)
+[Price] 44 = 149850
+[LastPx] 31 = 149850
+[LastShares] 32 = 1
+[CumQty] 14 = 1
+[LeavesQty] 151 = 0
+[TransactTime] 60 = 20130222-17:55:48.230
+[HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION)
+[CustomerOrFirm] 204 = 0 (CUSTOMER)
+[ContraTrader] 337 = TRADE
+[ContraBroker] 375 = CME000A
+</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]]