Show pageOld revisionsBacklinksBack to top This page is read only. You can view the source, but not change it. Ask your administrator if you think this is wrong. ===== MarketIfTouched (MIT) Order ===== A **MarketIfTouched (MIT) Order** is submitted to the **T4 FIX API** server to suspend and await subsequent exchange submittal when a trigger price is hit. Once a trade occurs at the trigger price, the **T4 FIX API** server releases the MIT Order to the exchange as a **Market Order** (Tag 40=0). A MarketIfTouched Order is entered with the **New Order Single** (Tag 35=D) message. Following are the most relevant tags to build a MIT Order: ^ Tag ^ Field ^ Description ^ | 40=J | OrdType | Specifier of MarketIfTouched Order Type | | 44 | Price | Trade (Trigger) Price at which the suspended market order is sent to the exchange | | 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 order is submitted with a trigger price (**Tag 44**) of **150825**, suspended and waiting for the market to hit that trigger price. When the trigger price of **150825** is traded, the suspended order is submitted to the exchange as a **Market Order** (Tag 40=0) and is subsequently filled. Market-If-Touched Order <code> >> 2/25/2013 3:30:16 PM [FIXNEWORDER] 34=37|49=T4Example|56=T4|50=TraderName|52=20130225-21:30:16.414|1=Account1|11=fn-634974030164143822|48=CME_20130300_ESH3|55=ES|207=CME_Eq|54=1|38=1|40=J|44=150825|59=0|167=FUT|21=1|60=20130225-21:30:16.414|204=0| [FIXNEWORDER] [MsgSeqNum] 34 = 37 [SenderCompID] 49 = T4Example [TargetCompID] 56 = T4 [SenderSubID] 50 = TraderName [SendingTime] 52 = 20130225-21:30:16.414 [Account] 1 = Account1 [ClOrdID] 11 = fn-634974030164143822 [SecurityID] 48 = CME_20130300_ESH3 [Symbol] 55 = ES [SecurityExchange] 207 = CME_Eq [Side] 54 = 1 (BUY) [OrderQty] 38 = 1 [OrdType] 40 = J (MARKET_IF_TOUCHED) [Price] 44 = 150825 [TimeInForce] 59 = 0 (DAY) [SecurityType] 167 = FUT (FUTURE) [HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION) [TransactTime] 60 = 20130225-21:30:16.414 [CustomerOrFirm] 204 = 0 (CUSTOMER) </code> Market-If-Touched Order - Awaiting Trigger <code> << 2/25/2013 3:30:16 PM [fixexecutionreport] 34=120|49=T4|56=T4Example|50=T4FIX|52=20130225-21:30:16.424|143=US,IL|1=Account1|11=fn-634974030164143822|17=0.634974030189868750.2.1.24CFF6CF|150=A|37=24CFF6CF-C15F-4B8F-ABD7-9646820DEC57|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=J|44=150825|58=MIT Awaiting Trigger|60=20130225-21:30:18.986|21=1|204=0| [FIXEXECUTIONREPORT] [MsgSeqNum] 34 = 120 [SenderCompID] 49 = T4 [TargetCompID] 56 = T4Example [SenderSubID] 50 = T4FIX [SendingTime] 52 = 20130225-21:30:16.424 [TargetLocationID] 143 = US,IL [Account] 1 = Account1 [ClOrdID] 11 = fn-634974030164143822 [ExecID] 17 = 0.634974030189868750.2.1.24CFF6CF [ExecType] 150 = A (PENDING_NEW) [OrderID] 37 = 24CFF6CF-C15F-4B8F-ABD7-9646820DEC57 [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 = J (MARKET_IF_TOUCHED) [Price] 44 = 150825 [Text] 58 = MIT Awaiting Trigger [TransactTime] 60 = 20130225-21:30:18.986 [HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION) [CustomerOrFirm] 204 = 0 (CUSTOMER) </code> Market-If-Touched Order - Triggered and Working <code> << 2/25/2013 3:31:00 PM [fixexecutionreport] 34=122|49=T4|56=T4Example|50=T4FIX|52=20130225-21:31:00.695|143=US,IL|1=Account1|11=fn-634974030164143822|17=47998.6420180207_ESH3.6349740306333200006.1.24CFF6CF|150=0|37=24CFF6CF-C15F-4B8F-ABD7-9646820DEC57|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=1|60=20130225-21:31:03.332|21=1|204=0| [FIXEXECUTIONREPORT] [MsgSeqNum] 34 = 122 [SenderCompID] 49 = T4 [TargetCompID] 56 = T4Example [SenderSubID] 50 = T4FIX [SendingTime] 52 = 20130225-21:31:00.695 [TargetLocationID] 143 = US,IL [Account] 1 = Account1 [ClOrdID] 11 = fn-634974030164143822 [ExecID] 17 = 47998.6420180207_ESH3.6349740306333200006.1.24CFF6CF [ExecType] 150 = 0 (NEW) [OrderID] 37 = 24CFF6CF-C15F-4B8F-ABD7-9646820DEC57 [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 = 1 (MARKET) [TransactTime] 60 = 20130225-21:31:03.332 [HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION) [CustomerOrFirm] 204 = 0 (CUSTOMER) </code> Market-If-Touched Order - Filled <code> << 2/25/2013 3:31:00 PM [fixexecutionreport] 34=123|49=T4|56=T4Example|50=T4FIX|52=20130225-21:31:00.913|143=US,IL|1=Account1|11=fn-634974030164143822|17=64205:719653TN0041137.63497403063332000021.2.24CFF6CF|150=F|37=24CFF6CF-C15F-4B8F-ABD7-9646820DEC57|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=1|31=150825|32=1|14=1|151=0|60=20130225-21:31:03.471|21=1|204=0|337=TRADE|375=CME000A| [FIXEXECUTIONREPORT] [MsgSeqNum] 34 = 123 [SenderCompID] 49 = T4 [TargetCompID] 56 = T4Example [SenderSubID] 50 = T4FIX [SendingTime] 52 = 20130225-21:31:00.913 [TargetLocationID] 143 = US,IL [Account] 1 = Account1 [ClOrdID] 11 = fn-634974030164143822 [ExecID] 17 = 64205:719653TN0041137.63497403063332000021.2.24CFF6CF [ExecType] 150 = F [OrderID] 37 = 24CFF6CF-C15F-4B8F-ABD7-9646820DEC57 [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 = 1 (MARKET) [LastPx] 31 = 150825 [LastShares] 32 = 1 [CumQty] 14 = 1 [LeavesQty] 151 = 0 [TransactTime] 60 = 20130225-21:31:03.471 [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]] developers/fixapi/marketiftouchedorder.txt Last modified: 2025/09/12 01:47by chad