developers:fixapi.limitorder [WIKI]

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===== Limit Order =====

A **Limit Order** is entered with the ''New Order Single'' (Tag 35=D) message.  
Following are the most relevant tags to build a Limit Order.

^ Tag  ^ Name               ^ Description  ^
| 40=2 | OrdType            | Specifier of Limit Order Type |
| 44   | Price              | Limit 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 order is submitted for a limit price (Tag 44) of ''149725'' or better.  
As it is a **buy order**, a better price indicates a price **lower** than ''149725''.

Limit Order
<code>
>> 2/21/2013 5:26:42 PM [FIXNEWORDER] 34=86|49=T4Example|56=T4|50=TraderName|52=20130221-23:26:42.990|1=Account1|11=fn-634970644029904321|48=CME_20130300_ESH3|55=ES|207=CME_Eq|54=1|38=1|40=2|44=149725|59=0|167=FUT|21=1|60=20130221-23:26:42.990|204=0|
[FIXNEWORDER]
[MsgSeqNum] 34 = 86
[SenderCompID] 49 = T4Example
[TargetCompID] 56 = T4
[SenderSubID] 50 = TraderName
[SendingTime] 52 = 20130221-23:26:42.990
[Account] 1 = Account1
[ClOrdID] 11 = fn-634970644029904321
[SecurityID] 48 = CME_20130300_ESH3
[Symbol] 55 = ES
[SecurityExchange] 207 = CME_Eq
[Side] 54 = 1 (BUY)
[OrderQty] 38 = 1
[OrdType] 40 = 2 (LIMIT)
[Price] 44 = 149725
[TimeInForce] 59 = 0 (DAY)
[SecurityType] 167 = FUT (FUTURE)
[HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION)
[TransactTime] 60 = 20130221-23:26:42.990
[CustomerOrFirm] 204 = 0 (CUSTOMER)
</code>
Limit Order Response
<code>
<< 2/21/2013 5:26:43 PM  [fixexecutionreport] 34=132|49=test|56=T4Test|50=T4FIX|52=20130221-23:26:43.021|143=US,IL|1=ernesto|11=fn-634970644029904321|17=48009.6417470756_ESH3.6349706440415100006.1.E9249F57|150=0|37=E9249F57-FBC5-405B-AE72-4A020953F570|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=149725|60=20130221-23:26:44.151|21=1|204=0|
[FIXEXECUTIONREPORT]
[MsgSeqNum] 34 = 132
[SenderCompID] 49 = test
[TargetCompID] 56 = T4Test
[SenderSubID] 50 = T4FIX
[SendingTime] 52 = 20130221-23:26:43.021
[TargetLocationID] 143 = US,IL
[Account] 1 = ernesto
[ClOrdID] 11 = fn-634970644029904321
[ExecID] 17 = 48009.6417470756_ESH3.6349706440415100006.1.E9249F57
[ExecType] 150 = 0 (NEW)
[OrderID] 37 = E9249F57-FBC5-405B-AE72-4A020953F570
[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 = 149725
[TransactTime] 60 = 20130221-23:26:44.151
[HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION)
[CustomerOrFirm] 204 = 0 (CUSTOMER)
</code>
Further details on the tags used for this order type are described in the dictionary of the New Order Single message.

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