===== 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.

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