===== 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]]