A Queue Order submits an order to the T4 FIX API server for queueing (i.e. risk assessed, suspended, and waiting for a request to activate).
A Queue Order (Tag 10102=6) is queued with the New Order Single (Tag 35=D) message with an Activation Value of 0 (Tag 10103=0). Subsequently, a queued order is activated (to submit to the exchange) with the Cancel Replace Request (Tag 35=G) message carrying an Activation Value of -1 (Tag 10103=-1).
Following are the most relevant tags to build a Queue Order:
| Tag | Field | Description |
|---|---|---|
| 10102=6 | ActivationType | Specifier of Queue Order Type |
| 10103 | Activation Value | Set to 0 to queue the order within T4 FIX API servers. Set to -1 (on a Cancel Replace) to activate the order for exchange execution. |
| 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 queued by entering ActivationType (Tag 10102) = 6 with ActivationValue (Tag 10103) = 0. The queued order is then activated (to send to the exchange) with a Cancel Replace message carrying ActivationValue = -1.
Queue Order
>> 2/25/2013 2:42:34 PM [FIXNEWORDER] 34=10|49=T4Example|56=T450=TraderName|52=20130225-20:42:34.536|1=Account1|11=fn-634974001545361685|48=CME_20130300_ESH3|55=ES|207=CME_Eq|54=1|38=1|40=2|44=148000|59=0|167=FUT|21=1|60=20130225-20:42:34.536|204=0|10102=6|10103=0| [FIXNEWORDER] [MsgSeqNum] 34 = 10 [SenderCompID] 49 = T4Example [TargetCompID] 56 = T4 [SenderSubID] 50 = TraderName [SendingTime] 52 = 20130225-20:42:34.536 [Account] 1 = Account1 [ClOrdID] 11 = fn-634974001545361685 [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 = 148000 [TimeInForce] 59 = 0 (DAY) [SecurityType] 167 = FUT (FUTURE) [HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION) [TransactTime] 60 = 20130225-20:42:34.536 [CustomerOrFirm] 204 = 0 (CUSTOMER) [ActivationType] 10102 = 6 (QUEUE) [ActivationValue] 10103 = 0
Queued Order Response - Awaiting Activation
<< 2/25/2013 2:42:34 PM [fixexecutionreport] 34=118|49=T4|56=T4Example|50=T4FIX|52=20130225-20:42:34.551|143=US,IL|1=Account1|11=fn-634974001545361685|17=0.634974001570618750.2.4.18A27A0F|150=9|37=18A27A0F-5739-4784-A4FE-A64B5CC83B5B|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=2|44=148000|58=Activation Pending: SubmissionRiskSuccess. Order Held|60=20130225-20:42:37.046|21=1|204=0|10102=6|10103=0| [FIXEXECUTIONREPORT] [MsgSeqNum] 34 = 118 [SenderCompID] 49 = T4 [TargetCompID] 56 = T4Example [SenderSubID] 50 = T4FIX [SendingTime] 52 = 20130225-20:42:34.551 [TargetLocationID] 143 = US,IL [Account] 1 = Account1 [ClOrdID] 11 = fn-634974001545361685 [ExecID] 17 = 0.634974001570618750.2.4.18A27A0F [ExecType] 150 = 9 (SUSPENDED) [OrderID] 37 = 18A27A0F-5739-4784-A4FE-A64B5CC83B5B [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 = 2 (LIMIT) [Price] 44 = 148000 [Text] 58 = Activation Pending: SubmissionRiskSuccess. Order Held [TransactTime] 60 = 20130225-20:42:37.046 [HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION) [CustomerOrFirm] 204 = 0 (CUSTOMER) [ActivationType] 10102 = 6 (QUEUE) [ActivationValue] 10103 = 0
Queued Order - Requesting Activation
>> 2/25/2013 2:43:15 PM [FIXCANCELREPLACE] 34=11|49=T4Example|56=T4|50=TraderName|52=20130225-20:43:15.972|1=Account1|11=fr-634974001959726398-0|41=fn-634974001545361685|37=18A27A0F-5739-4784-A4FE-A64B5CC83B5B|48=CME_20130300_ESH3|55=ES|207=CME_Eq|54=1|38=1|40=2|44=148000|59=0|167=FUT|21=1|60=20130225-20:43:15.972|204=0|10103=-1| [FIXCANCELREPLACE] [MsgSeqNum] 34 = 11 [SenderCompID] 49 = T4Example [TargetCompID] 56 = T4 [SenderSubID] 50 = TraderName [SendingTime] 52 = 20130225-20:43:15.972 [Account] 1 = Account1 [ClOrdID] 11 = fr-634974001959726398-0 [OrigClOrdID] 41 = fn-634974001545361685 [OrderID] 37 = 18A27A0F-5739-4784-A4FE-A64B5CC83B5B [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 = 148000 [TimeInForce] 59 = 0 (DAY) [SecurityType] 167 = FUT (FUTURE) [HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION) [TransactTime] 60 = 20130225-20:43:15.972 [CustomerOrFirm] 204 = 0 (CUSTOMER) [ActivationValue] 10103 = -1
Queued Order Response - Activation Pending
<< 2/25/2013 2:43:16 PM [fixexecutionreport] 34=191|49=T4|56=T4Example|50=T4FIX|52=20130225-20:43:16.050|143=US,IL|1=Account1|11=fr-634974001959726398-0|41=fn-634974001545361685|17=0..012.4.18A27A0F|150=9|37=18A27A0F-5739-4784-A4FE-A64B5CC83B5B|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=2|44=148000|58=Activation Pending|21=1|204=0|10102=6|10103=-1| [FIXEXECUTIONREPORT] [MsgSeqNum] 34 = 191 [SenderCompID] 49 = T4 [TargetCompID] 56 = T4Example [SenderSubID] 50 = T4FIX [SendingTime] 52 = 20130225-20:43:16.050 [TargetLocationID] 143 = US,IL [Account] 1 = Account1 [ClOrdID] 11 = fr-634974001959726398-0 [OrigClOrdID] 41 = fn-634974001545361685 [ExecID] 17 = 0..012.4.18A27A0F [ExecType] 150 = 9 (SUSPENDED) [OrderID] 37 = 18A27A0F-5739-4784-A4FE-A64B5CC83B5B [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 = 2 (LIMIT) [Price] 44 = 148000 [Text] 58 = Activation Pending [HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION) [CustomerOrFirm] 204 = 0 (CUSTOMER) [ActivationType] 10102 = 6 (QUEUE) [ActivationValue] 10103 = -1
Queued Order - Activated Order Risk Success
<< 2/25/2013 2:43:17 PM [fixexecutionreport] 34=193|49=T4|56=T4Example|50=T4FIX|52=20130225-20:43:17.064|143=US,IL|1=Account1|11=fr-634974001959726398-0|41=fn-634974001545361685|17=0.634974001995618750.2.4.18A27A0F|150=9|37=18A27A0F-5739-4784-A4FE-A64B5CC83B5B|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=2|44=148000|58=Activation Trigger: SubmissionRiskSuccess. Order Held|60=20130225-20:42:37.046|21=1|204=0| [FIXEXECUTIONREPORT] [MsgSeqNum] 34 = 193 [SenderCompID] 49 = T4 [TargetCompID] 56 = T4Example [SenderSubID] 50 = T4FIX [SendingTime] 52 = 20130225-20:43:17.064 [TargetLocationID] 143 = US,IL [Account] 1 = Account1 [ClOrdID] 11 = fr-634974001959726398-0 [OrigClOrdID] 41 = fn-634974001545361685 [ExecID] 17 = 0.634974001995618750.2.4.18A27A0F [ExecType] 150 = 9 (SUSPENDED) [OrderID] 37 = 18A27A0F-5739-4784-A4FE-A64B5CC83B5B [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 = 2 (LIMIT) [Price] 44 = 148000 [Text] 58 = Activation Trigger: SubmissionRiskSuccess. Order Held [TransactTime] 60 = 20130225-20:42:37.046 [HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION) [CustomerOrFirm] 204 = 0 (CUSTOMER)
Queued Order - Activation Trigger (to exchange)
<< 2/25/2013 2:43:17 PM [fixexecutionreport] 34=194|49=T4|56=T4Example|50=T4FIX|52=20130225-20:43:17.173|143=US,IL|1=Account1|11=fr-634974001959726398-0|41=fn-634974001545361685|17=47991..04.4.18A27A0F|150=9|37=18A27A0F-5739-4784-A4FE-A64B5CC83B5B|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=2|44=148000|58=Activation Trigger|21=1|204=0| [FIXEXECUTIONREPORT] [MsgSeqNum] 34 = 194 [SenderCompID] 49 = T4 [TargetCompID] 56 = T4Example [SenderSubID] 50 = T4FIX [SendingTime] 52 = 20130225-20:43:17.173 [TargetLocationID] 143 = US,IL [Account] 1 = Account1 [ClOrdID] 11 = fr-634974001959726398-0 [OrigClOrdID] 41 = fn-634974001545361685 [ExecID] 17 = 47991..04.4.18A27A0F [ExecType] 150 = 9 (SUSPENDED) [OrderID] 37 = 18A27A0F-5739-4784-A4FE-A64B5CC83B5B [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 = 2 (LIMIT) [Price] 44 = 148000 [Text] 58 = Activation Trigger [HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION) [CustomerOrFirm] 204 = 0 (CUSTOMER)
Queued Order Response - Order is Working
<< 2/25/2013 2:43:17 PM [fixexecutionreport] 34=195|49=T4|56=T4Example|50=T4FIX|52=20130225-20:43:17.251|143=US,IL|1=Account1|11=fr-634974001959726398-0|41=fn-634974001545361685|17=47991.6420174176_ESH3.6349740019981800006.1.18A27A0F|150=0|37=18A27A0F-5739-4784-A4FE-A64B5CC83B5B|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=148000|60=20130225-20:43:19.818|21=1|204=0| [FIXEXECUTIONREPORT] [MsgSeqNum] 34 = 195 [SenderCompID] 49 = T4 [TargetCompID] 56 = T4Example [SenderSubID] 50 = T4FIX [SendingTime] 52 = 20130225-20:43:17.251 [TargetLocationID] 143 = US,IL [Account] 1 = Account1 [ClOrdID] 11 = fr-634974001959726398-0 [OrigClOrdID] 41 = fn-634974001545361685 [ExecID] 17 = 47991.6420174176_ESH3.6349740019981800006.1.18A27A0F [ExecType] 150 = 0 (NEW) [OrderID] 37 = 18A27A0F-5739-4784-A4FE-A64B5CC83B5B [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 = 148000 [TransactTime] 60 = 20130225-20:43:19.818 [HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION) [CustomerOrFirm] 204 = 0 (CUSTOMER)
Further details on the tags used for this order type are described in the dictionary of the New Order Single and Cancel Replace Request messages.