Stop Orders

8=FIX.4.2
9=152
35=D
34=7332
49=TEST1
52=20160208-14:41:33.643
56=DWFIX01
1=DPQP000013
11=982A298766020822123456797
21=1
38=170
40=1
99=200.01
54=1
55=AMZN
60=20160208-14:41:33.643
10=243

8=FIX.4.2
9=233
35=8
34=10738
49=DWFIX01
52=20160208-14:41:34.126
56=TEST1
1=DPQP000013
6=0
11=982A298766020822123456797
14=0
17=91454714030646
20=0
21=1
31=0
32=0
37=DBCY000007
38=170
39=0
40=2
44=200.01
54=1
55=AMZN
59=0
60=20160208-14:41:34.039
99=200.01
150=0
151=170
10=152

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What is a Stop Order?

A stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order.

Stop Order Notes

All stop orders must be set the TimeInForce to "Good-til-Cancelled" (FIX tag 59=1). Stop orders will be released to the market once the specified price (FIX tag 99) condition has been meet during normal trading hours.

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Stop Order Availability

Stop orders can be entered 24 hours a day and canceled 24 hours a day.

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ClOrdID's requirement

ClOrdID's (FIX tag 11) are persisted until Friday system reset 5-6pm ET. The sending system cannot send the same ClOrdID during this week period. DriveWealth recommends the ClOrdID have a concept of uniqueness encompasing date or other non-repeating pattern.

Stop Order FIX Message