Order Execution Report (35=8)

Order Acknowledgement

Order

When the Client sends a New Order Single to Moment, Moment will immediately respond with an Execution Report with an ExecType of "Pending New" (150=A) to indicate that Moment has received the order. The order still must pass through Moment's Risk Management System (RMS) and still may be rejected.

"A"
(Pending New)

"A" (Pending New)

Order Rejection

Order

If the order fails to pass the pre-trade risk checks, Moment's RMS will reject the order. To indicate this, Moment will send an Execution Report with an ExecType of "Rejected" (150=8) to the Client.

"8" (Rejected)

"8" (Rejected)

Order Approval

Order

If the order passes the pre-trade checks, Moment's RMS will approve the order, allowing Moment's Smart Order Router to begin executing the order on the trading venues. To indicate this, Moment will send an Execution Report with an ExecType of "New" (150=0).

"0" (New)

"0" (New)

Execution

Order

When an execution occurs for an order, Moment will send an Execution Report with an ExecType of "Trade" (150=F). The OrdStatus tag (39) will indicate whether the execution partially executed the order (39=1) or fully executed the order (39=2).

"F" (Trade)

"1" (Partially Filled) OR "2" (Filled)

Cancellation

Order

When an order is canceled by the Client or by Moment, Moment will send an Execution Report with an ExecType of "Canceled" (150=4).

"4" (Canceled)

"4" (Canceled)

Expiration

Order

When an order expires at the end of its eligible trading day (either at 4PM or 5PM, depending on its extended hour eligibility), Moment will send an Execution Report with an ExecType of "Expired" (150=C).

"C" (Expired)

"C" (Expired)

Cancel Acknowledgement

Cancel Request

When the Client sends an Order Cancel Request to Moment, Moment will immediately respond with an Execution Report with an ExecType of "Pending Cancel" (150=6) to indicate that Moment has received the cancel request. Moment will subsequently send the Client an Execution Report when 1) the cancel request is rejected, 2) the order is successfully canceled, or 3) an additional update occurs to the order before it can be canceled. Note that the cancel acknowledgement does not represent an update to the Order's state, but rather to the Cancel Request's state.

"6" (Pending Cancel)

"6" (Pending Cancel)

OrderID

37

Unique, Moment-assigned ID for the Order or Cancel Request.

Y

"29b5e57e-0adc-45cf-936d-5b1055abeb08"

MsgNum

5017

Moment-assigned ID for an Execution Report message.

Y

"202410160000000026"

ExecID

17

Unique, Moment-assigned Event ID. This identifier will be unique across all messages that Moment sends to the Client.

Y

"01JADC9ARQ3A2NW9D3Y5VBA3S1"

ExecType

150

Describes the purpose of the execution report.

"A" = Pending New / Acknowledged. This message indicates that Moment has received the Order, but the Order has not yet been approved or rejected by Moment's Risk Management System. Clients will subsequently receive an Execution Report to indicate approval or rejection.

"0" = New. This message indicates that the Order has passed the pre-trade checks, meaning that Moment is currently attempting to execute the Order.

"4" = Canceled. This message indicates that the Order has been canceled by the Client, the Venue, or Moment.

"6" = Pending Cancel. This message indicates that Moment has received an Order Cancel Request from the Client.

"8" = Rejected. This message indicates that the Risk Management System has rejected the Order. The Executing Broker sets the pre-trade checks in the RMS, using Moment's trade blotter.

"F" = Trade. This message indicates that the Client has received a fill for the Order. The OrdStatus (39) tag will indicate whether the Order is now partially filled or fully filled.

"C" = Expired. This message indicates that the Order has expired, meaning that Moment has canceled any outstanding child orders on the trading venues and no further updates are expected for the Order.

Y

"F"

TransactTime

60

Time when the event being reported occurred.

Y

"20231005-11:48:33"

Order Request

In the case of an Order Cancel Request Acknowledgement, only the ClOrdID will be included. In this case, the ClOrdID refers to the ClOrdID of the Order Cancel Request.

ClOrdID

11

Matches field from NewOrderSingle or OrderCancelRequest.

Y

"fcd69fbf-0c0f-41fa-8c4b-45c36c73ca06"

Account

1

Matches field from NewOrderSingle.

Y

"ACCT_1"

ExecInst

18

Only "G" = AON is supported. AON is whether the order must be executed in its entirety or not at all. By default, orders are not AON.

N

"G"

OrdType

40

Matches field from NewOrderSingle.

Y

"2"

OrderQty

38

Matches field from NewOrderSingle.

Y

"1000"

Side

54

Matches field from NewOrderSingle.

Y

"1"

Price

44

Matches field from NewOrderSingle.

Y

"100.00"

PriceType

423

Matches field from NewOrderSingle.

Y

"1"

SecurityID

48

The ISIN of the instrument.

Y

"US912797JE81"

SecurityIDSource

22

The source of the security ID. Always:
"4" = ISIN Number.

Refer to tag 454 for alternative security IDs.

Y

"4"

TimeInForce

59

Matches field from NewOrderSingle.

Y

"0"

TradingSessionID

336

Matches field from NewOrderSingle.

Y

"REG"

TradingGroup

5047

Matches field from NewOrderSingle.

Y

"GRP_1"

Alternate Security ID

These fields are included for clients who require CUSIP identifiers.

NoSecurityAltIDs

454

Number of alternate security IDs in the block. Always 1, with the single entry representing the CUSIP.

Y

"1"

SecurityAltID

455

The CUSIP of the instrument.

Y

"912797JE8"

SecurityAltIDSource

456

The source of the security ID. Always:
"1" = CUSIP.

Y

"1"

Fill Data

These fields are only included when ExecType = "F".

LastQty

32

The quantity of the fill being reported.

C

"1000"

LastPx

31

Price of the fill being reported, inclusive of all fees and markups.

C

"99.00"

YieldType

235

The type of yield provided by Yield (236). Always "MATURITY" (yield to maturity).

C

"MATURITY"

Yield

236

The yield of the fill price reported by LastPx (31).

C

"5.235"

FillPx

1364

Price of the fill being reported, excluding all fees and markups.

C

"98.50"

GrossTradeAmt

381

The gross trade amount not inclusive of accrued interest, in dollars.

C

"990.00"

AccruedInterestAmt

159

Accrued interest for the fill, in dollars.

C

"5.00"

NetMoney

118

Settlement trade amount inclusive of accrued interest, in dollars.

C

"995.00"

TradeDate

75

Trade date in YYYYMMDD format.

C

"20230507"

SettlDate

64

Settlement date in YYYYMMDD format.

C

"20230509"

Parties Block

These fields are only included when ExecType = "F".

NoPartyIDs

453

Number of Parties in the block. This will typically be "3" since the contra firm, contra clearing firm, and execution venue will typically be provided.

C

"3"

PartyID

448

Party identifier.

C

"ABCD"

PartyIDSource

447

Type of party identifier.

"C" = generally accepted market participant identifier (MPID).

"H" = CSD participant / member code.

C

"C"

PartyRole

452

Party role.

"17" = Contra Firm. The MPID will be provided in this case.

"18" = Contra Clearing Firm. The CSD participant / member code will be provided in this case.

"73" = Execution Venue. The MPID will be provided in this case.

C

"17"

Fees Block

These fields are only included when ExecType = "F".

NoMiscFees

136

Number of applicable fees. This is only relevant if the Client uses the Moment Portal to set their fee schedule for charging their customers. In that case, the Client's fees will be included in the drop copy.

N

"1"

MiscFeeAmt

137

Fee amount.

N

"0.10"

MiscFeeType

139

Fee Type.

"3" = Commission.

"8" = Markup.

N

"8"

MiscFeeBasis

891

The basis on which the fee is assessed:

"0" = Absolute.

"1" = Per bond.

"2" = Percentage.

N

"1"

MiscFeeBasisType

5891

The type of the MiscFeeBasis, to delineate which type of percentage tag 891 corresponds to.

"1" = Percentage of par.

N

"1"

MiscFeePartyID

448

Party identifier for the recipient of the fee, as a Moment organization ID.

N

"01H82R6ZR4YFJ5T32EDZDW74WP"

MiscFeePartyIDSource

447

Type of party identifier. Always:
"D" = Proprietary. A Moment-generated organization ID.

N

"P"

Order State

OrdStatus

39

Status of the Order or Cancel Request.

"A" = Pending New / Acknowledged. Moment has received the Order, but the Risk Management System (RMS) has not yet approved or rejected the Order.

"0" = New. The RMS has approved the Order and Moment is currently attempting to execute the Order.

"1" = Partially Filled. The Order has been partially filled.

"2" = Filled. The Order has been fully filled.

"4" = Canceled. The Client, the Venue, or Moment has canceled the Order.

"6" = Pending Cancel. Moment has received an Order Cancel Request and will subsequently send an Order Cancel Reject or an Execution Report.

"C" = Expired. The Order expired at the end of the trading session.

"8" = Rejected. The RMS has rejected the Order, meaning that it failed to pass the pre-trade checks.

Y

"2"

Text

58

Free-form text field providing additional information about the execution report. Often contains the reason for rejection when ExecType=8 (Rejected).

C

"The order is rejected due to risk policies not being met."

LeavesQty

151

The open quantity of the Order, in par value. For an active order, it will always be the case that LeavesQty = OrderQty - CumQty. For an inactive order, it will always be the case that LeavesQty = 0. Will not be included for a cancel request acknowledgement.

Y

"0"

CumQty

14

The cumulative quantity of the Order that has been filled, in par value. For an active order, it will always be the case that LeavesQty = OrderQty - CumQty. Will not be included for a cancel request acknowledgement.

Y

"1000"

AvgPx

6

The quantity-weighted average fill price for the Order. Always provided as a clean, percentage of par price. Will not be included for a cancel request acknowledgement.

Y

"99.00"

PreFeeLastPx

5031

Price of the fill being reported, exclusive of all fees and markups.

C

"98.50"

PreFeeNetMoney

5118

Settlement trade amount inclusive of accrued interest and exclusive of fees, in dollars.

C

"995.00"

ExtraYieldType

5235

Type of yield under tag 5236. Always "WORST" (yield to worst).

C

"WORST"

ExtraYield

5236

Yield corresponding with tag 5235.

C

"5.235"

PreFeeGrossTradeAmt

5381

The gross trade amount not inclusive of accrued interest or fees, in dollars.

C

"990.00"