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This information is compiled to the best of our ability from various publicly available sources. Barshay Software, Inc. makes no warranties, guarantees or representations as to the accuracy of the information contained herein. |
DirectEdge Flags (source pg. 20)
Flag | Description | |
|---|---|---|
A | Routed to Nasdaq, adds liquidity | |
B | Add Liquidity to our Book (Tape B) | |
C | Routed to Nasdaq BX (Tapes A & C), removes liquidity | |
D | Routed or Re-Routed to NYSE, removes liquidity | |
EEA | Customer Internalization – Added Liquidity | |
| ER | Customer Internalization – Removed Liquidity | |
F | Routed to NYSE, adds liquidity | |
G | Routed to ARCA (Tapes A & C), removes liquidity | |
H | Hidden OrdersHA | Hidden Order Adds Liquidity |
| HR | Hidden Order Removes Liquidity (EDGA only) | |
I | Routed to EDGA (for EDGX orders) or to EDGX (for EDGA orders) | |
J | Routed to Nasdaq, removes liquidity | |
K | Routed to BATS Using using ROBA Order Type (EDGA + | |
L | Routed to Nasdaq using INET Order Type, removes liquidity (Tapes A & C) | |
M | Add Liquidity on LavaFlow | |
N | Remove Liquidity from our Book (Tape B & C) | |
O | NOOP (Nasdaq Listing Market Opening Cross) | |
P | Add liquidity on EDGX via an EDGA-originated ROUC Order Type | |
Q | Routed using ROUQ or ROUC Order Types | |
R | Re-routed by exchange | |
S | Directed ISO Order | |
T | Routed using ROUD/ROUE Order Type | |
U | Remove Liquidity from LavaFlow | |
V | Add Liquidity to our Book (Tape A) | |
W | Remove Liquidity from our Book (Tape A) | |
X | Routed | |
Y | Add Liquidity to our Book (Tape C) | |
Z | Routed Using ROUZ Order Type (Book + ELP only)using ROUZ Order Type or Executed in | |
2 | Routed to Nasdaq using INET Order Type, removes liquidity (Tape B) | |
3 | Add liquidity - Pre & Post Market (Tapes A & C) | |
4 | Add Liquidity - Pre & Post Market (Tape B) | |
5 | Customer Internalization - Pre & Post Market | |
6 | Remove Liquidity - Pre & Post Market (All Tapes) | |
7 | Routed - Pre & Post Market | |
| 8 | Routed to AMEX, Adds Liquidity | |
| 9 | Routed to ARCA, Adds Liquidity (Tapes A & C) | |
| 10 | Routed to ARCA , Adds Liquidity (Tape B) | |
AA | Midpoint Match Cross (same MPID) | |
| BB | Remove Liquidity from our Book (Tape B) | |
| BY | Routed to BYX using ROBY or ROUC Order Type | |
| CL | Listing Market Close, excluding NYSE ARCA | |
| CR | Liquidity Remover via CLC Eligible Routing Strategy | |
| DM | Non-Displayed Orders, Adds Liquidity using MDO | |
| DT | Non-Displayed Orders, Removes Liquidity using | |
MM | Add liquidity from Midpoint Match | |
| MT | Midpoint Match Taker | |
OO | DirectEdge Opening | |
| PA | Midpoint Routing Strategy (RMPT), Adds Liquidity | |
| PI | Removed Liquidity from Midpoint Match on EDGX | |
| PR | Liquidity Remover via CLC Only Routing Strategy | |
| PT | Midpoint Routing Strategy (RMPT), Removes | |
| PX | Midpoint Routing Strategy (RMPT), Routed Out | |
| RB | Routed to Nasdaq BX, Adds Liquidity | |
| RC | Routed to NSX, Adds Liquidity | |
| RM | Routed to CHX, Adds Liquidity | |
| RQ | Routed using ROUQ | |
| RR | Routed to EDGA (for EDGX orders) or to EDGX (for | |
| RS | Routed to Nasdaq PSX, Adds Liquidity | |
| RT | Routed using ROUT Order Type (EDGA Only) | |
| RW | Routed to CBSX, Adds Liquidity | |
| RX | Routed using ROUX Order Type (EDGA Only) | |
| RY | Routed to BATS BYX, Adds Liquidity | |
| RZ | Routed to BATS BZX, Adds Liquidity | |
| SW | Routed using SWPA/SWPB (All mkts except NYSE) | |
| XR | Liquidity Remover via Non -CLC Eligible Routing |
NASDAQ Flags (from FIX Spec) (INET flags are generally the same)
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