2.16 Subscription Bulk Order

This topic provides the information on Subscription Bulk Order.

Subscription Bulk Order Message

This message is sent by an intermediary to an executing party or to another intermediary party. This message is used to instruct the executing party to subscribe to a specified amount/ quantity of a specified financial instrument.

The Subscription Bulk Order message is used to bulk several individual orders into one bulk order. The individual orders come from different instructing parties, but are related to the same financial instrument. The Subscription Bulk Order message can result in one single bulk cash settlement or several individual cash settlements.

This message cannot be used for a single order (a message containing one order for one instrument and for one investment account). The Subscription Multiple Order message, not the Subscription Bulk Order message, must be used for a single order.

This topic contains the following sub-topics:

• Tags in Messages
  This topic provides information on Subscription Bulk Order and its tags in messages.