Appendix C – Reject Reason Codes#

Code

Description

1

Invalid message type

2

Invalid order reference

3

Invalid price

4

Invalid quantity

5

Invalid Symbol

6

Invalid TIF (Time In Force)

7

Invalid Display flag

8

Invalid Capacity

9

Invalid Intermarket Sweep Eligibility

10

Invalid Cross Type

11

Duplicate UserRefNum

12

Order not eligible

13

Risk management violation

14

System error

99

Other / unspecified