Common Rejection orders

Modified on: Tue, Dec 1, 2020 at 3:47 PM

Reject Message	Description
Order exceeds average daily volume control	Order violates the ADV control in place for account or group
System unable to price security	SIM received a 0 Bid/Ask for symbol
Account/Group is in Close/Cancel Only status	Account/Group is in Close/Cancel Only status
Account is not permissioned for Covered Call Writing	Account is not permissioned for Covered Call Writing
Insufficient Buying Power	Order violates credit control (Not enough BP/initial margin)
Account Disabled	Account/Group is disabled
Duplicate Order	Received a duplicate order within time threshold
Symbol Not on Easy to Borrow List	Stock is ETB
Order violates gross margin	Order violates PM Gross Margin
Gross Margin Unavailable	Risk server did not return PM Gross Margin
Invalid order quantity	Order qty is not valid
Invalid trading session	Order is outside of enabled trading periods
Last Sale Price Unavailable	QS did not return last sale price
Order violates Layering control	Order violates Layering control
Account not permissioned for Long Option orders	Account is not permissioned for Long Option orders
Order exceeds Max Dollar Value	Order exceeds Max Dollar Value
Order exceeds Max Open Contracts	Order exceeds Max Open Contracts
Order exceeds Max Open Orders	Order exceeds Max Open Orders
Order exceeds Max Open Shares	Order exceeds Max Open Shares
Order exceeds Max Position	Order exceeds Max Position
Exceeds Max Stock Price	Stock price exceeds max
Account has exceeded max realized loss	Account has exceeded max realized loss
Order exceeds Max Shares	Order exceeds Max Shares
Account has exceeded max total loss	Account has exceeded max total loss
Stock price is below minimum	Stock price is below minimum
No routing code provided for destination	No routing code for destination provided
No simultaneous open buy/sell orders for same option	No simultaneous open buy/sell orders for same option
Order cannot be canceled	Order cannot be canceled
Cancel request violates NYSE rules	Cancel request violates NYSE rules
Cancel request violates NYSE rules	Cancel request violates NYSE rules
Option Order Mis-Marked	Option Order Mis-Marked
Order price is outside max variation	Order price is outside max variation
Quote Unavailable	No bid/ask available
Symbol is on restricted symbol list	Symbol is on restricted symbol list
Account is not permissioned for specified security type	Account is not permissioned for specified security type
Account not allowed to Sell Naked Call	Account not allowed to Sell Naked Call
Account not allowed to Sell Naked Put	Account not allowed to Sell Naked Put
Account not allowed to Sell Short	Account not allowed to Sell Short
Order cannot be split due to Open/Close	Order cannot be split due to Open/Close
Order cannot be split due to Long/Short marking	Order cannot be split due to Long/Short marking
Order violates spoofing control	Order violates spoofing control
Order violates sub-penny rule	Order violates sup-penny rule- which means it is a fraction of a cent
Order violates tick size rule	Order violates tick size rule
Message to execution venue cannot be sent	Message to execution venue cannot be sent
Unknown Account	Account does not exist in TE
Unknown Client ID	Group does not exist in TE
Order cannot be found	Order cannot be found
Spread cannot be found	Spread cannot be found
Wash Trade	Order would wash
Invalid Cancel/Replace	No field has changed
Unsupported Order Type	Unsupported Order Type