Glossary

Conditions & Indicators

A glossary of conditions and indicators related to U.S. stock trading. Including various types of trade conditions, quote conditions, trade corrections, and more.

Trade Conditions

Modifier	Condition	SIP Mapping	Update High/Low	Update Last	Update Volume
0	Regular Sale	@	Yes	Yes	Yes
1	Acquisition	A	Yes	Yes	Yes
2	Average Price Trade	W	No	No	Yes
3	Automatic Execution	N/A	Yes	Yes	Yes
4	Bunched Trade	B	Yes	Yes	Yes
5	Bunched Sold Trade	G	Yes	No 1	Yes
6	CAP Election				Yes
7	Cash Sale	C	No	No	Yes
8	Closing Prints	6	Yes	Yes	Yes
9	Cross Trade	X	Yes	Yes	Yes
10	Derivatively Priced	4	Yes	No 1	Yes
11	Distribution	D	Yes	Yes	Yes
12	Form T	T	No	No	Yes
13	Extended Trading Hours (Sold Out of Sequence)	U	No	No	Yes
14	Intermarket Sweep	F	Yes	Yes	Yes
15	Market Center Official Close	M	No	No	No
16	Market Center Official Open 3	Q	No	No	No
17	Market Center Opening Trade 3				Yes
18	Market Center Reopening Trade 3				Yes
19	Market Center Closing Trade 3				Yes
20	Next Day	N	No	No	Yes
21	Price Variation Trade	H	No	No	Yes
22	Prior Reference Price	P	Yes	No 1	Yes
23	Rule 155 Trade (AMEX)	K	Yes	Yes	Yes
24	Rule 127 NYSE				Yes
25	Opening Prints	O	Yes	Yes	Yes
26	Opened				Yes
27	Stopped Stock (Regular Trade)	1	Yes	Yes	Yes
28	Re-Opening Prints	5	Yes	Yes	Yes
29	Seller	R	Yes	No 1	Yes
30	Sold Last	L	Yes	Yes 2	Yes
32	Sold Out				Yes
33	Sold (out of Sequence)	Z	Yes	No 1	Yes
34	Split Trade	S	Yes	Yes	Yes
35	Stock Option				Yes
36	Yellow Flag Regular Trade	Y	Yes	Yes	Yes
37	Odd Lot Trade	I	No	No	Yes
38	Corrected Consolidated Close (per listing market)	9	Yes	Yes	No
39	Unknown				Yes
40	Held				Yes
41	Trade Thru Exempt				Yes
42	NonEligible				Yes
43	NonEligible Extended				Yes
44	Cancelled				Yes
45	Recovery				Yes
46	Correction				Yes
47	As of				Yes
48	As of Correction				Yes
49	As of Cancel				Yes
50	OOB				Yes
51	Summary				Yes
52	Contingent Trade	V	No	No	Yes
53	Qualified Contingent Trade ("QCT")	7	No	No	Yes
54	Errored				Yes
55	OPENING_REOPENING_TRADE_DETAIL				Yes
56	Placeholder	E	TBD	TBD	TBD
59	Placeholder for 611 exempt	8	TBD	TBD	TBD

1 UTDF Subscribers should only update the field values if the trade is the first or only last sale eligible trade transaction of the business day from any UTP participant.

2 UTDF subscribers should update consolidated last sale field if received prior to the End of Last Sale Eligibility Control Message (16:00:10). After End of Last Sale Eligibility Control Message is received the transaction would only update the market center-specific last sale value but not the consolidated last sale value.

3 Please note that direct data recipients, which maintain individual market center open values, should use the “Q” value as the official market center opening value and populate data displays accordingly.

Quote Conditions

Modifier	Condition
-1	Invalid
0	Regular
1	RegularTwoSidedOpen
2	RegularOneSidedOpen
3	SlowAsk
4	SlowBid
5	SlowBidAsk
6	SlowDueLRPBid
7	SlowDueLRPAsk
8	SlowDueNYSELRP
9	SlowDueSetSlowListBidAsk
10	ManualAskAutomatedBid
11	ManualBidAutomatedAsk
12	ManualBidAndAsk
13	Opening
14	Closing
15	Closed
16	Resume
17	FastTrading
18	TradingRangeIndication
19	MarketMakerQuotesClosed
20	NonFirm
21	NewsDissemination
22	OrderInflux
23	OrderImbalance
23	DueToRelatedSecurityNewsDissemination
25	DueToRelatedSecurityNewsPending
26	AdditionalInformation
27	NewsPending
28	AdditionalInformationDueToRelatedSecurity
29	DueToRelatedSecurity
30	InViewOfCommon
31	EquipmentChangeover
32	NoOpenNoResponse
33	SubPennyTrading
34	AutomatedBidNoOfferNoBid
35	LULDPriceBand
36	MarketWideCircuitBreakerLevel1
37	MarketWideCircuitBreakerLevel2
38	MarketWideCircuitBreakerLevel3
39	RepublishedLULDPriceBand
40	OnDemandAuction
41	CashOnlySettlement
42	NextDaySettlement
43	LULDTradingPause
71	SLowDuelRPBidAsk
80	Cancel
81	Corrected_Price
82	SIPGenerated
83	Unknown
84	Crossed_Market
85	Locked_Market
86	Depth_On_Offer_Side
87	Depth_On_Bid_Side
88	Depth_On_Bid_And_Offer
89	Pre_Opening_Indication
90	Syndicate_Bid
91	Pre_Syndicate_Bid
92	Penalty_Bid

Trade Corrections (NYSE)

Modifier	Condition
00	Regular trade which was not corrected, changed or signified as cancel or error.
01	Original trade which was late corrected (This record contains the original time - HHMM and the corrected data for the trade).
07	Original trade which was later marked as erroneous
08	Original trade which was later cancelled
10	Cancel record (This record follows '08' records)
11	Error record (This record follows '07' records)
12	Correction record (This record follows '01' records and contains the correction time and the original "incorrect" data). The final correction will be published.

Financial Status (CTA/UTP)

Modifier	Condition
50	Normal
51	Bankrupt
52	Deficient - Below listing requirements
53	Delinquent - Late filing
54	Bankrupt and Deficient
55	Bankrupt and Delinquent
56	Deficient and Delinquent
57	Deficient, Delinquent, and Bankrupt
58	Liquidation
59	Creations Suspended
60	Redemptions Suspended
61	Creations and/or Redemptions Suspended

CTA Security Status

Modifier	Condition
100	Normal Trading
101	Opening Delay
102	Trading Halt
103	Resume
104	No Open/No Resume
105	Price Indication
106	Trading Range Indication
107	Market Imbalance Buy
108	Market Imbalance Sell
109	Market On Close Imbalance Buy
110	Market On Close Imbalance Sell
111	No Market Imbalance
112	No Market On Close Imbalance
113	Short Sale Restriction
114	Limit Up-Limit Down
115	Quotation Resumption
116	Trading Resumption
117	Volatility Trading Pause

CTA Halt Reason / UTP Trade Action Reason

Modifier	Condition
150	POLYGON_RESERVED
151	Halt: News Pending
152	Update: News Dissemination
153	Halt: Single Stock Trading Pause In Affect
154	Halt: Regulatory Extraordinary Market Activity
155	Halt: ETF
156	Halt: Information Requested
157	Halt: Exchange Non Compliance
158	Halt: Filings Not Current
159	Halt: SEC Trading Suspension
160	Halt: Regulatory Concern
161	Halt: Market Operations
162	IPO Security: Not Yet Trading
163	Halt: Corporate Action
164	Quotation Not Available
165	Halt: Volatility Trading Pause
166	Halt: Volatility Trading Pause – Straddle Condition
167	Update: News and Resumption Times
168	Halt: Single Stock Trading Pause - Quotes Only
169	Resume: Qualification Issues Reviewed / Resolved
170	Resume: Filing Requirements Satisfied / Resolved
171	Resume: News Not Forthcoming
172	Resume: Qualifications - Maintenance Requirements Met
173	Resume: Qualifications - Filings Met
174	Resume: Regulatory Auth
175	New Issue Available
176	Issue Available
177	MWCB - Carry from previous day
178	MWCB - Resume
179	IPO Security: Released for quotation
180	IPO Security: Positioning window extension
181	MWCB - Level 1
182	MWCB - Level 2
183	MWCB - Level 3
184	Halt: Sub Penny Trading
185	Order Imbalance
186	LULD Trading Pause

UTP Security Status

Modifier	Condition
300	NONE
301	Short Sales Restriction Activated
302	Short Sales Restriction Continued
303	Short Sales Restriction Deactivated
304	Short Sales Restriction in Effect
305	Short Sales Restriction Max

NBBO Indicators

Modifier	Condition
601	NBBO_NO_CHANGE
602	NBBO_QUOTE_IS_NBBO
603	NBBO_NO_BB_NO_BO
604	NBBO_BB_BO_SHORT_APPENDAGE
605	NBBO_BB_BO_LONG_APPENDAGE

Held Trade Indicators

Modifier	Condition
621	HELD_TRADE_NOT_LAST_SALE_AND_NOT_ON_CONSOLIDATED
622	HELD_TRADE_LAST_SALE_BUT_NOT_ON_CONSOLIDATED
623	HELD_TRADE_LAST_SALE_AND_ON_CONSOLIDATED

Misc Indicators

Modifier	Condition
501	RETAIL_INTEREST_ON_BID NYSE
502	RETAIL_INTEREST_ON_ASK NYSE
503	RETAIL_INTEREST_ON_BID_AND_ASK NYSE
504	FINRA_BBO_NO_CHANGE
505	FINRA_BBO_DOES_NOT_EXIST
506	FINRA_BB_BO_EXECUTABLE
507	FINRA_BB_BELOW_LOWER_BAND
508	FINRA_BO_ABOVE_UPPER_BAND
509	FINRA_BB_BELOW_LOWER_BAND_BO_ABOVE_UPPER_BAND
901	CTA_NOT_DUE_TO_RELATED_SECURITY
902	CTA_DUE_TO_RELATED_SECURITY
903	CTA_NOT_IN_VIEW_OF_COMMON
904	CTA_IN_VIEW_OF_COMMON
905	CTA_PRICE_INDICATOR
906	CTA_NEW_PRICE_INDICATOR
907	CTA_CORRECTED_PRICE_INDICATION
908	CTA_CANCELLED_MARKET_IMBALANCE_PRICE_TRADING_RANGE_INDICATION