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A Limit Order is entered with the New Order Single (Tag 35=D) message. Following are the most relevant tags to build a Limit Order.

Tag 40=2OrdTypeSpecifier of Limit Order Type
Tag 44PriceLimit Price
Tag 48SecurityIDMarket for which the order is sent
Tag 55SymbolContract for which the order is sent
Tag 207SecurityExchangeExchange for which the order is sent
Tag 167SecurityTypeSecurity Type (e.g. Futures) of this specific market

Sample

In this example, the order is submitted for a limit price (Tag 44) of 149725 or better. As it is a buy order, a better price indicates a price lower than 149725.

Limit Order
>> 2/21/2013 5:26:42 PM [FIXNEWORDER] 34=86|49=T4Example|56=T4|50=TraderName|52=20130221-23:26:42.990|1=Account1|11=fn-634970644029904321|48=CME_20130300_ESH3|55=ES|207=CME_Eq|54=1|38=1|40=2|44=149725|59=0|167=FUT|21=1|60=20130221-23:26:42.990|204=0|
[FIXNEWORDER]
[MsgSeqNum] 34 = 86
[SenderCompID] 49 = T4Example
[TargetCompID] 56 = T4
[SenderSubID] 50 = TraderName
[SendingTime] 52 = 20130221-23:26:42.990
[Account] 1 = Account1
[ClOrdID] 11 = fn-634970644029904321
[SecurityID] 48 = CME_20130300_ESH3
[Symbol] 55 = ES
[SecurityExchange] 207 = CME_Eq
[Side] 54 = 1 (BUY)
[OrderQty] 38 = 1
[OrdType] 40 = 2 (LIMIT)
[Price] 44 = 149725
[TimeInForce] 59 = 0 (DAY)
[SecurityType] 167 = FUT (FUTURE)
[HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION)
[TransactTime] 60 = 20130221-23:26:42.990
[CustomerOrFirm] 204 = 0 (CUSTOMER)

Limit Order Response
<< 2/21/2013 5:26:43 PM  [fixexecutionreport] 34=132|49=test|56=T4Test|50=T4FIX|52=20130221-23:26:43.021|143=US,IL|1=ernesto|11=fn-634970644029904321|17=48009.6417470756_ESH3.6349706440415100006.1.E9249F57|150=0|37=E9249F57-FBC5-405B-AE72-4A020953F570|39=0|48=CME_20130300_ESH3|55=ES|207=CME_Eq|200=201303|59=0|107=E-mini S&P 500 Mar13|54=1|167=FUT|38=1|40=2|44=149725|60=20130221-23:26:44.151|21=1|204=0|
[FIXEXECUTIONREPORT]
[MsgSeqNum] 34 = 132
[SenderCompID] 49 = test
[TargetCompID] 56 = T4Test
[SenderSubID] 50 = T4FIX
[SendingTime] 52 = 20130221-23:26:43.021
[TargetLocationID] 143 = US,IL
[Account] 1 = ernesto
[ClOrdID] 11 = fn-634970644029904321
[ExecID] 17 = 48009.6417470756_ESH3.6349706440415100006.1.E9249F57
[ExecType] 150 = 0 (NEW)
[OrderID] 37 = E9249F57-FBC5-405B-AE72-4A020953F570
[OrdStatus] 39 = 0 (NEW)
[SecurityID] 48 = CME_20130300_ESH3
[Symbol] 55 = ES
[SecurityExchange] 207 = CME_Eq
[MaturityMonthYear] 200 = 201303
[TimeInForce] 59 = 0 (DAY)
[SecurityDesc] 107 = E-mini S&P 500 Mar13
[Side] 54 = 1 (BUY)
[SecurityType] 167 = FUT (FUTURE)
[OrderQty] 38 = 1
[OrdType] 40 = 2 (LIMIT)
[Price] 44 = 149725
[TransactTime] 60 = 20130221-23:26:44.151
[HandlInst] 21 = 1 (AUTOMATED_EXECUTION_ORDER_PRIVATE_NO_BROKER_INTERVENTION)
[CustomerOrFirm] 204 = 0 (CUSTOMER)

Further details on the tags used for this order type are described in the dictionary of the New Order Single message.

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