This extension covers part of the SEC amendments for Regulation SHO to place further restrictions on short selling. See also EP120.

Since the SEC amendment provides exemptions to the rule (broker/dealers may submit “short exempt” orders under certain conditions), it is necessary to enhance FIX messages during the trade lifecycle. In particular, a FIX order message must be able to indicate whether the order is exempt from the rule. Furthermore, execution and trade reporting messages need to be able to convey the reason for the exemption.

Update History

[Updated 2013-12-09] The FIXML Schema and FIX Repository files have been updated for the following changes: an update to the base FIX 5.0 SP2 (See 20131209 Errata Release Notes); an update to EP105 to correct an issue with incorrect coding of UndInstrmtGrp and InstrmtLegGrp components in the Repository; an error in EP106 was also corrected to resolve FIXML Schema validation issues with components assigned to incorrect component categories.

[Updated 2012-01-12] Added repository and FIXML Schema. ASBUILT document updated.

Files list:
FIX Protocol Gap Analysis - SEC Short Sale Exemption Reason Code Proposal v0.5_ASBUILT.pdf

Total Files3
File Size1.46 MB
Create DateJune 19, 2017