Futures and Options Reject Codes

This topic lists the CME-defined iLink reject codes and the accompanying text explanation in 58-Text sent in the reject response to an inbound iLink message from the client to CME Globex which has been rejected. 

For questions on error codes not defined below, contact the GCC. 

Error Code

Tag 58-Text

Error Code

Tag 58-Text

Sent in response to New Order (tag 35-MsgType=D)
in tag 103-OrdRejReason of the Execution Report (tag 35-MsgType=8)

Text explanation of error code

1003

Orders may not be entered while the market is closed

1003

Orders may not be entered while the market is paused

1011

FIX field incorrect

1012

Price must be greater than zero

1013

Invalid order qualifier

1014

The user is not authorized to trade

2013

Market price orders not supported by opposite limit

2019

Order's GTD Expire Date is before the current (or next, if not currently in a session) trading session end date

7000

Order rejected

2046

Disclosed Quantity cannot be greater than total or remaining qty

2047

Order contract is unknown

2051

The Order was submitted with a different side than the requesting Cancel

2058

Stop price maxi-mini must be greater than or equal to trigger price

2059

Stop price maxi-mini must be smaller than or equal to trigger price

2060

Sell order stop price must be below last trade price

2061

Buy order stop price must be above last trade price

2115

Order quantity is outside of the allowable range

2130

Order type not permitted while the market is in Post Close/Pre-Open (PCP)

2137

Order price is outside the limits

2179

Order price is outside bands

2311

Order type not permitted for group

2500

Instrument has a request for cross in progress

2501

Order Quantity too low

4999

Order not allowed on Instruments without a valid Value Date

7027

Order type not permitted while the market is reserved

7028

Order session date is in the past

7029

Orders may not be entered while the market is forbidden

7613

Disclosed quantity cannot be smaller than the minimum quantity

7614

Self Match Prevention ID is not associated with the given Firm ID

Sent in response to Order Cancel-Replace Request (tag 35-MsgType=G) message
in tag 102-CxlRejReason of the Order Cancel-Replace Reject (tag 35-MsgType=9)



1003

Orders may not be entered while the market is closed

1003

Orders may not be entered while the market is paused

1012

Price must be greater than zero

1013

Invalid order qualifier

1014

The user is not authorized to trade

2013

Market price orders not supported by opposite limit

2019

Order's GTD Expire Date is before the current (or next, if not currently in a session) trading session end date

2046

Disclosed Quantity cannot be greater than total or remaining qty

2047

Order contract is unknown

2048

The order was submitted with a different SenderCompID than the requesting cancel

2058

Stop price max-min must be greater than or equal to trigger price

2059

Stop price max-min must be smaller than or equal to trigger price

2060

Sell order stop price must be below last trade price

2061

Buy order stop price must be above last trade price

2100

The modify was submitted on a different product than the original order

2101

Attempt to modify an order with a different in-flight-fill mitigation status than first modification

2102

Attempt to modify an order with a different SenderCompID than the original order

2115

Order quantity is outside of the allowable range

2130

Order type not permitted while the market is in Post Close/Pre-Open (PCP)

2137

Order price is outside the limits

2179

Order price is outside bands

2311

Order type not permitted for group

2500

Instrument has a request for cross in progress

2501

Order Quantity too low

5102

Modification of orders from Iceberg to Non-Iceberg & vice-versa is not allowed.

7000

Order rejected

7016

This order is not on the book

7024

Order cannot be modified or cancelled while the market is in No Cancel

7027

Order type not permitted while the market is reserved

7028

Order session date is in the past

7029

Orders may not be entered while the market is forbidden

7613

Disclosed quantity cannot be smaller than the minimum quantity

7614

Self Match Prevention ID is not associated with the given Firm ID

Sent in response to Order Cancel Request (tag 35-MsgType=F) message
in tag 102-CxlRejReason of the Order Cancel Reject (tag 35-MsgType=9)



1003

Orders may not be canceled while the market is closed

1003

Orders may not be canceled while the market is paused

2045

This order is not on the book

2048

The order was submitted with a different SenderCompID than the requesting cancel

2051

The order was submitted with a different side than the requesting Cancel

7024

Order cannot be modified or cancelled while the market is in No Cancel

7027

Order type not permitted while the market is reserved

7029

Orders may not be entered while the market is forbidden

Sent in response to the New Order Cross (tag 35-MsgType=s) message
in tag 103-OrdRejReason of the Execution Report (tag 35-MsgType=8)



2502

CrossType ineligible in Instrument

2503

RFQ for Cross is not allowed since contract is not RFQ for Cross eligible

3000

RFQ rejected, instrument/exchange not tradable

3001

RFQ rejected, instrument/exchange no known

7610

RFC not allowed during RTH.

Sent in response to Security Definition Request (tag 35-MsgType=c) message



3002

Error creating contract

3010

Business Reject: Other

3011

Business Reject: Unknown ID

3012

Business Reject: Unknown SECURITY

3013

Business Reject: Unsupported Message Type

3014

Business Reject: Application Not Available

3015

Business Reject: Required Field Missing

3016

: Contract claims to be a spread but its missing one or more legs

4000

Engine did not respond to request

7005

Order contract is unknown

7009

The contract for this order is past expiration date and may no longer be traded

7009

The contract for this order is has a future activation date and cannot yet be traded

7010

Invalid spread price

7011

The maximum amount of working orders for this contract has been exceeded

7012

Submission of this order would cause an overwrite of an existing order on book

7013

Order group does not match group of contract

7014

Order Security type does not match security type of contract

7015

Order modify has different side than existing order

7020

No Trading Calendar found on or after Order's GTD Expire Date

7021

Tag ExpireDate (432) beyond instrument expiration

7022

Tag ExpireDate (432) beyond UDS COMBO earliest leg expiration

Sent in response to Mass Quote (tag 35-MsgType=i) message
in tag 58-Text of the Quote Acknowledgment (tag 35-MsgType=b)



2600

Market Maker protection has tripped

7101

Quote rejected: Unknown instrument

7102

Quote rejected: Exchange (Security) closed

7103

Quote rejected: Quote exceeds limit

7104

Quote rejected: Quote entry quantity is outside of the allowable range

7105

Quote rejected: Unknown Quote

7106

Quote rejected: Duplicate Quote in same message

7107

Quote rejected: Invalid bid/ask spread

7108

Quote rejected: Invalid price

7109

Quote rejected: Not authorized to quote this instrument

7110

Quote rejected, resting cancelled: Too many rejects

7111

Quote rejected: Duplicate Quote, different ID

7112

Quote rejected, resting cancelled: Quote exceeds limit

7113

Quote rejected, resting cancelled: Duplicate Quote

7114

Quote rejected, resting cancelled: Invalid bid/ask spread

7115

Quote rejected, resting cancelled: Invalid price

7116

Quote rejected, resting cancelled: Not authorized to quote this instrument

7117

Quote rejected: Unspecified reason

7118

Quote rejected: Exchange (Security) is in pre open

7119

Quote rejected: Exchange (Security) is in no cancel

7120

Quote rejected: Exchange (Security) is reserved

7121

Quote rejected, resting cancelled: Quote entry quantity is outside of the allowable range

7122

Quote rejected, resting cancelled: Self Match Prevention ID is not associated with the given Firm ID

9999

Technical error - Function not performed.

Sent in tag 380-BusinessRejectReason of the Business Reject (tag 35=j) message in response to messages sent for Cancel on Behalf (COB) functionality.



141

Invalid On-Behalf Information if less than 6 characters (i.e. invalid tag 9937-OrigOrderUser)

This text is not sent in tag 58-Text.

142

Invalid On-Behalf Information if both sender comp ID's are the same value (i.e. tag 9937-OrigOrderUser cannot be same as sending session and firm)

This text is not sent in tag 58-Text.

143

Invalid On-Behalf Information if both GFID's are different (i.e. GFID does not match between tag 9937- OrigOrderUser and PartyDetailRole=1)

This text is not sent in tag 58-Text.

144   

Quotes cannot be blocked for instrument or quote set on-behalf 

145 

Quote rejected: Blocked from quoting this instrument 'cannot quote group: xx'

146

Cancel On Behalf feature not available

147

Not Authorized to cancel for OrigOrderUser: xxxxxx

148

CancelOnBehalf not allowed on iLink2 order or quote




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