Category 5: Securities markets
MT576 Statement of Open Orders
Written and maintained by ZagTrader. Last reviewed . How this page is sourced and checked
The MT576 is sent by an executing party, such as a broker-dealer, to the instructing party (the client) or its agent to list orders that, at a given date, have not yet been legally agreed or fully executed. Where permitted, an exchange can also send it. It can cover all open orders or a selection by instrument and account.
- Message type
- MT576
- Category
- 5
- Status
- In the current standard
- ISO 20022
- No direct equivalent
What MT576 is used for
Orders are placed with the MT502 and their status is reported with the MT509; executions are advised with the MT513 or confirmed with the MT515. The MT576 is the snapshot of what is still open, useful to reconcile the order book at the end of the day. The client can request it with an MT549.
- Sent by
- The executing party (broker-dealer), or an exchange where permitted
- Sent to
- The instructing party (client) or its authorised agent
Fields
This is a catalogue entry: the field-by-field structure is not shown here because we publish structures only where we have checked them against public sources. Paste an MT576 into the parser to see each field decoded with its tag, name and value.
ISO 20022
Swift’s MT and MX equivalence tables list no ISO 20022 equivalent for the MT576.
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