The presence of DiscretionInstructions component block on an order indicates that the trader wishes to display one price but will accept trades at another price.
Pedigree Added FIX.4.4
Expand Components | Collapse Components
Field or Component | Field Name | Abbr Name | Req'd | Comments | Pedigree |
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388 | DiscretionInst | DsctnInst | What the discretionary price is related to (e.g. primary price, display price etc) | Added FIX.4.4 | ||
389 | DiscretionOffsetValue | OfstValu | Amount (signed) added to the related toprice specified via DiscretionInst, in the context of DiscretionOffsetType | Added FIX.4.4 | ||
841 | DiscretionMoveType | MoveTyp | Describes whether discretion price is static/fixed or floats | Added FIX.4.4 | ||
842 | DiscretionOffsetType | OfstTyp | Type of Discretion Offset (e.g. price offset, tick offset etc) | Added FIX.4.4 | ||
843 | DiscretionLimitType | LimitTyp | Specifies the nature of the resulting discretion price (e.g. or better limit, strict limit etc) | Added FIX.4.4 | ||
844 | DiscretionRoundDirection | RndDir | If the calculated discretion price is not a valid tick price, specifies how to round the price (e.g. to be more or less aggressive) | Added FIX.4.4 | ||
846 | DiscretionScope | Scope | The scope of related toprice of the discretion (e.g. local, global etc) | Added FIX.4.4 |
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