FIX.4.4 Component

DiscretionInstructions

<DiscInstr>

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.


Added  FIX.4.4

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Field or ComponentField NameFIXML nameReq'dCommentsDepr.
388DiscretionInst@DsctnInst 

What the discretionary price is related to (e.g. primary price, display price etc)

 
389DiscretionOffsetValue@OfstValu 

Amount (signed) added to the "related to" price specified via DiscretionInst, in the context of DiscretionOffsetType

 
841DiscretionMoveType@MoveTyp 

Describes whether discretion price is static/fixed or floats

 
842DiscretionOffsetType@OfstTyp 

Type of Discretion Offset (e.g. price offset, tick offset etc)

 
843DiscretionLimitType@LimitTyp 

Specifies the nature of the resulting discretion price (e.g. or better limit, strict limit etc)

 
844DiscretionRoundDirection@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)

 
846DiscretionScope@Scope 

The scope of "related to" price of the discretion (e.g. local, global etc)

 

Used in messages:
[CrossOrderCancelReplaceRequest] [ExecutionReport] [MultilegOrderCancelReplace] [NewOrderCross] [NewOrderMultileg] [NewOrderSingle] [OrderCancelReplaceRequest]

Used in components:
[ListOrdGrp]