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 Component | Field Name | FIXML name | Req'd | Comments | Depr. |
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388 | DiscretionInst | @DsctnInst |
What the discretionary price is related to (e.g. primary price, display price etc) | |||
389 | DiscretionOffsetValue | @OfstValu |
Amount (signed) added to the "related to" price specified via DiscretionInst, in the context of DiscretionOffsetType | |||
841 | DiscretionMoveType | @MoveTyp |
Describes whether discretion price is static/fixed or floats | |||
842 | DiscretionOffsetType | @OfstTyp |
Type of Discretion Offset (e.g. price offset, tick offset etc) | |||
843 | DiscretionLimitType | @LimitTyp |
Specifies the nature of the resulting discretion price (e.g. or better limit, strict limit etc) | |||
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) | |||
846 | DiscretionScope | @Scope |
The scope of "related to" price of the discretion (e.g. local, global etc) |
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