TagField NameXML NameData TypeUnion DatatypeDescriptionAddedDepr.Enums from tag
996UnitOfMeasure @UOMString

The unit of measure of the underlying commodity upon which the contract is based. Two groups of units of measure enumerations are supported.

Fixed Magnitude UOMs are primarily used in energy derivatives and specify a magnitude (such as, MM, Kilo, M, etc.) and the dimension (such as, watt hours, BTU's) to produce standard fixed measures (such as MWh - Megawatt-hours, MMBtu - One million BTUs).

The second group, Variable Quantity UOMs, specifies the dimension as a single unit without a magnitude (or more accurately a magnitude of one) and uses the UnitOfMeasureQty(1147) field to define the quantity of units per contract. Variable Quantity UOMs are used for both commodities (such as lbs of lean cattle, bushels of corn, ounces of gold) and financial futures.

Examples:

For lean cattle futures contracts, a UnitOfMeasure of 'lbs' with a UnitOfMeasureQty(1147) of 40,000, means each lean cattle futures contract represents 40,000 lbs of lean cattle.

For Eurodollars futures contracts, a UnitOfMeasure of USD with a UnitOfMeasureQty(1147) of 1,000,000, means a Eurodollar futures contract represents 1,000,000 USD.

For gold futures contracts, a UnitOfMeasure is oz_tr (Troy ounce) with a UnitOfMeasureQty(1147) of 1,000, means each gold futures contract represents 1,000 troy ounces of gold.



— Fixed Magnitude UOM —
Bcf=

Billion cubic feet

Added  FIX.4.4  EP-1[BillionCubicFeet]
MMbbl=

Million Barrels

Added  FIX.4.4  EP-1 Depr  FIX.5.0SP1[MillionBarrels]
MMBtu=

One Million BTU

Added  FIX.4.4  EP-1[OneMillionBTU]
MWh=

Megawatt hours

Added  FIX.4.4  EP-1[MegawattHours]
— Variable Quantity UOM —
Bbl=

Barrels

Added  FIX.4.4  EP-1[Barrels]
Bu=

Bushels

Added  FIX.4.4  EP-1[Bushels]
lbs=

pounds

Added  FIX.4.4  EP-1[Pounds]
Gal=

Gallons

Added  FIX.4.4  EP-1[Gallons]
oz_tr=

Troy Ounces

Added  FIX.4.4  EP-1[TroyOunces]
t=

Metric Tons (aka Tonne)

Added  FIX.4.4  EP-1[MetricTons]
tn=

Tons (US)

Added  FIX.4.4  EP-1[Tons]
USD=

US Dollars

Added  FIX.4.4  EP-1[USDollars]
Alw=

Allowances

Added  FIX.5.0SP1  EP89[Allowances]
Added  FIX.4.4  EP5

Used in messages:

Used in components:
[Instrument]