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FIXtags

COMPONENT · SOURCE ID 1001

DiscretionInstructions

Definition

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.

This is a reusable definition. Requiredness is relative to this structure; its use and conditions in a message remain on that message's page. Version links browse the other dictionary, not an assumed equivalent component.

Direct members

  1. 388 DiscretionInstfield—

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

  2. 389 DiscretionOffsetValuefield—

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

  3. 841 DiscretionMoveTypefield—

    Describes whether discretion price is static/fixed or floats

  4. 842 DiscretionOffsetTypefield—

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

  5. 843 DiscretionLimitTypefield—

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

  6. 844 DiscretionRoundDirectionfield—

    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)

  7. 846 DiscretionScopefield—

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

Used in messages

Direct parent structures