Skip to content
FIXtags

FIX TAG 2405

ExecMethod

intAdded FIX.5.0SP2 · EP186

Definition

Specifies how the transaction was executed, e.g. via an automated execution platform or other method.

Compare versions

Differences between the selected source snapshots, including wording and errata; not a migration guide.

FIX 5.0 SP2 FIX Latest · EP309

This tag is not present in the FIX 5.0 SP2 source. There is no definition or value list to compare.

Values 4

ValueMeaning
0

Undefined/unspecified - (default when not specified)

1

Manual

Additional detail from the official source

The transaction was executed in a manual or other non-automated manner, e.g. by voice directly between the counterparties. In the context of Market Model Typology (MMT), this value represents an off book non-automated transaction type.

2

Automated

Additional detail from the official source

The transaction was executed on an automated execution platform such as an automated systematic internaliser system, broker crossing network, broker crossing system, dark pool trading, "direct to capital" systems, broker position unwind mechanisms, etc.

3

Voice brokered

Additional detail from the official source

The transaction was negotiated by voice through an intermediary.

About the int data type

Sequence of digits without commas or decimals and optional sign character (ASCII characters "-" and "0" - "9" ). The sign character utilizes one byte (i.e. positive int is "99999" while negative int is "-99999"). Note that int values may contain leading zeros (e.g. "00023" = "23").

Used in messages 3

Includes nested components and repeating groups. Open a location to see its surrounding requirements.