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FIXtags

FIX TAG 2667

AlgorithmicTradeIndicator

intAdded FIX.5.0SP2 · EP216

Definition

Indicates that the order or trade originates from a computer program or algorithm requiring little-to-no human intervention.

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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 2

ValueMeaning
0

Non-algorithmic trade

1

Algorithmic trade

Additional detail from the official source

In the context of ESMA MiFID II, a trade has to be flagged as "algorithmic" if at least one of the matched orders was submitted by a trading algorithm. See Directive 2014/65/EU Article 4(1)(39).

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 4

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