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FIXtags

FIX TAG 423

PriceType

intAdded FIX.4.2

Definition

Code to represent the price type.

Compare versions

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

FIX 5.0 SP2 FIX Latest · EP309

Definition text changed

FIX 5.0 SP2

Code to represent the price type. (For Financing transactions PriceType implies the "repo type" - Fixed or Floating - 9 (Yield) or 6 (Spread) respectively - and Price (44) gives the corresponding "repo rate". See Volume : "Glossary" for further value definitions)

FIX Latest · EP309

Code to represent the price type.

Values only in FIX Latest · EP309 7

  • 12Price spread
    Additional source detail

    Price spread is expressed based on market convention for the asset being priced or traded. For example, the difference between the prices of a multileg switch or strategy expressed in basis points for a CDS or TBA roll; a price value to be added to a reference price, such as a "pay up" for specified pools

  • 20Normal rate representation (e.g. FX rate)
  • 21Inverse rate representation (e.g. FX rate)
  • 22Basis points
    Additional source detail

    When the price is not spread based.

  • 23Up front points
    Additional source detail

    Used specifically for CDS pricing.

  • 24Interest rate
    Additional source detail

    When the price is an interest rate. For example, used with benchmark reference rate.

  • 25Percentage of notional

Value text or deprecation changed 5

ValueFIX 5.0 SP2FIX Latest · EP309
6Spread (basis points spread)Spread (basis points spread)
Additional source detail

Usually the difference in yield between two switched bonds or a corporate bond traded spread-to-benchmark.

13Product ticks in halfsProduct ticks in halves
15Product ticks in eightsProduct ticks in eighths
18Product ticks in sixty-forthsProduct ticks in sixty-fourths
19Product ticks in one-twenty-eightsProduct ticks in one-twenty-eighths

Values 25

ValueMeaning
1

Percentage (i.e. percent of par) (often called "dollar price" for fixed income)

2

Per unit (i.e. per share or contract)

3

Fixed amount (absolute value)

4

Discount - percentage points below par

5

Premium - percentage points over par

6

Spread (basis points spread)

Additional detail from the official source

Usually the difference in yield between two switched bonds or a corporate bond traded spread-to-benchmark.

7

TED Price

8

TED Yield

9

Yield

10

Fixed cabinet trade price (primarily for listed futures and options)

11

Variable cabinet trade price (primarily for listed futures and options)

12

Price spread

Additional detail from the official source

Price spread is expressed based on market convention for the asset being priced or traded. For example, the difference between the prices of a multileg switch or strategy expressed in basis points for a CDS or TBA roll; a price value to be added to a reference price, such as a "pay up" for specified pools

13

Product ticks in halves

14

Product ticks in fourths

15

Product ticks in eighths

16

Product ticks in sixteenths

17

Product ticks in thirty-seconds

18

Product ticks in sixty-fourths

19

Product ticks in one-twenty-eighths

20

Normal rate representation (e.g. FX rate)

21

Inverse rate representation (e.g. FX rate)

22

Basis points

Additional detail from the official source

When the price is not spread based.

23

Up front points

Additional detail from the official source

Used specifically for CDS pricing.

24

Interest rate

Additional detail from the official source

When the price is an interest rate. For example, used with benchmark reference rate.

25

Percentage of notional

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 43

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