Orchimate 1.4.0 /

FIX User Defined Fields1.0

Orchestra Hub

1 = explicit 2 = implied

default value is 1

this tag will be used to differenciate a price that is explicit from a price that is implied. explicit prices are provided based on orders sitting in the central order book. implied prices are calculated based on explicit prices and are contingent (e.g. a spread combination may offer an implied bid price if the first leg has an explicit bid price and the second leg an ask explicit price).