Component
DiscretionInstructions
| ID | 1001 |
| Pedigree | Added FIX.4.4 |
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.
Field | Name | Type | Req'd | Comments | Pedigree |
|---|---|---|---|---|---|
388 | What the discretionary price is related to (e.g. primary price, display price etc) | Added FIX.4.4 | |||
389 | Amount (signed) added to the "related to" price specified via DiscretionInst, in the context of DiscretionOffsetType | Added FIX.4.4 | |||
841 | Describes whether discretion price is static/fixed or floats | Added FIX.4.4 | |||
842 | Type of Discretion Offset (e.g. price offset, tick offset etc) | Added FIX.4.4 | |||
843 | Specifies the nature of the resulting discretion price (e.g. or better limit, strict limit etc) | Added FIX.4.4 | |||
844 | 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) | Added FIX.4.4 | |||
846 | The scope of "related to" price of the discretion (e.g. local, global etc) | Added FIX.4.4 |
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