<BaseTradingRules> Component Block

Trading rules that are applicable to a market, market segment or individual security independent of a trading session.

Used in :

Tag Field Name FIXML Req'd Comments
<TickRules> N
<LotTypeRules> N
<PriceLimits> N
<PriceRangeRuleGrp> N
<QuoteSizeRuleGrp> N
827 ExpirationCycle @ExpirationCycle N Defines the default Price Type used for trading.
1786 TradeVolType @TrdVolTyp N

Define the type of trade volume applicable for the MinTradeVol(562) and MaxTradeVol(1140)

562 MinTradeVol @MinTrdVol N

The minimum order quantity (as expressed by TradeVolType(1786)) that can be submitted for a security.

1140 MaxTradeVol @MaxTrdVol N

For listed derivatives this indicates the minimum quantity necessary for an order or trade to qualify as a block trade.

1143 MaxPriceVariation @MxPxVar N

The maximum price variation of an execution from one event to the next for a given security. Expressed in absolute price terms.

1144 ImpliedMarketIndicator @ImpldMktInd N

Indicates that an implied market should be created for either the legs of a multi-leg instrument (Implied-in) or for the multi-leg instrument based on the existence of the legs (Implied-out). Determination as to whether implied markets should be created is generally done at the level of the multi-leg instrument. Commonly used in listed derivatives.

1245 TradingCurrency @TrdCcy N

Used when the trading currency can differ from the price currency

2934 TradingCurrencyCodeSource @TrdCcySrc N

Identifies class or source of the TradingCurrency(1245) value.

561 RoundLot @RndLot N

The trading lot size of a security

1377 MultilegModel @MlegModel N

Used for multileg security only.

1378 MultilegPriceMethod @MlegPxMeth N

Used for multileg security only.

423 PriceType @PxTyp N

Defines the default price type used for trading.

2557 FastMarketPercentage @FastMktPctage N

Can be used as a factor to be applied to other base trading rules during a fast market, e.g. to widen price or size ranges by the specified percentage factor.

2559 QuoteSideIndicator @QuotSideInd N

Indicates whether single sided quotes are allowed.