<DiscretionInstructions> Component Block

The presence of DiscretionInstructions component block on an orderindicates that the trader wishes to display one price but will accept trades at another price.

Used in :

Tag Field Name FIXML Req'd Comments
388 DiscretionInst @DsctnInst N The scope of "related to" price of the discretion (e.g. local, global etc).
389 DiscretionOffsetValue @OfstValu N

Amount (signed) added to the "related to" price specified via DiscretionInst, in the context of DiscretionOffsetType

841 DiscretionMoveType @MoveTyp N

Describes whether discretion price is static/fixed or floats

842 DiscretionOffsetType @OfstTyp N

Type of Discretion Offset (e.g. price offset, tick offset etc)

843 DiscretionLimitType @LimitTyp N

Specifies the nature of the resulting discretion price (e.g. or better limit, strict limit etc)

844 DiscretionRoundDirection @RndDir N

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)

846 DiscretionScope @Scope N

The scope of "related to" price of the discretion (e.g. local, global etc)