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 |
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| 841 | DiscretionMoveType | @MoveTyp | N |
Describes whether discretion price is static/fixed or floats |
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| 842 | DiscretionOffsetType | @OfstTyp | N |
Type of Discretion Offset (e.g. price offset, tick offset etc) |
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| 843 | DiscretionLimitType | @LimitTyp | N |
Specifies the nature of the resulting discretion price (e.g. or better limit, strict limit etc) |
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| 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) |
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| 846 | DiscretionScope | @Scope | N |
The scope of "related to" price of the discretion (e.g. local, global etc) |
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