The TickRules component specifies the rules for determining how a security ticks, i.e. the price increments which it can be quoted, traded, and for certain cases settled, depending on the current price of the security.
Used in :
| Tag | Field Name | FIXML | Req'd | Comments | |||
|---|---|---|---|---|---|---|---|
| 1205 | NoTickRules | TickRules | N | Number of tick rules. This block specifies the rules for determining how a security ticks,i.e. the price increments at which it can be quoted and traded, depending on the current price of the security. | |||
| => | 1206 | StartTickPriceRange | @StartTickPxRng | C |
Required if NoTickRules(1205) > 0. |
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| => | 1207 | EndTickPriceRange | @EndTickPxRng | N |
Ending price range for the specified tick increment |
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| => | 1208 | TickIncrement | @TickIncr | N |
Tick increment for stated price range. Specifies the valid price increments at which a security can be quoted and traded |
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| => | 1209 | TickRuleType | @TickRuleTyp | N |
Specifies the type of tick rule which is being described |
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| => | 2571 | TickRuleProductComplex | @TickRuleProdCmplx | N |
Can be used to limit tick rule to specific product suite. |
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| => | 1830 | SettlPriceIncrement | @SettlPxIncr | N |
Settlement price increment for stated price range. |
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| => | 1831 | SettlPriceSecondaryIncrement | @SettlPxIncr2 | N |
Secondary settlement price increment for stated price range. The meaning of secondary is left to bilateral agreement, e.g. it may refer to final settlement for a contract. |
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