Tag 401
SideValueInd
Abbreviation:
Description
Code to identify which "SideValue" the value refers to. SideValue1 and SideValue2 are used as opposed to Buy or Sell so that the basket can be quoted either way as Buy or Sell.
Wire Format & Usage Example
Single field (key=value)
401=1 (Buy)
In a FIX message (OrderList)
8=FIX.4.4 | 9=... | 35=E | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 401=1 (Buy) | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 401=1 (Buy) is this field's position in the message.