Tag 843
DiscretionLimitType
Abbreviation:
LimitTypDescription
Type of Discretion Limit
Wire Format & Usage Example
Single field (key=value)
843=0 (OrBetter)
In a FIX message (ExecutionReport)
8=FIX.4.4 | 9=... | 35=8 | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 843=0 (OrBetter) | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 843=0 (OrBetter) is this field's position in the message.
All valid values
| Wire | Name | Description |
|---|---|---|
843=0 | OrBetter | Or better (default) - price improvement allowed |
843=1 | Strict | Strict – limit is a strict limit |
843=2 | OrWorse | Or worse – for a buy the discretion price is a minimum and for a sell the discretion price is a maximum (for use for orders which have a price range) |
Enumerated Values
3| Value | Symbolic Name | Description | Added |
|---|---|---|---|
| 0 | OrBetter | Or better (default) - price improvement allowed | FIX.4.4 |
| 1 | Strict | Strict – limit is a strict limit | FIX.4.4 |
| 2 | OrWorse | Or worse – for a buy the discretion price is a minimum and for a sell the discretion price is a maximum (for use for orders which have a price range) | FIX.4.4 |