Tag 844
DiscretionRoundDirection
Abbreviation:
RndDirDescription
If the calculated discretionary price is not a valid tick price, specifies whether to round the price to be more or less aggressive
Wire Format & Usage Example
Single field (key=value)
844=1 (MoreAggressive)
In a FIX message (ExecutionReport)
8=FIX.4.4 | 9=... | 35=8 | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 844=1 (MoreAggressive) | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 844=1 (MoreAggressive) is this field's position in the message.
All valid values
| Wire | Name | Description |
|---|---|---|
844=1 | MoreAggressive | More aggressive – on a buy order round the price up round up to the nearest tick, on a sell round down to the nearest tick |
844=2 | MorePassive | More passive – on a buy order round down to nearest tick on a sell order round up to nearest tick |
Enumerated Values
2| Value | Symbolic Name | Description | Added |
|---|---|---|---|
| 1 | MoreAggressive | More aggressive – on a buy order round the price up round up to the nearest tick, on a sell round down to the nearest tick | FIX.4.4 |
| 2 | MorePassive | More passive – on a buy order round down to nearest tick on a sell order round up to nearest tick | FIX.4.4 |