Tag 544
CashMargin
Abbreviation:
CshMgnDescription
Identifies whether an order is a margin order or a non-margin order. This is primarily used when sending orders to Japanese exchanges to indicate sell margin or buy to cover. The same tag could be assigned also by buy-side to indicate the intent to sell or buy margin and the sell-side to accept or reject (base on some validation criteria) the margin request.
Wire Format & Usage Example
Single field (key=value)
544=1 (Cash)
In a FIX message (ExecutionReport)
8=FIX.4.4 | 9=... | 35=8 | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 544=1 (Cash) | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 544=1 (Cash) is this field's position in the message.
All valid values
| Wire | Name | Description |
|---|---|---|
544=1 | Cash | Cash |
544=2 | MarginOpen | Margin Open |
544=3 | MarginClose | Margin Close |
Enumerated Values
3| Value | Symbolic Name | Description | Added |
|---|---|---|---|
| 1 | Cash | Cash | FIX.4.3 |
| 2 | MarginOpen | Margin Open | FIX.4.3 |
| 3 | MarginClose | Margin Close | FIX.4.3 |