Tag 849
ParticipationRate
Abbreviation:
ParticipationRtDescription
For a TargetStrategy=Participate order specifies the target particpation rate. For other order types this is a volume limit (i.e. do not be more than this percent of the market volume)
Wire Format & Usage Example
Single field (key=value)
849=0.05
In a FIX message (ExecutionReport)
8=FIX.4.4 | 9=... | 35=8 | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 849=0.05 | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 849=0.05 is this field's position in the message.