Tag 1208
TickIncrement
Abbreviation:
TickIncrDescription
Tick increment for stated price range. Specifies the valid price increments at which a security can be quoted and traded
Wire Format & Usage Example
Single field (key=value)
1208=100.50
In a FIX message (SecurityDefinition)
8=FIX.4.4 | 9=... | 35=d | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 1208=100.50 | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 1208=100.50 is this field's position in the message.