Tag 550
CrossPrioritization
Abbreviation:
CrssPriortstnDescription
Indicates if one side or the other of a cross order should be prioritized.
The definition of prioritization is left to the market. In some markets prioritization means which side of the cross order is applied to the market first. In other markets - prioritization may mean that the prioritized side is fully executed (sometimes referred to as the side being protected).
Wire Format & Usage Example
Single field (key=value)
550=0 (None)
In a FIX message (NewOrderCross)
8=FIX.4.4 | 9=... | 35=s | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 550=0 (None) | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 550=0 (None) is this field's position in the message.
All valid values
| Wire | Name | Description |
|---|---|---|
550=0 | None | None |
550=1 | BuySideIsPrioritized | Buy side is prioritized |
550=2 | SellSideIsPrioritized | Sell side is prioritized |
Enumerated Values
3| Value | Symbolic Name | Description | Added |
|---|---|---|---|
| 0 | None | None | FIX.4.3 |
| 1 | BuySideIsPrioritized | Buy side is prioritized | FIX.4.3 |
| 2 | SellSideIsPrioritized | Sell side is prioritized | FIX.4.3 |