Tag 74
AvgPxPrecision
Abbreviation:
AvgPxPrcsnDescription
Indicates number of decimal places to be used for average pricing. Absence of this field indicates that default precision arranged by the broker/institution is to be used.
Wire Format & Usage Example
Single field (key=value)
74=150.25
In a FIX message (AllocationInstruction)
8=FIX.4.4 | 9=... | 35=J | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 74=150.25 | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 74=150.25 is this field's position in the message.