Tag 847
TargetStrategy
Abbreviation:
TgtStrategyDescription
The target strategy of the order
1000+ = Reserved and available for bi-laterally agreed upon user defined values
Wire Format & Usage Example
Single field (key=value)
847=1 (VWAP)
In a FIX message (ExecutionReport)
8=FIX.4.4 | 9=... | 35=8 | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 847=1 (VWAP) | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 847=1 (VWAP) is this field's position in the message.
All valid values
| Wire | Name | Description |
|---|---|---|
847=1 | VWAP | VWAP |
847=2 | Participate | Participate (i.e. aim to be x percent of the market volume) |
847=3 | MininizeMarketImpact | Mininize market impact |
Enumerated Values
3| Value | Symbolic Name | Description | Added |
|---|---|---|---|
| 1 | VWAP | VWAP | FIX.4.4 |
| 2 | Participate | Participate (i.e. aim to be x percent of the market volume) | FIX.4.4 |
| 3 | MininizeMarketImpact | Mininize market impact | FIX.4.4 |