Tag 1144
ImpliedMarketIndicator
Abbreviation:
ImpldMktIndDescription
Indicates that an implied market should be created for either the legs of a multi-leg instrument (Implied-in) or for the multi-leg instrument based on the existence of the legs (Implied-out). Determination as to whether implied markets should be created is generally done at the level of the multi-leg instrument. Commonly used in listed derivatives.
Wire Format & Usage Example
Single field (key=value)
1144=0 (NotImplied)
In a FIX message (SecurityDefinition)
8=FIX.4.4 | 9=... | 35=d | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 1144=0 (NotImplied) | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 1144=0 (NotImplied) is this field's position in the message.
All valid values
| Wire | Name | Description |
|---|---|---|
1144=0 | NotImplied | Not implied |
1144=1 | ImpliedIn | Implied-in - The existence of a multi-leg instrument is implied by the legs of that instrument |
1144=2 | ImpliedOut | Implied-out - The existence of the underlying legs are implied by the multi-leg instrument |
1144=3 | BothImpliedInAndImpliedOut | Both Implied-in and Implied-out |
Enumerated Values
4| Value | Symbolic Name | Description | Added |
|---|---|---|---|
| 0 | NotImplied | Not implied | FIX.5.0 |
| 1 | ImpliedIn | Implied-in - The existence of a multi-leg instrument is implied by the legs of that instrument | FIX.5.0 |
| 2 | ImpliedOut | Implied-out - The existence of the underlying legs are implied by the multi-leg instrument | FIX.5.0 |
| 3 | BothImpliedInAndImpliedOut | Both Implied-in and Implied-out | FIX.5.0 |