Home / FIX.5.0SP2 / Fields / Tag 516

OrderPercent

Tag 516

OrderPercent

Abbreviation: Pct
TypePercentage
Tag516
AddedFIX.4.3
Used in20 messages

Description

For CIV specifies the approximate order quantity desired. For a CIV Sale it specifies percentage of investor's total holding to be sold. For a CIV switch/exchange it specifies percentage of investor's cash realised from sales to be re-invested. The executing broker, intermediary or fund manager is responsible for converting and calculating OrderQty (38) in shares/units for subsequent messages.

Wire Format & Usage Example

Single field (key=value)
516=0.05
In a FIX message (ExecutionReport)
8=FIX.4.4 | 9=... | 35=8 | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 516=0.05 | … | 10=...

Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 516=0.05 is this field's position in the message.

Used in Messages

20
tCrossOrderCancelReplaceRequestuCrossOrderCancelRequestQDontKnowTradeBNExecutionAcknowledgement8ExecutionReport6IOIACMultilegOrderCancelReplacesNewOrderCrossENewOrderListABNewOrderMultilegDNewOrderSingleGOrderCancelReplaceRequestFOrderCancelRequestSQuoteRQuoteRequestAGQuoteRequestRejectAJQuoteResponseAIQuoteStatusReportAETradeCaptureReportARTradeCaptureReportAck