Tag 77
PositionEffect
Abbreviation:
PosEfctDescription
Indicates whether the resulting position after a trade should be an opening position or closing position. Used for omnibus accounting - where accounts are held on a gross basis instead of being netted together.
Wire Format & Usage Example
Single field (key=value)
77=C (Close)
In a FIX message (ExecutionReport)
8=FIX.4.4 | 9=... | 35=8 | 49=SENDER | 56=TARGET | 34=1 | 52=20240101-09:30:00.000 | … | 77=C (Close) | … | 10=...
Fields are delimited by SOH (ASCII 0x01), shown here as " | ". The highlighted field 77=C (Close) is this field's position in the message.
All valid values
| Wire | Name | Description |
|---|---|---|
77=C | Close | Close |
77=F | FIFO | FIFO |
77=O | Open | Open |
77=R | Rolled | Rolled |
77=N | CloseButNotifyOnOpen | Close but notify on open |
77=D | Default | Default |
Enumerated Values
6| Value | Symbolic Name | Description | Added |
|---|---|---|---|
| C | Close | Close | FIX.4.1 |
| F | FIFO | FIFO | FIX.4.3 |
| O | Open | Open | FIX.4.1 |
| R | Rolled | Rolled | FIX.4.3 |
| N | CloseButNotifyOnOpen | Close but notify on open | FIX.5.0 |
| D | Default | Default | FIX.5.0 |