[This message was posted by Hanno Klein of Deutsche Börse Systems <[EMAIL PROTECTED]> to the "General Q/A" discussion forum at http://fixprotocol.org/discuss/22. You can reply to it on-line at http://fixprotocol.org/discuss/read/6cbf6d10 - PLEASE DO NOT REPLY BY MAIL.]
In my view these are a type of pegged orders. FIX 4.4 already offers OrdType P=Pegged and the component block PegInstructions. FIX 5.0 then added tag 1094 PegPriceType with 2=Mid-price peg to this block. Would that cover your requirement? If so, I suggest to add something in 4.4 that is compatible with what is available in FIX 5.0. That makes a later transition easier for you. Regards, Hanno. > Hi all, > > I have a doubt about how to send, using FIX protocol, a midpoint order. > This kind of order is an order that remains totally invisible (neither > volume nor limits are disclosed to other market participants). This kind > of order offers the possibility of order executions at the midpoint of > best bid/best ask spread. I have been searching into FIX4.4 protocol, > and I couldn't find no fields or values to report this kind of order. > Maybe I can use NewOrderSingle, adding into my own FIX specifications a > new value for OrdType, or a new value into ExecInst. What do you think? > Which solution do you think is the best for this issue? > > Thank you in advance, > > Abel Monroy [You can unsubscribe from this discussion group by sending a message to mailto:[EMAIL PROTECTED] --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/FIX-Protocol?hl=en -~----------~----~----~----~------~----~------~--~---
