[This message was posted by Hanno Klein of Deutsche Börse Systems <[email protected]> to the "4.4 Changes" discussion forum at http://fixprotocol.org/discuss/17. You can reply to it on-line at http://fixprotocol.org/discuss/read/c5c1638e - PLEASE DO NOT REPLY BY MAIL.]
I would not see it as an issue of the price being special but of the trade being of a certain type that allows for the price to deviate from some well defined market price. For example TrdType 22=Privately Negotiated Trades allows you to convey the fact that this is an off book trade. The recipient can then ignore the price for his algorithm because it does not necessarily reflect the outcome of an orderbook situation on a marketplace. There are other options if you need TrdType for other things. For example, MatchType (574) 1 or 2 can indicate trade reporting of privately negotiated trades. I concur that PriceType is of more technical nature to be able to interpret the value in the related price field. Regards, Hanno. > Special price is a price which is of any reason differing from the market price.. > > To tag this on an off book trade report, we have a few possiblities. > I wonder if anyone else has used this fields before to define special price. > trdSubType (tag 829) or trdType (tag 828). [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.
