Type: char
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.
Added in protocol FIX.2.7
See in: FIX.4.0, FIX.4.1, FIX.4.2, FIX.4.3, FIX.4.4, FIX.5.0SP1, FIX.5.0SP2, FIX.5.0SP2 EP240.
Valid values
Used in messages
- Allocation Instruction (J)
- Allocation Instruction Alert (BM)
- Allocation Report (a.k.a. Allocation Claim) (AS)
- Execution Report (8)
- Multileg Order Cancel/Replace (a.k.a. Multileg Order Modification Request) (AC)
- New Order – Multileg (AB)
- New Order – Single (D)
- Order Cancel/Replace Request (a.k.a. Order Modification Request) (G)