Type: int
The target strategy of the order
1000+ = Reserved and available for bi-laterally agreed upon user defined values
Added in protocol FIX.4.4
See in: FIX.4.4, FIX.5.0SP1, FIX.5.0SP2, FIX.5.0SP2 EP240.
Valid values
| Value | Description | Added |
|---|---|---|
| 1 | VWAP | FIX.4.4 |
| 2 | Participate (i.e. aim to be x percent of the market volume) | FIX.4.4 |
| 3 | Mininize market impact | FIX.4.4 |
Used in messages
- Cross Order Cancel/Replace Request (a.k.a. Cross Order Modification Request) (t)
- Execution Report (8)
- Multileg Order Cancel/Replace (a.k.a. Multileg Order Modification Request) (AC)
- New Order – Cross (s)
- New Order – Multileg (AB)
- New Order – Single (D)
- Order Cancel/Replace Request (a.k.a. Order Modification Request) (G)