Type: int
Indicates that an implied market should be created for either the legs of a multi-leg instrument (Implied-in) or for the multi-leg instrument based on the existence of the legs (Implied-out). Determination as to whether implied markets should be created is generally done at the level of the multi-leg instrument. Commonly used in listed derivatives.
Added in protocol FIX.5.0 (42)
See in: FIX.5.0SP1, FIX.5.0SP2.
Valid values
| Value | Description | Added |
|---|---|---|
| 0 | Not implied | FIX.5.0 (42) |
| 1 | Implied-in – The existence of a multi-leg instrument is implied by the legs of that instrument | FIX.5.0 (42) |
| 2 | Implied-out – The existence of the underlying legs are implied by the multi-leg instrument | FIX.5.0 (42) |
| 3 | Both Implied-in and Implied-out | FIX.5.0 (42) |