Type: String

The unit of measure of the underlying commodity upon which the contract is based. Two groups of units of measure enumerations are supported.
Fixed Magnitude UOMs are primarily used in energy derivatives and specify a magnitude (such as, MM, Kilo, M, etc.) and the dimension (such as, watt hours, BTU’s) to produce standard fixed measures (such as MWh – Megawatt-hours, MMBtu – One million BTUs).
The second group, Variable Quantity UOMs, specifies the dimension as a single unit without a magnitude (or more accurately a magnitude of one) and uses the UnitOfMeasureQty (1147) field to define the quantity of units per contract. Variable Quantity UOMs are used for both commodities (such as lbs of lean cattle, bushels of corn, ounces of gold) and financial futures.
Examples:
For lean cattle futures contracts, a UnitOfMeasure of ‘lbs’ with a UnitOfMeasureQty (1147) of 40,000, means each lean cattle futures contract represents 40,000 lbs of lean cattle.
For Eurodollars futures contracts, a UnitOfMeasure of Ccy with a UnitOfMeasureCurrency (1716) of USD and a UnitOfMeasureQty (1147) of 1,000,000, means a Eurodollar futures contract represents 1,000,000 USD.
For gold futures contracts, a UnitOfMeasure is oz_tr (Troy ounce) with a UnitOfMeasureQty (1147) of 1,000, means each gold futures contract represents 1,000 troy ounces of gold.

Added in protocol FIX.4.4 (5)

See in: FIX.5.0, FIX.5.0SP1, FIX.5.0SP2.

Valid values

Value Description Added
Alw Allowances FIX.5.0SP1 (89)
BDFT Board feet FIX.5.0SP2 (122)
Bbl Barrels FIX.4.4
Bcf Billion cubic feet FIX.4.4
Bu Bushels FIX.4.4
CBM Cubic Meters FIX.5.0SP2 (107)
CDD Cooling degree day FIX.5.0SP2 (169)
CER Certified emissions reduction FIX.5.0SP2 (107)
CPD Critical precipitation day FIX.5.0SP2 (169)
CRT Climate reserve tonnes FIX.5.0SP2 (114)
Ccy Amount of currency FIX.5.0SP2 (122)
EnvAllwnc Environmental allowance certificates FIX.5.0SP2 (169)
EnvCrd Environmental credit FIX.5.0SP2 (137)
EnvOfst Environmental Offset FIX.5.0SP2 (137)
GJ gigajoules FIX.5.0SP2 (152)
GT Gross tons FIX.5.0SP2 (154)
Gal Gallons FIX.4.4
HDD Heating degree day FIX.5.0SP2 (169)
IPNT Index point FIX.5.0SP2 (122)
L liters FIX.5.0SP2 (152)
MMBtu One Million BTU FIX.4.4
MMbbl Million Barrels FIX.4.4
MW-M Megawatt-Month FIX.5.0SP2 (137)
MW-a Megawatt-Year FIX.5.0SP2 (137)
MW-d Megawatt-Day FIX.5.0SP2 (137)
MW-h Megawatt-Hour FIX.5.0SP2 (137)
MW-min Megawatt-Minute FIX.5.0SP2 (137)
MWh Megawatt hours FIX.4.4
PRINC Principal with relation to debt instrument FIX.5.0SP2 (107)
USD US Dollars FIX.4.4
cwt Hundredweight(US) FIX.5.0SP2 (122)
day Days FIX.5.0SP2 (122)
dt Dry metric tons FIX.5.0SP2 (122)
g Grams FIX.5.0SP2 (122)
kL kiloliters FIX.5.0SP2 (152)
kW-M Kilowatt-Month FIX.5.0SP2 (137)
kW-a Kilowatt-Year FIX.5.0SP2 (137)
kW-d Kilowatt-Day FIX.5.0SP2 (137)
kW-h Kilowatt-Hour FIX.5.0SP2 (137)
kW-min Kilowatt-Minute (electrical capacity) FIX.5.0SP2 (137)
kWh Kilowatt hours FIX.5.0SP2 (137)
kg Kilograms FIX.5.0SP2 (154)
lbs pounds FIX.4.4
oz_tr Troy ounces FIX.4.4
t Metric tons FIX.4.4
thm therms FIX.5.0SP2 (152)
tn Tons (US) FIX.4.4

Used in components