Field DiscretionRoundDirection (844) - FIX Protocol FIX.4.4

Type: int

If the calculated discretionary price is not a valid tick price, specifies whether to round the price to be more or less aggressive

Added in protocol FIX.4.4

See in: FIX.5.0, FIX.5.0SP1, FIX.5.0SP2, FIX.5.0SP2 EP240.

Valid values

Value Description Added
1 More aggressive – on a buy order round the price up round up to the nearest tick, on a sell round down to the nearest tick FIX.4.4
2 More passive – on a buy order round down to nearest tick on a sell order round up to nearest tick FIX.4.4

Used in components