Field ImpliedMarketIndicator (1144) - FIX Protocol FIX.5.0SP1
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)
|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)|