Field DiscretionRoundDirection (844) - FIX Protocol FIX.5.0SP2 EP240

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.4.4, FIX.5.0, FIX.5.0SP1, FIX.5.0SP2.

Valid values

Value Description Added
1 More aggressive - on a buy order round the price 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 the nearest tick; on a sell order round up to the nearest tick FIX.4.4

Used in components