Field TargetStrategy (847) - FIX Protocol FIX.5.0SP2 EP240

Type: int

The target strategy of the order 1000+ = Reserved and available for bi-laterally agreed upon user defined values

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 VWAP FIX.4.4
2 Participate (i.e. aim to be x percent of the market volume) FIX.4.4
3 Mininize market impact FIX.4.4