Field PositionEffect (77) - FIX Protocol FIX.5.0SP2 EP240

Type: char

Indicates whether the resulting position after a trade should be an opening position or closing position. Used for omnibus accounting - where accounts are held on a gross basis instead of being netted together.

Added in protocol FIX.2.7

See in: FIX.4.0, FIX.4.1, FIX.4.2, FIX.4.3, FIX.4.4, FIX.5.0, FIX.5.0SP1, FIX.5.0SP2.

Valid values

Value Description Added
C Close FIX.4.1
D Default FIX.5.0 (61)
N Close but notify on open FIX.5.0 (61)
O Open FIX.4.1
R Rolled FIX.4.3