Tag 667 (ContractSettlMonth) specifies the settlement thirty day period of the futures or selections agreement in YYYYMM structure. It identifies the shipping and delivery cycle and supports accurate agreement mapping. ContractSettlMonth is used in derivatives investing which is important for correct pricing and clearing.
TradSesStartTime supports pre-industry things to do like buy entry and possibility checks. It truly is essential for time-sensitive investing procedures and worldwide coordination.
This area enhances transparency in RFQ workflows and enables purchasers to right problems. QuoteEntryRejectReason supports economical troubleshooting and enhances the reliability of automated quoting and response techniques in complicated trading environments.
Tag 614 (LegContractMultiplier) defines the multiplier applied to a futures or option leg, including one hundred shares for every deal. It decides the notional value and supports accurate P&L and margining.
This area is used in set cash flow and structured merchandise to assess richness or cheapness. OutsideIndexPct aids traders make informed conclusions according to index comparisons.
Tag 37 (OrderID) is a unique identifier assigned via the broker or exchange to an purchase upon receipt. It really is Employed in Execution Studies and replaces ClOrdID (Tag eleven) for tracking the purchase to the offer-aspect.
PrevClosePx supports complex Investigation, volatility assessment, and cost Restrict checks. It is actually essential for algorithms that Review present price ranges to prior closes for trading indicators.
It supports valuation and margin calculation. ValueOfFutures ensures suitable accounting for the futures leg and is particularly Employed in clearing and possibility devices to find out exposure.
It improves information sequencing accuracy and mitigates race disorders. Though optional, OrigTime enhances trustworthiness in order lifecycle management and supports strong trade Regulate.
As an example, IOC orders are partly loaded or canceled immediately. TimeInForce influences routing and algorithmic actions. It really is essential for defining get persistence and needs to be set correctly according to buying and selling goals.
Tag 178 was used for account number but is replaced. Modern programs use standardized account fields.
Tag 403 (LiquidityPctHigh) specifies the higher certain tag168 of a liquidity provider’s participation charge. It defines the utmost volume They might trade.
RegistRejReasonText is used in Registration Instructions and responses. It improves operational performance by lowering again-and-forth. While not parsed algorithmically, it is valuable for customer service and compliance groups. The sphere guarantees transparency in account onboarding and company action participation.
CashDistribAgentAcctName is used in corporate motion and distribution messages. It supports operational clarity, especially in environments with numerous accounts for different securities or currencies. Although not used for routing, it improves info high-quality and have confidence in in automated distribution programs.