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OrderPercent <516> field – FIX 4.3 – FIX Dictionary

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FIX 4.3 : OrderPercent <516> field

Type: Percentage

Used In

Description

For CIV specifies the approximate order quantity desired. For a CIV Sale it specifies percentage of investor's total holding to be sold. For a CIV switch/exchange it specifies percentage of investor's cash realised from sales to be re-invested. The executing broker, intermediary or fund manager is responsible for converting and calculating OrderQty <38> in shares/units for subsequent messages.

Used In
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