DiscretionRoundDirection <844> field – FIX 5.0 SP1 – FIX Dictionary

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FIX 5.0 SP1 : DiscretionRoundDirection <844> field
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

Valid values:

1 = More aggressive - on a buy order round the price up to the nearest tick; on a sell round down to the nearest tick

2 = More passive - on a buy order round down to the nearest tick; on a sell order round up to the nearest tick

FIX 5.0 SP1 : DiscretionRoundDirection <844> field