Description
The presence of DiscretionInstructions component block on an order indicates that the trader wishes to display one price but will accept trades at another price.
Structure
| Tag | Field Name | Req'd | Comments | |
|---|---|---|---|---|
| 388 | DiscretionInst | N | What the discretionary price is related to (e.g. primary price, display price etc) | |
| 389 | DiscretionOffsetValue | N | Amount (signed) added to the "related to" price specified via DiscretionInst, in the context of DiscretionOffsetType | |
| 841 | DiscretionMoveType | N | Describes whether discretion price is static/fixed or floats | |
| 842 | DiscretionOffsetType | N | Type of Discretion Offset (e.g. price offset, tick offset etc) | |
| 843 | DiscretionLimitType | N | Specifies the nature of the resulting discretion price (e.g. or better limit, strict limit etc) | |
| 844 | DiscretionRoundDirection | N | If the calculated discretion price is not a valid tick price, specifies how to round the price (e.g. to be more or less aggressive) | |
| 846 | DiscretionScope | N | The scope of "related to" price of the discretion (e.g. local, global etc) | |