PegRoundDirection <838> field – FIX 5.0 – FIX Dictionary

Messages by MsgType \| Messages by Name \| Fields by Tag \| Fields by Name \| FIX 5.0 \| Home
FIX 5.0 : PegRoundDirection <838> field
Type: int

If the calculated peg 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 order 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 : PegRoundDirection <838> field