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FIXtags

FIX TAG 1839

TradePriceCondition

intAdded FIX.5.0SP2 · EP141

Definition

Price conditions in effect at the time of the trade. Multiple price conditions can be in effect at the same time. Price conditions are usually required to be reported in markets that have regulations on price execution at a market or national best bid or offer, and the trade price differs from the best bid or offer.

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FIX 5.0 SP2 FIX Latest · EP309

This tag is not present in the FIX 5.0 SP2 source. There is no definition or value list to compare.

Values 19

ValueMeaning
0

Special cum dividend (CD)

1

Special cum rights (CR)

2

Special ex dividend (XD)

3

Special ex rights (XR)

4

Special cum coupon (CC)

5

Special cum capital repayments (CP)

6

Special ex coupon (XC)

7

Special ex capital repayments (XP)

8

Cash settlement (CS)

9

Special cum bonus (CB)

10

Special price (SP)

Additional detail from the official source

Usually net or all-in price.

11

Special ex bonus (XB)

12

Guaranteed delivery (GD)

13

Special dividend

Additional detail from the official source

Deviation from regular ex/cum treatment (without further specification) leading to price modification. To be used only if it is not clear whether it is a special cum or special ex dividend. For ESMA RTS 1, this is the "SDIV" flag.

14

Price improvement

Additional detail from the official source

The price is better than a reference price. For example, this may be due to an offer by a systematic internaliser to always quote better prices than a public reference price. For ESMA RTS 1, this is the "RPRI" flag.

15

Non-price forming trade

Additional detail from the official source

In the context of MiFID II, these are transactions which are exempted from the trading obligation (i.e. permitted to be transacted as an OTC transaction) and are deemed not to be contributing to the price discovery process. However, these transactions are not exempted from post trade transparency reporting and are required to be published by MiFID venues and "approved publication arrangement" (APAs) for market transparency purposes. The price from exempted transactions should be disregarded for the purposes of price discovery. For ESMA RTS 1 and RTS 2, this is the "NPFT" flag.

16

Trade exempted from trading obligation

Additional detail from the official source

Per MiFIR Article 23, these types of trades are not exempted from post-trade transparency if reported to a trading venue under MiFID II and deemed on exchange, however, they are ignored for price formation despite published by venue. For the UK implementation of MiFIR RTS 1, this is the "TNCP" flag.

17

Price or strike price is pending

Additional detail from the official source

In the context of MiFIR RTS 1, RTS 2, and RTS 22, this is the "PNDG" flag.

18

Price is not applicable

Additional detail from the official source

In the context of MiFIR RTS 1, RTS 2, and RTS 22, this is the "NOAP" flag.

About the int data type

Sequence of digits without commas or decimals and optional sign character (ASCII characters "-" and "0" - "9" ). The sign character utilizes one byte (i.e. positive int is "99999" while negative int is "-99999"). Note that int values may contain leading zeros (e.g. "00023" = "23").

Used in messages 8

Includes nested components and repeating groups. Open a location to see its surrounding requirements.