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FIX TAG 2763

AveragePriceType

intAdded FIX.5.0SP2 · EP240

Definition

The average pricing model used for block trades.

Compare versions

Differences between the selected source snapshots, including wording and errata; not a migration guide.

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 4

ValueMeaning
0

Time weighted average price

Additional detail from the official source

TWAP is the simple average price of a security over a specified time without regard to the volume traded.

1

Volume weighted average price

Additional detail from the official source

VWAP is the sum of the currency amount traded for all trades in the averaging group (price times quantity) divided by the total quantity.

2

Percent of volume average price

Additional detail from the official source

POV is the sum of the currency amount traded for all trades executed as part of an order intended to purchase a specified percentage of the total volume of an instrument, divided by the total quantity.

3

Limit order average price

Additional detail from the official source

The limit order average price is the currency amount of all trades executed to fill a limit order, divided by the total quantity.

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 2

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