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FIXtags

FIX TAG 680

LegBenchmarkPriceType

intAdded FIX.4.4

Definition

The price type of the LegBenchmarkPrice(679).

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

FIX 5.0 SP2 FIX Latest · EP309

Definition text changed

FIX 5.0 SP2

The price type of the LegBenchmarkPrice. See BenchmarkPriceType (663) for description and valid values.

FIX Latest · EP309

The price type of the LegBenchmarkPrice(679).

Values only in FIX Latest · EP309 25

  • 1Percentage (i.e. percent of par) (often called "dollar price" for fixed income)
  • 2Per unit (i.e. per share or contract)
  • 3Fixed amount (absolute value)
  • 4Discount - percentage points below par
  • 5Premium - percentage points over par
  • 6Spread (basis points spread)
    Additional source detail

    Usually the difference in yield between two switched bonds or a corporate bond traded spread-to-benchmark.

  • 7TED Price
  • 8TED Yield
  • 9Yield
  • 10Fixed cabinet trade price (primarily for listed futures and options)
  • 11Variable cabinet trade price (primarily for listed futures and options)
  • 12Price spread
    Additional source detail

    Price spread is expressed based on market convention for the asset being priced or traded. For example, the difference between the prices of a multileg switch or strategy expressed in basis points for a CDS or TBA roll; a price value to be added to a reference price, such as a "pay up" for specified pools

  • 13Product ticks in halves
  • 14Product ticks in fourths
  • 15Product ticks in eighths
  • 16Product ticks in sixteenths
  • 17Product ticks in thirty-seconds
  • 18Product ticks in sixty-fourths
  • 19Product ticks in one-twenty-eighths
  • 20Normal rate representation (e.g. FX rate)
  • 21Inverse rate representation (e.g. FX rate)
  • 22Basis points
    Additional source detail

    When the price is not spread based.

  • 23Up front points
    Additional source detail

    Used specifically for CDS pricing.

  • 24Interest rate
    Additional source detail

    When the price is an interest rate. For example, used with benchmark reference rate.

  • 25Percentage of notional

Values 25

ValueMeaning
1

Percentage (i.e. percent of par) (often called "dollar price" for fixed income)

2

Per unit (i.e. per share or contract)

3

Fixed amount (absolute value)

4

Discount - percentage points below par

5

Premium - percentage points over par

6

Spread (basis points spread)

Additional detail from the official source

Usually the difference in yield between two switched bonds or a corporate bond traded spread-to-benchmark.

7

TED Price

8

TED Yield

9

Yield

10

Fixed cabinet trade price (primarily for listed futures and options)

11

Variable cabinet trade price (primarily for listed futures and options)

12

Price spread

Additional detail from the official source

Price spread is expressed based on market convention for the asset being priced or traded. For example, the difference between the prices of a multileg switch or strategy expressed in basis points for a CDS or TBA roll; a price value to be added to a reference price, such as a "pay up" for specified pools

13

Product ticks in halves

14

Product ticks in fourths

15

Product ticks in eighths

16

Product ticks in sixteenths

17

Product ticks in thirty-seconds

18

Product ticks in sixty-fourths

19

Product ticks in one-twenty-eighths

20

Normal rate representation (e.g. FX rate)

21

Inverse rate representation (e.g. FX rate)

22

Basis points

Additional detail from the official source

When the price is not spread based.

23

Up front points

Additional detail from the official source

Used specifically for CDS pricing.

24

Interest rate

Additional detail from the official source

When the price is an interest rate. For example, used with benchmark reference rate.

25

Percentage of notional

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 6

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