Hi,
As a broker, we are working on an project related to the implementation of new algorithms on Equities.
We are using FIX 4.2 and 4.4 plugins to receive orders.
Could we use 20000 range for FIX tags to define name and parameters of those algos ?
Thansk and regards
@coocz the 20000-39999 range of tag numbers is not managed by FIX, i.e. you can use it as you like, keeping in mind that others may be using the same tag numbers for very different purposes.
In the interest of standardisation, I would like to make sure that you are aware of what FIX already has to offer for algos and their parameters. It is always recommended to look for standard fields first before using user-defined fields.
The StrategyParametersGrp was introduced many years ago as a generic group to capture any number of (algo) parameters. Very recently, this component has been used in a larger context of 8 new FIX messages for algo certification and testing. Please see FIX Latest EP292 and EP295 for details. You can also use https://fiximate.fixtrading.org/ to browse through these new messages.
Regards,
Hanno.
FIX Technical Director.