American / European Option Style

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1

Imported from previous forum

2

Hi,

What is the standard method of describing the Option Style of a particular Option in FIX.4.2? Specifically, I am looking to represent American and European Option Styles. I have seen the definition of Tag 206 (Option Attribute), but want to confirm if this really is the only solution.

Kind Regards,

Prateek

3

FIX 5.0 SP1 offers tag 1194 ExerciseStyle for that.
FIX 4.3 offers tag 461 CFICode which allows to convey the same information in the third character.

You asked about FIX 4.2 which does not have either field. The best alternative to using tag 206 is to allow a field from a higher version but it depends on your implementation. It would avoid changes when you move to a higher FIX version.

If you look at tag 206 in version FIX 4.4 or higher, you can see that the list of valid values has been removed. It is still present for FIX 4.2 so tag 206 is certainly a valid option there.

Hi,

What is the standard method of describing the Option Style of a
particular Option in FIX.4.2? Specifically, I am looking to represent
American and European Option Styles. I have seen the definition of
Tag 206 (Option Attribute), but want to confirm if this really is the
only solution.

Kind Regards,

Prateek

4

Prateek,
In FIX4.2 you can use Tag#206 - Option attribute and Tag#201 -PutorCall.

Amiya.

FIX 5.0 SP1 offers tag 1194 ExerciseStyle for that. FIX 4.3 offers tag
461 CFICode which allows to convey the same information in the third
character.

You asked about FIX 4.2 which does not have either field. The best
alternative to using tag 206 is to allow a field from a higher version
but it depends on your implementation. It would avoid changes when you
move to a higher FIX version.

If you look at tag 206 in version FIX 4.4 or higher, you can see that
the list of valid values has been removed. It is still present for FIX
4.2 so tag 206 is certainly a valid option there.

Hi,

What is the standard method of describing the Option Style of a
particular Option in FIX.4.2? Specifically, I am looking to represent
American and European Option Styles. I have seen the definition of Tag
206 (Option Attribute), but want to confirm if this really is the only
solution.

Kind Regards,

Prateek