Imported from previous forum
How I should encode bond par value? Instrument component does not have proper fields.
What about ContractMultiplier(231)?
When using FIX for fixed income, the quantity fields should generally be express as the par amount you want to transact, e.g. you want to buy $1,000,000 of a bond issue. This keeps things simpler. However, if you must transact in number of bonds, e.g. you want to buy 5 bonds of a bond issue, then you must specify ContractMultiplier which would specify the bond’s par value in order to do the calculation, e.g. $5000 par value, with the 5 bonds it would be $25,000 par amount in order to run the other calculations for NetMoney, GrossTradeAmt, AccruedInterestAmt, etc.
Buying $1000000 bonds is good for me. Due to other limitations (and for informational reason) I need to supply par value for single bond.
ContractMultiplier suits me well. I’ve missed it. Thank you very much.