Imported from previous forum
The Italian routing circuit I work at is FIX 4.0 based, at the moment.
The problem is: is there a FIX-standard way to populate tag no. 12 <Commission> in case of tag no. 13 <CommType> equal to 2?
I mean, does Commission have to be populated with a value per cent (0.1 %, for example), or with the factor itself used for multiplying it with the transaction value (0.001, in the same example), or with anything else?
Is it possible to have an example?
The representation of a percentage value should be its numeric base (a value which can be multiplied).
Commission of 0.1% should be represented as 12=.001
This was clarified in FIX 4.1 Errata 19990630 (specifically on the field definition of Commission in the Field Definitions section).
> The Italian routing circuit I work at is FIX 4.0 based, at the moment.
> The problem is: is there a FIX-standard way to populate tag no. 12 <Commission> in case of tag no. 13 <CommType> equal to 2?
> I mean, does Commission have to be populated with a value per cent (0.1 %, for example), or with the factor itself used for multiplying it with the transaction value (0.001, in the same example), or with anything else?
> Is it possible to have an example?
>