Imported from previous forum
What is the convention to represent the Market to Limit order type if the agreed protocol between the buy/sell side is FIX 4.2?
Is it normal to custom (at the application level) to support Tag 40 (OrdType) = K?
Hello Daniel,
in the meanwhile it is even good practise and recommended to use tag values, tags or even complete
messages from newer FIX version to customize / extend an older one. This is much better than inventing
user defined fields or messages. Of course, the FIX engine you are using should support it. I remember
cases where FIX engines only allowed to add fields from the user defined range.
Having said that the answer is simple: please use 40=K (from FIX 4.3) in your FIX 4.2 if your engine
supports that.
Regards, Jörg
It’s great to hear your view. Thank you.
On a similar topic, what is your view on using tags intended for derivatives on equity flow
(http://www.fixtradingcommunity.org/pg/discussions/topicpost/1879135/)?