Imported from previous forum
We want to communicate minimum and maximum allowable order quantities for our products using SecurityList (y). We have defined some products (specific SecurityID [48]s) as block trading products as we will run a central order book just for blocks. We intend to use MinTradeVol [562] and MaxTradeVol [1140] to accomplish this. However, the tag definition for MaxTradeVol [1140] suggests that it should be used to indicate the smallest size for block trades, hence our confusion.
Can we just use MinTradeVol [562] and MaxTradeVol [1140] for our block products such that MinTradeVol [562] might be set to 25 and MaxTradeVol [1140]set to 99,999.
We do plan to put these into a FIX 4.4 instrument block even though MaxTradeVol [1140] is FIX 5.0 EP42 tag.
Thanks for any feedback provided.
Tom