Imported from previous forum
I am writing an FIX application that uses iLink to connect to CME to place order.
I have a question on the price(44).
For example,
6EU4’s price is somewhat near 1.3121.
After I submit a NewOrderSingle request using price of $1.3, I get an error message "FIX field incorrect 'Illegal Price: '$1.3 contract ‘6EU4’ (ticks in 1, CAB of 0).
And later I discover from another message that the price is 10000x larger ('Order price is outside bands 'Ask of 1.00 violates Low Band 13119.00 using Delta .00, C. Last equals 13179.00).
I have no idea on this. Is there any documentation on this?