Tag for identifying cover

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1

Imported from previous forum

2

I want a tag to identify whether a transaction was to open a new position or close an existing position. I came across tag 77 (openclose) but found that it is restricted to be used for options.

Now the questions:
Is there a tag for open/close indeciator for equities?

Why is tag 77 restricted to options?

Thankyou

Thomas

3

That field, OpenClose (77), was renamed to PositionType (77) in FIX 4.3 and the "for options" designation was also removed. Tag 77 is the one you want to use for this.

> I want a tag to identify whether a transaction was to open a new position or close an existing position. I came across tag 77 (openclose) but found that it is restricted to be used for options.
>
> Now the questions:
> Is there a tag for open/close indeciator for equities?
>
> Why is tag 77 restricted to options?
>
> Thankyou
>
> Thomas
>

4

Great. :slight_smile:
Thank you very much.

> That field, OpenClose (77), was renamed to PositionType (77) in FIX 4.3 and the "for options" designation was also removed. Tag 77 is the one you want to use for this.
>
> > I want a tag to identify whether a transaction was to open a new position or close an existing position. I came across tag 77 (openclose) but found that it is restricted to be used for options.
> >
> > Now the questions:
> > Is there a tag for open/close indeciator for equities?
> >
> > Why is tag 77 restricted to options?
> >
> > Thankyou
> >
> > Thomas
> >
>