Trailing orders with FIX 4.4

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Imported from previous forum

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Hello everybody,
I am looking for a way to send trailing orders with FIX 4.4. Is that possible? If so, which tags are inteded for this kind of order?

Thanks,
Harald

3

For a trailing stop order use 18 (ExecInst) = a (TrailStopPeg) and specify the stop price offset in tag 211 (PegOffsetValue) and specify the type of Peg Offset value in 836 (PegOffsetType)

Hello everybody,
I am looking for a way to send trailing orders with FIX 4.4. Is that possible? If so, which tags are inteded for this kind of order?

Thanks,
Harald

4

Just as an FYI when you move to FIX 5.0 or above. The ExecInst values for pegging have been deprecated in favor of 1094 PegPriceType (e.g. 8=Trailing Stop Peg) to keep everythiing together in the PegInstruction block. Unfortunately, FIXimate does not show this deperecation, only the spec does.

For a trailing stop order use 18 (ExecInst) = a (TrailStopPeg) and specify the stop price offset in tag 211 (PegOffsetValue) and specify the type of Peg Offset value in 836 (PegOffsetType)

Hello everybody,
I am looking for a way to send trailing orders with FIX 4.4. Is that possible? If so, which tags are inteded for this kind of order?

Thanks,
Harald

5

Many thanks to both of you!
If I had a choice, I would choose 5.0, but our online-brokers do not support this version. They don’t even fully support 4.4 but we are pushing them forward.

Greetings,
Harald

Just as an FYI when you move to FIX 5.0 or above. The ExecInst values for pegging have been deprecated in favor of 1094 PegPriceType (e.g. 8=Trailing Stop Peg) to keep everythiing together in the PegInstruction block. Unfortunately, FIXimate does not show this deperecation, only the spec does.

For a trailing stop order use 18 (ExecInst) = a (TrailStopPeg) and specify the stop price offset in tag 211 (PegOffsetValue) and specify the type of Peg Offset value in 836 (PegOffsetType)

Hello everybody,
I am looking for a way to send trailing orders with FIX 4.4. Is that possible? If so, which tags are inteded for this kind of order?

Thanks,
Harald