FIX Protocol Message 35=BU: Market Definition
Market Definition (35=BU) is a FIX application message defined in FIX 5.0 SP1 to 5.0 SP2. In the FIX 5.0 SP1 definition it has 2 required body fields and 43 optional fields listed below.
- MsgType (tag 35)
- BU
- FIX name
- MarketDefinition
- Category
- Application
- FIX versions
- FIX 5.0 SP1 to 5.0 SP2
Market Definition in each FIX version
The full field layout as defined in a specific version.
Required fields
Body fields that every Market Definition message must carry in FIX 5.0 SP1, in addition to the standard header and trailer.
- 1394MarketReportID
- 1301MarketID
Field layout
All body fields in the order of the FIX 5.0 SP1 definition, with components and repeating groups indented. A field inside an optional component or group is required only when that component or group is present. Later FIX 5.0 service packs add more fields to this message.
| Tag | Field | Required |
|---|---|---|
| Component ApplicationSequenceControl | Optional | |
| 1180 | ApplID | Optional |
| 1181 | ApplSeqNum | Optional |
| 1350 | ApplLastSeqNum | Optional |
| 1352 | ApplResendFlag | Optional |
| 1394 | MarketReportID | Required |
| 1393 | MarketReqID | Optional |
| 1301 | MarketID | Required |
| 1300 | MarketSegmentID | Optional |
| 1396 | MarketSegmentDesc | Optional |
| 1397 | EncodedMktSegmDescLen | Optional |
| 1398 | EncodedMktSegmDesc | Optional |
| 1325 | ParentMktSegmID | Optional |
| 15 | Currency | Optional |
| Component BaseTradingRules | Optional | |
| Component TickRules | Optional | |
| 1205 | NoTickRules (repeating group) | Optional |
| 1206 | StartTickPriceRange | Optional |
| 1207 | EndTickPriceRange | Optional |
| 1208 | TickIncrement | Optional |
| 1209 | TickRuleType | Optional |
| Component LotTypeRules | Optional | |
| 1234 | NoLotTypeRules (repeating group) | Optional |
| 1093 | LotType | Optional |
| 1231 | MinLotSize | Optional |
| Component PriceLimits | Optional | |
| 1306 | PriceLimitType | Optional |
| 1148 | LowLimitPrice | Optional |
| 1149 | HighLimitPrice | Optional |
| 1150 | TradingReferencePrice | Optional |
| 827 | ExpirationCycle | Optional |
| 562 | MinTradeVol | Optional |
| 1140 | MaxTradeVol | Optional |
| 1143 | MaxPriceVariation | Optional |
| 1144 | ImpliedMarketIndicator | Optional |
| 1245 | TradingCurrency | Optional |
| 561 | RoundLot | Optional |
| 1377 | MultilegModel | Optional |
| 1378 | MultilegPriceMethod | Optional |
| 423 | PriceType | Optional |
| Component OrdTypeRules | Optional | |
| 1237 | NoOrdTypeRules (repeating group) | Optional |
| 40 | OrdType | Optional |
| Component TimeInForceRules | Optional | |
| 1239 | NoTimeInForceRules (repeating group) | Optional |
| 59 | TimeInForce | Optional |
| Component ExecInstRules | Optional | |
| 1232 | NoExecInstRules (repeating group) | Optional |
| 1308 | ExecInstValue | Optional |
| 60 | TransactTime | Optional |
| 58 | Text | Optional |
| 354 | EncodedTextLen | Optional |
| 355 | EncodedText | Optional |
Standard header and trailer
Every FIX message starts with the standard header, whose required fields are BeginString (8), BodyLength (9), MsgType (35), SenderCompID (49), TargetCompID (56), MsgSeqNum (34) and SendingTime (52), and ends with the trailer field CheckSum (10).
Decode a Market Definition messageAll FIX message types · All FIX tags
Field and message data comes from the QuickFIX data dictionaries for FIX 4.0 to 5.0 SP2 and FIXT 1.1, used under the QuickFIX Software License. This product includes software developed by quickfixengine.org (http://www.quickfixengine.org/). Enumerated value names are converted to plain text for reading.