FIX Protocol Tag 423: PriceType
How a price is expressed, such as percentage of par, per unit, fixed amount, spread or yield.
- Tag number
- 423
- Data type
- INT
- FIX versions
- FIX 4.2 to 5.0 SP2
- Used in
- 41 message types
Tag 423 in each FIX version
Values and message usage as defined in a specific version.
Data type
INT: A whole number without a decimal point. It may be negative.
Valid values
25 enumerated values across all FIX versions.
| Value | Meaning | FIX versions |
|---|---|---|
| 1 | Percentage | All |
| 2 | Per unit | All |
| 3 | Fixed amount | All |
| 4 | Discount | 4.3, 4.4, 5.0, 5.0 SP1, 5.0 SP2 |
| 5 | Premium | 4.3, 4.4, 5.0, 5.0 SP1, 5.0 SP2 |
| 6 | Spread | 4.3, 4.4, 5.0, 5.0 SP1, 5.0 SP2 |
| 7 | Ted price | 4.3, 4.4, 5.0, 5.0 SP1, 5.0 SP2 |
| 8 | Ted yield | 4.3, 4.4, 5.0, 5.0 SP1, 5.0 SP2 |
| 9 | Yield | 4.4, 5.0, 5.0 SP1, 5.0 SP2 |
| 10 | Fixed cabinet trade price | 4.4, 5.0, 5.0 SP1, 5.0 SP2 |
| 11 | Variable cabinet trade price | 4.4, 5.0, 5.0 SP1, 5.0 SP2 |
| 12 | Price spread | 5.0 SP2 |
| 13 | Product ticks in halves | 5.0, 5.0 SP1, 5.0 SP2 |
| 14 | Product ticks in fourths | 5.0, 5.0 SP1, 5.0 SP2 |
| 15 | Product ticks in eighths | 5.0, 5.0 SP1, 5.0 SP2 |
| 16 | Product ticks in sixteenths | 5.0, 5.0 SP1, 5.0 SP2 |
| 17 | Product ticks in thirty seconds | 5.0, 5.0 SP1, 5.0 SP2 |
| 18 | Product ticks in sixty fourths | 5.0, 5.0 SP1, 5.0 SP2 |
| 19 | Product ticks in one twenty eighths | 5.0, 5.0 SP1, 5.0 SP2 |
| 20 | Normal rate representation | 5.0 SP2 |
| 21 | Inverse rate representation | 5.0 SP2 |
| 22 | Basis points | 5.0 SP2 |
| 23 | Upfront points | 5.0 SP2 |
| 24 | Interest rate | 5.0 SP2 |
| 25 | Percentage notional | 5.0 SP2 |
Example
423=1
Illustrative value. In a message, fields are separated by the SOH character (0x01), often shown as | or ^ in logs.
Decode a message with this tagMessage types that use tag 423
- IOI 35=6
- Execution Report 35=8
- New Order Single 35=D
- New Order List 35=E
- Order Cancel/Replace Request 35=G
- Allocation Instruction 35=J
- Quote Request 35=R
- Quote 35=S
- Market Data Snapshot Full Refresh 35=W
- Market Data Incremental Refresh 35=X
- Derivative Security List 35=AA
- New Order Multileg 35=AB
- Multileg Order Cancel/Replace 35=AC
- Trade Capture Report 35=AE
- Quote Request Reject 35=AG
- Quote Status Report 35=AI
- Quote Response 35=AJ
- Confirmation 35=AK
- Position Report 35=AP
- Trade Capture Report Ack 35=AR
- Allocation Report 35=AS
- Collateral Request 35=AX
- Collateral Assignment 35=AY
- Collateral Response 35=AZ
- Collateral Report 35=BA
- Collateral Inquiry 35=BB
- Security List Update Report 35=BK
- Allocation Instruction Alert 35=BM
- Execution Ack 35=BN
- Security Definition Update Report 35=BP
- Derivative Security List Update Report 35=BR
- Market Definition 35=BU
- Market Definition Update Report 35=BV
- Trade Match Report 35=DC
- Position Transfer Instruction 35=DL
- Position Transfer Report 35=DN
- Security Definition 35=d
- Bid Response 35=l
- New Order Cross 35=s
- Cross Order Cancel Replace Request 35=t
- Security List 35=y
Covers every version from FIX 4.0 to 5.0 SP2, including fields reached through components and repeating groups. The version pages above show whether the tag is required in each message.
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.