Side/4 SellPlus
From FIXwiki
< Side
Side Value 4
| Value | Name | Field(tag) | First introduced |
|---|---|---|---|
| 4 | SellPlus | Side(54) | FIX.2.7 |
A round-lot market order to sell "plus" is an order to sell a stated amount of a stock provided that its price is:
- not lower than the last sale if the last sale was a "plus" or "zero plus" tick and
- not lower than the last sale minus the minimum fractional change in the stock if the last sale was a "minus" or "zero minus" tick.
A limit-price order to sell "plus" also states the lowest price at which it can be executed.
Notes
Error in FIX Specification:
In the Glossary (Spec volume 1) this value is incorrectly associated with the OrdType field.
