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Foreign Exchange
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Re: Forex: Value in currency (tag15)
Natan Kugel / eSpeed
20 Sep 2007 12:59PM ET > > > What would be the value in tag 15 for EUR/USD? Would it be primary
> > > currency (EUR) or secondary (USD)? Perhaps there is a better way /
> > > tag that is applicable?
> > e.g.Order (A) Buy 2M EUR/USD @ 1.37, what is the value in Tag 15?
> > Prder
> > (B) Sell 3M EUR/USD @ 1.37, what is the value in Tag 15?
>
> 15= is the dealt currency i.e. for 55=EUR/USD, 15=EUR then 54=1 means
> buying EUR (selling USD) and if 15=USD it means buying USD (selling
> EUR). For further information, please see the Foreign Exchange
> Ehancements section of the FIX5.0 spec.
Thank you!
Please confirm the understanding for the following samples:
55=EUR/USD|54=1|15=EUR - buy EUR, sell USD; the same as 55=USD/EUR|54=1|15=EUR
55=EUR/USD|54=2|15=EUR - sell EUR, buy USD; the same as
55=USD/EUR|54=2|15=EUR
55=EUR/USD|54=2|15=USD - sell USD, buy EUR; the same as
55=USD/EUR|54=2|15=USD
55=EUR/USD|54=1|15=USD - buy USD, sell EUR; the same as
55=USD/EUR|54=1|15=USD
Please clarify.
Re: Forex: Value in currency (tag15)
Natan Kugel / eSpeed 20 Sep 2007 12:59PM ET
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