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General Q/A
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Re: Time in Force value for Funari Order Type
Mahesh Kumaraguru <>
4 Mar 2010 3:29AM ET In FIX.4.2 and above
40(Order Type) = I(Funari - Limit Day Order with unexecuted portion handled as Market On Close. e.g. Japan)
is used. You can find all the information you need in the specs
http://fixprotocol.org/specifications/
I dont think there is a 1:1 mapping between Order Types and Time in Force because these are two independent dimensions in FIX -
Order Type defines the price aspect of the order
Time in Force defines the duration upto which an order remains active in the market
HTH
> Hi, I am new to FIX and was going through order types and time in
> force fields. What could be the time in force value for a FUNARI order
> type. Is it by default stays as DAY and on closing the order type
> becomes mkt on close and gets fulfilled or do we specify the time in
> force as 7 (at close).
>
> Also where could I find a mapping of different order types and their
> equivalent time in force fields (if applicable)
Re: Time in Force value for Funari Order Type
Mahesh Kumaraguru 4 Mar 2010 3:29AM ET
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