Side/4 SellPlus

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Side Value 4

Value Name Field(tag) First introduced Deprecated
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.

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