From FIXwiki

TrdType Value 11

Value	Name	Field(tag)	First introduced	Deprecated
11	ExchangeForRisk	TrdType(828)	FIX.4.4

EFR trades involve a futures contract and a spot commodity. The parties involved agree privately upon a price for a simultaneous exchange or transfer of "spot for futures" and then report the terms of this agreement to the clearing house.

[from EP84]

Notes

Error in FIX Specification:

The Glossary (FIX Spec Volume 1) incorrectly associates this value with the TradeCondition field.