TrdType/2 EFP
From FIXwiki
< TrdType
TrdType Value 2
| Value | Name | Field(tag) | First introduced | Deprecated |
|---|---|---|---|---|
| 2 | EFP | TrdType(828) | FIX.4.4 |
Exchange for Physical (EFP) trades involve a futures contract and a cash position. The parties involved agree privately upon a price for a simultaneous exchange or transfer "cash 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.
