The presence of <DiscretionInstructions> component block on an order indicates that the trader wishes to display one price but will accept trades at another price.
Used in:
| Tag | Field Name | Req'd | Comments | ||
|---|---|---|---|---|---|
| 388 | DiscretionInst | N | What the discretionary price is related to (e.g. primary price, display price etc) |
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| 389 | DiscretionOffsetValue | N | "Amount (signed) added to the "related to" price specified via DiscretionInst, in the context of DiscretionOffsetType" |
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| 841 | DiscretionMoveType | N | Describes whether discretion price is static/fixed or floats |
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| 842 | DiscretionOffsetType | N | Type of Discretion Offset (e.g. price offset, tick offset etc) |
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| 843 | DiscretionLimitType | N | Specifies the nature of the resulting discretion price (e.g. or better limit, strict limit etc) |
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| 844 | DiscretionRoundDirection | N | If the calculated discretion price is not a valid tick price, specifies how to round the price (e.g. to be more or less aggressive) |
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| 846 | DiscretionScope | N | "The scope of "related to" price of the discretion (e.g. local, global etc)" |
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