fixparser/types/fieldtypes/MarketCondition.d.ts

FIX.Latest / 5.0 SP2 Parser / AI Agent Trading

/**
 * Market condition. In the context of ESMA RTS 8 it is important that trading venues communicate the condition of the market, particularly "stressed" and "exceptional", in order to provide incentives for firms contributing to liquidity.
 * - Tag: 2705
 * - FIX Specification type: int
 * - Mapped type: number
 * @readonly
 * @public
 */
export declare const MarketCondition: Readonly<{
    /** Normal
        The condition of the market in the absence of "stressed" or "exceptional" conditions. */
    readonly Normal: 0;
    /** Stressed
        In the context of ESMA RTS 8 Article 6: Trading venues shall set out the parameters to identify stressed market conditions in terms of significant short-term changes of price and volume. Trading venues shall consider the resumption of trading after volatility interruptions as stressed market conditions. */
    readonly Stressed: 1;
    /** Exceptional
        In the context of ESMA RTS 8 Article 3: Due to (a) a situation of extreme volatility; (b) war, industrial action, civil unrest or cyber sabotage; (c) disorderly trading conditions, e.g. due to technical issues; (d) unavailability of risk management facilities. */
    readonly Exceptional: 2;
}>;
export type MarketCondition = (typeof MarketCondition)[keyof typeof MarketCondition];