FeeBasis
This field describes the basis on which fees are calculated for Orders and Trades.
Values
| Key | Value | Description |
|---|
| NotSet | 0 | A special value used when setting up an InstrumentMarket. See the document Fees for more details. |
| Percent | 1 | Fees are calculated on a percentage basis of the value of each Order or Trade. For example, a fee of 0.2% for an Order with Value $1,000 would have a fee of $2.00. |
| PerUnit | 2 | Fees are calculated as a fixed amount per unit quantity of each Order or Trade. For example, a fee of $0.50 per unit for an Order with Quantity 100 would have a fee of $50.00. |
| Fixed | 3 | This fee type is used for CCMX transactions. The fee is expressed as a fixed amount per top-level Account in an Account hierarchy (which is from one to three levels deep). The fixed fee amount is applied pro-rata (by Quantity) across the Orders (or Trades) for all the Accounts within the hierarchy. With this fee basis, every time an Account has a new Order (or Trade), the fees for all the Orders (or Trades) belonging to all Accounts that share the same parent Account must be recalculated since the fixed fee amount must be distributed pro-rata. |
| NoFee | 99 | No fees are applicable. |
Referenced by
Tables