TradingCurrency (FIX tag 1245)

CurrencyFIX 5.0 SP2

TradingCurrency (tag 1245) is a Currency field defined in FIX 5.0 SP2. It appears in 8 message types, always optionally.

At a glance

Tag: 1245
Name: TradingCurrency
Datatype: Currency (String)
Dialects: FIX 5.0 SP2
Messages: 8

What the specification says

Used when the trading currency can differ from the price currency

Descriptions are quoted from the FIX Orchestra sources under the Apache 2.0 licence.

A real message using tag 1245

MarketDefinition · FIX 5.0 SP2

Tag	Field	Wire value	Meaning
8	BeginString	FIXT.1.1
9	BodyLength	96
35	MsgType	BU	MarketDefinition
49	SenderCompID	BOARTEAM
56	TargetCompID	COUNTERPARTY
34	MsgSeqNum	2
52	SendingTime	20240101-12:00:00.000
1394	MarketReportID	EXAMPLE
1301	MarketID	XNAS
1245	TradingCurrency	EUR
10	CheckSum	183

Edit and decode it yourself

Shown with | separators for readability. On the wire FIX uses SOH (0x01), an invisible control byte — and because BodyLength and CheckSum are computed over the actual bytes, the two forms have different checksums. Both are valid and both decode here.

Open in the full decoder →

Generated from the FIX 5.0 SP2 dictionary and verified at build time: it parses and validates with no issues. Open the decoder to try your own message.

Where tag 1245 appears

Requiredness is a property of the message, not of the field: the same tag can be optional in one message and conditionally required in another.

Message	MsgType	Requiredness	Where in the message
DerivativeSecurityList	AA	Optional	inside DerivativeSecurityDefinition › MarketSegmentGrp › SecurityTradingRules › BaseTradingRules
DerivativeSecurityListUpdateReport	BR	Optional	inside DerivativeSecurityDefinition › MarketSegmentGrp › SecurityTradingRules › BaseTradingRules
MarketDefinition	BU	Optional	inside the BaseTradingRules component
MarketDefinitionUpdateReport	BV	Optional	inside the BaseTradingRules component
SecurityDefinition	d	Optional	inside MarketSegmentGrp › SecurityTradingRules › BaseTradingRules
SecurityDefinitionUpdateReport	BP	Optional	inside MarketSegmentGrp › SecurityTradingRules › BaseTradingRules
SecurityList	y	Optional	inside SecListGrp › SecurityTradingRules › BaseTradingRules
SecurityListUpdateReport	BK	Optional	inside SecLstUpdRelSymGrp › SecurityTradingRules › BaseTradingRules

Wire format

A three-letter ISO 4217 code. @boarteam/fix keeps the value as a string; format rules are checked by validate(), which reports validate/invalid-value rather than throwing.

Read tag 1245 in TypeScript

decode.tsts

import { createFixEngine } from "@boarteam/fix";import { dictionary } from "@boarteam/fix-dict-fix50sp2";const fix = createFixEngine(dictionary);const { message, issues } = fix.parse(raw);const field = message.fields[1245];field?.name;   // "TradingCurrency"field?.raw;    // the verbatim wire stringfield?.value;  // coerced to a string

Decode this in your own code

The same engine that produced the decoded example above is an Apache-2.0 npm package with zero runtime dependencies. It runs in Node and in the browser, and parse() returns problems as data instead of throwing.

npm i @boarteam/fix @boarteam/fix-dict-fix50sp2

Try the decoder Source on GitHub