SecurityExchange (FIX tag 207)

ExchangeFIX 4.4FIX 4.2FIX 5.0 SP2

SecurityExchange (tag 207) is an Exchange field defined in FIX 4.4, FIX 4.2 and FIX 5.0 SP2. It appears in 59 message types, always optionally.

At a glance

Tag: 207
Name: SecurityExchange
Datatype: Exchange (String)
Dialects: FIX 4.4, FIX 4.2 and FIX 5.0 SP2
Messages: 59

What the specification says

FIX 4.4

Market used to help identify a security. Valid values: See "Appendix 6-C"

FIX 4.2

Market used to help identify a security.

FIX 5.0 SP2

Market used to help identify a security.

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

A real message using tag 207

NewOrderSingle · FIX 4.4

Tag	Field	Wire value	Meaning
8	BeginString	FIX.4.4
9	BodyLength	120
35	MsgType	D	Order – Single
49	SenderCompID	BOARTEAM
56	TargetCompID	COUNTERPARTY
34	MsgSeqNum	2
52	SendingTime	20240101-12:00:00.000
11	ClOrdID	ORD-10042
207	SecurityExchange	XNAS
54	Side	1	Buy
60	TransactTime	20240101-12:00:00.000
40	OrdType	1	Market
10	CheckSum	001

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 4.4 dictionary and verified at build time: it parses and validates with no issues. Open the decoder to try your own message.

Where tag 207 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	FIX 4.4	FIX 4.2	FIX 5.0 SP2	Where in the message
AdjustedPositionReport	BL	—	—	Optional	inside InstrmtGrp › Instrument
Advertisement	7	Optional	Optional	Optional	inside the Instrument component
AllocationInstruction	J	Optional	Optional	Optional	inside the Instrument component
AllocationInstructionAlert	BM	—	—	Optional	inside the Instrument component
AllocationReport	AS	Optional	—	Optional	inside the Instrument component
AssignmentReport	AW	Optional	—	Optional	inside the Instrument component
CollateralAssignment	AY	Optional	—	Optional	inside the Instrument component
CollateralInquiry	BB	Optional	—	Optional	inside the Instrument component
CollateralInquiryAck	BG	Optional	—	Optional	inside the Instrument component
CollateralReport	BA	Optional	—	Optional	inside the Instrument component
CollateralRequest	AX	Optional	—	Optional	inside the Instrument component
CollateralResponse	AZ	Optional	—	Optional	inside the Instrument component
Confirmation	AK	Optional	—	Optional	inside the Instrument component
ContraryIntentionReport	BO	—	—	Optional	inside the Instrument component
CrossOrderCancelReplaceRequest	t	Optional	—	Optional	inside the Instrument component
CrossOrderCancelRequest	u	Optional	—	Optional	inside the Instrument component
DerivativeSecurityList	AA	Optional	—	Optional	inside RelSymDerivSecGrp › Instrument
DerivativeSecurityListUpdateReport	BR	—	—	Optional	inside RelSymDerivSecUpdGrp › Instrument
DontKnowTrade	Q	Optional	Optional	Optional	inside the Instrument component
Email	C	Optional	Optional	Optional	inside InstrmtGrp › Instrument
ExecutionAcknowledgement	BN	—	—	Optional	inside the Instrument component
ExecutionReport	8	Optional	Optional	Optional	inside the Instrument component
IOI	6	Optional	Optional	Optional	inside the Instrument component
ListStrikePrice	m	Optional	Optional	Optional	inside InstrmtStrkPxGrp › Instrument
MarketDataIncrementalRefresh	X	Optional	Optional	Optional	inside MDIncGrp › Instrument
MarketDataRequest	V	Optional	Optional	Optional	inside InstrmtMDReqGrp › Instrument
MarketDataSnapshotFullRefresh	W	Optional	Optional	Optional	inside the Instrument component
MassQuote	i	Optional	Optional	Optional	inside QuotSetGrp › QuotEntryGrp › Instrument
MassQuoteAcknowledgement	b	Optional	Optional	Optional	inside QuotSetAckGrp › QuotEntryAckGrp › Instrument
MultilegOrderCancelReplace	AC	Optional	—	Optional	inside the Instrument component
NewOrderCross	s	Optional	—	Optional	inside the Instrument component
NewOrderList	E	Optional	Optional	Optional	inside ListOrdGrp › Instrument
NewOrderMultileg	AB	Optional	—	Optional	inside the Instrument component
NewOrderSingle	D	Optional	Optional	Optional	inside the Instrument component
News	B	Optional	Optional	Optional	inside InstrmtGrp › Instrument
OrderCancelReplaceRequest	G	Optional	Optional	Optional	inside the Instrument component
OrderCancelRequest	F	Optional	Optional	Optional	inside the Instrument component
OrderMassActionReport	BZ	—	—	Optional	inside the Instrument component
OrderMassActionRequest	CA	—	—	Optional	inside the Instrument component
OrderMassCancelReport	r	Optional	—	Optional	inside the Instrument component
OrderMassCancelRequest	q	Optional	—	Optional	inside the Instrument component
OrderMassStatusRequest	AF	Optional	—	Optional	inside the Instrument component
OrderStatusRequest	H	Optional	Optional	Optional	inside the Instrument component
PositionMaintenanceReport	AM	Optional	—	Optional	inside the Instrument component
PositionMaintenanceRequest	AL	Optional	—	Optional	inside the Instrument component
PositionReport	AP	Optional	—	Optional	inside the Instrument component
Quote	S	Optional	Optional	Optional	inside the Instrument component
QuoteCancel	Z	Optional	Optional	Optional	inside QuotCxlEntriesGrp › Instrument
QuoteRequest	R	Optional	Optional	Optional	inside QuotReqGrp › Instrument
QuoteRequestReject	AG	Optional	—	Optional	inside QuotReqRjctGrp › Instrument
QuoteResponse	AJ	Optional	—	Optional	inside the Instrument component
QuoteStatusReport	AI	Optional	—	Optional	inside the Instrument component
QuoteStatusRequest	a	Optional	Optional	Optional	inside the Instrument component
RFQRequest	AH	Optional	—	Optional	inside RFQReqGrp › Instrument
RequestForPositions	AN	Optional	—	Optional	inside the Instrument component
RequestForPositionsAck	AO	Optional	—	Optional	inside the Instrument component
SecurityDefinition	d	Optional	Optional	Optional	inside the Instrument component
SecurityDefinitionRequest	c	Optional	Optional	Optional	inside the Instrument component
SecurityDefinitionUpdateReport	BP	—	—	Optional	inside the Instrument component
SecurityList	y	Optional	—	Optional	inside SecListGrp › Instrument
SecurityListRequest	x	Optional	—	Optional	inside the Instrument component
SecurityListUpdateReport	BK	—	—	Optional	inside SecLstUpdRelSymGrp › Instrument
SecurityStatus	f	Optional	Optional	Optional	inside the Instrument component
SecurityStatusRequest	e	Optional	Optional	Optional	inside the Instrument component
SettlementObligationReport	BQ	—	—	Optional	inside SettlObligationInstructions › Instrument
StreamAssignmentReport	CD	—	—	Optional	inside StrmAsgnRptGrp › StrmAsgnRptInstrmtGrp › Instrument
StreamAssignmentRequest	CC	—	—	Optional	inside StrmAsgnReqGrp › StrmAsgnReqInstrmtGrp › Instrument
TradeCaptureReport	AE	Optional	—	Optional	inside the Instrument component
TradeCaptureReportAck	AR	Optional	—	Optional	inside the Instrument component
TradeCaptureReportRequest	AD	Optional	—	Optional	inside the Instrument component
TradeCaptureReportRequestAck	AQ	Optional	—	Optional	inside the Instrument component
TradingSessionList	BJ	—	—	Optional	inside the TrdSessLstGrp component
TradingSessionListRequest	BI	—	—	Optional	directly on the message body
TradingSessionListUpdateReport	BS	—	—	Optional	inside the TrdSessLstGrp component
TradingSessionStatus	h	—	—	Optional	inside the Instrument component
TradingSessionStatusRequest	g	—	—	Optional	directly on the message body

Wire format

A market identifier, in practice an ISO 10383 MIC. @boarteam/fix keeps the value as a string; format rules are checked by validate(), which reports validate/invalid-value rather than throwing.

Read tag 207 in TypeScript

decode.tsts

import { createFixEngine } from "@boarteam/fix";import { dictionary } from "@boarteam/fix-dict-fix44";const fix = createFixEngine(dictionary);const { message, issues } = fix.parse(raw);const field = message.fields[207];field?.name;   // "SecurityExchange"field?.raw;    // the verbatim wire stringfield?.value;  // coerced to a string

Other Exchange fields

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-fix44

Try the decoder Source on GitHub