AvgPx (FIX tag 6)

PriceFIX 4.4FIX 4.2

AvgPx (tag 6) is a Price field defined in FIX 4.4 and FIX 4.2. It appears in 6 message types and is required in 5 of them.

At a glance

Tag: 6
Name: AvgPx
Datatype: Price (float)
Dialects: FIX 4.4 and FIX 4.2
Messages: 6

What the specification says

FIX 4.4

Calculated average price of all fills on this order. For Fixed Income trades AvgPx is always expressed as percent-of-par, regardless of the PriceType (423) of LastPx (3). I.e., AvgPx will contain an average of percent-of-par values (see LastParPx (669)) for issues traded in Yield, Spread or Discount.

FIX 4.2

Calculated average price of all fills on this order.

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

A real message using tag 6

ExecutionReport · FIX 4.4

Tag	Field	Wire value	Meaning
8	BeginString	FIX.4.4
9	BodyLength	133
35	MsgType	8	Execution Report
49	SenderCompID	BOARTEAM
56	TargetCompID	COUNTERPARTY
34	MsgSeqNum	2
52	SendingTime	20240101-12:00:00.000
37	OrderID	ORD-10042
17	ExecID	EXEC-88117
150	ExecType	0	New
39	OrdStatus	0	New
54	Side	1	Buy
151	LeavesQty	0
14	CumQty	1000000
6	AvgPx	1.09215
10	CheckSum	025

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 6 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	Where in the message
AllocationInstruction	J	Required	Required	directly on the message body
AllocationReport	AS	Required	—	directly on the message body
Confirmation	AK	Required	—	directly on the message body
ExecutionReport	8	Required	Required	directly on the message body
ListStatus	N	Required	Required	inside the OrdListStatGrp component
TradeCaptureReport	AE	Optional	—	directly on the message body

Wire format

A decimal price. Precision is a venue convention, not a protocol rule, so compare the raw string when exactness matters. @boarteam/fix parses the value as a number and reports parse/invalid-float when it does not lex as one; the raw string is kept so precision and trailing zeros are never lost.

Read tag 6 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[6];field?.name;   // "AvgPx"field?.raw;    // the verbatim wire stringfield?.value;  // coerced to a number

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