BenchmarkPrice (FIX tag 662)

PriceFIX 4.4FIX 5.0 SP2

BenchmarkPrice (tag 662) is a Price field defined in FIX 4.4 and FIX 5.0 SP2. It appears in 22 message types, always optionally.

At a glance

Tag: 662
Name: BenchmarkPrice
Datatype: Price (float)
Dialects: FIX 4.4 and FIX 5.0 SP2
Messages: 22

What the specification says

Specifies the price of the benchmark.

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

A real message using tag 662

NewOrderSingle · FIX 4.4

Tag	Field	Wire value	Meaning
8	BeginString	FIX.4.4
9	BodyLength	123
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
54	Side	1	Buy
60	TransactTime	20240101-12:00:00.000
40	OrdType	1	Market
662	BenchmarkPrice	1.09210
10	CheckSum	042

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 662 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 5.0 SP2	Where in the message
AllocationInstruction	J	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
AllocationInstructionAlert	BM	—	Optional	inside the SpreadOrBenchmarkCurveData component
AllocationReport	AS	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
CollateralAssignment	AY	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
CollateralInquiry	BB	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
CollateralReport	BA	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
CollateralRequest	AX	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
CollateralResponse	AZ	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
Confirmation	AK	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
CrossOrderCancelReplaceRequest	t	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
ExecutionReport	8	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
IOI	6	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
MarketDataIncrementalRefresh	X	—	Optional	inside MDIncGrp › SpreadOrBenchmarkCurveData
MarketDataSnapshotFullRefresh	W	—	Optional	inside MDFullGrp › SpreadOrBenchmarkCurveData
NewOrderCross	s	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
NewOrderList	E	Optional	Optional	inside ListOrdGrp › SpreadOrBenchmarkCurveData
NewOrderSingle	D	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
OrderCancelReplaceRequest	G	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
Quote	S	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
QuoteRequest	R	Optional	Optional	inside QuotReqGrp › SpreadOrBenchmarkCurveData
QuoteRequestReject	AG	Optional	Optional	inside QuotReqRjctGrp › SpreadOrBenchmarkCurveData
QuoteResponse	AJ	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
QuoteStatusReport	AI	Optional	Optional	inside the SpreadOrBenchmarkCurveData component
SecurityDefinition	d	—	Optional	inside the SpreadOrBenchmarkCurveData component
SecurityDefinitionRequest	c	—	Optional	inside the SpreadOrBenchmarkCurveData component
SecurityDefinitionUpdateReport	BP	—	Optional	inside the SpreadOrBenchmarkCurveData component
SecurityList	y	Optional	Optional	inside SecListGrp › SpreadOrBenchmarkCurveData
SecurityListUpdateReport	BK	—	Optional	inside SecLstUpdRelSymGrp › SpreadOrBenchmarkCurveData
TradeCaptureReport	AE	Optional	Optional	inside the SpreadOrBenchmarkCurveData component

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 662 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[662];field?.name;   // "BenchmarkPrice"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