Type: char

Specifies which direction to round For CIV - indicates whether or not the quantity of shares/units is to be rounded and in which direction where CashOrderQty <152> or (for CIV only) OrderPercent <516> are specified on an order.

The default is for rounding to be at the discretion of the executing broker or fund manager.

E.g. for an order specifying CashOrderQty <152> or OrderPercent <516> if the calculated number of shares/units was 325.76 and RoundingModulus <469> was 10 - "round down" would give 320 units, "round up" would give 330 units and "round to nearest" would give 320 units.

Valid values:

  • 0 = Round to nearest
  • 1 = Round down
  • 2 = Round up

Used In