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title: PositionEffect <77> field – FIX 5.0 – FIX Dictionary – Onix Solutions
description: PositionEffect <77> field – FIX 5.0 – FIX Dictionary – Onix Solutions
---

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# PositionEffect <77> field – FIX 5.0 – FIX Dictionary

| Messages by MsgType \| Messages by Name \| Fields by Tag \| Fields by Name \| FIX 5.0 \| Home FIX 5.0 : PositionEffect <77> field Type: char Used In Description Indicates whether the resulting position after a trade should be an opening position or closing position. Used for omnibus accounting - where accounts are held on a gross basis instead of being netted together. Valid values: C = Close F = FIFO O = Open R = Rolled Used In <ListOrdGrp> <SideCrossOrdModGrp> <TrdCapRptAckSideGrp> <TrdCapRptSideGrp> ExecutionReport <8> NewOrderMultileg <AB> MultilegOrderCancelReplace <AC> AllocationReport <AS> AllocationInstructionAlert <BM> NewOrderSingle <D> OrderCancelReplaceRequest <G> AllocationInstruction <J> |
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