FIX keywords and intro

tag=value, where tag is always a number, and value is often char(1) — Both need the dictionary for interpretation.

Whenever there’s an enum of possible values, FIX would encode them into very short codes (often char(1) ). As a result, encoding/decoding using dictionary is prevalent.

http://www.ksvali.com/fix-protocol-faqs/#2.1

http://www.ksvali.com/2009/02/fix-protocol-videos-on-youtube-finally/

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