[This message was posted by Bernt Sanden of Cinnober Financial Technology 
<[email protected]> to the "General Q/A" discussion forum at 
http://fixprotocol.org/discuss/22. You can reply to it on-line at 
http://fixprotocol.org/discuss/read/61f7f880 - PLEASE DO NOT REPLY BY MAIL.]

Hi Jim,

Yes, the price depth represents an aggregate for each price tier, whilst the 
order depth is non aggregated.  

/Bernt

> What is the difference between a MDBookType of 2=Price Depth and 3=Order 
> Depth?
> Is the difference a Price Depth book is aggregated and the order depth is not 
> aggregated?
> How does MDBookType[1021] relate to the AggregatedBook[266] field specified 
> on the MarketDataRequest[MsgType=V]?
> 
> If I specify AggregatedBook[266]=Y does that mean the MarketData[W,X] 
> messages sent in response are MDBookType[1021]=2 (Price Depth)?
> 
> If I specify AggregatedBook[266]=N does that mean the MarketData[W,X] 
> messages sent in response are MDBookType[1021]=3 (Order Depth)?
> 
> Refresher:
> MDBookType[1021] - Describes the type of book for which the feed is intended. 
> Used when multiple feeds are provided over the same connection
> 1=Top of Book; 2=Price Depth; 3=Order Depth
> http://fixprotocol.org/FIXimate3.0/en/FIX.5.0SP2/tag1021.html
> 
> AggregatedBook[266]=Specifies whether or not book entries should be 
> aggregated. (Not specified) = broker option Y=book entries to be aggregated 
> N=book entries should not be aggregated
> http://fixprotocol.org/FIXimate3.0/en/FIX.5.0SP2/tag266.html
> 


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