FIX 4.0 : Quote <S> message

Structure | Related Messages

Description

The Quote <S> message is used as the response to a Quote Request <R> message and can be used to publish unsolicited quotes.

Quotes supplied as the result of a Quote Request <R> message are tagged with the appropriate QuoteReqID <131>, unsolicited quotes can be identified by the absence of a QuoteReqID <131>.

The symbol used for forex quotes is, in ISO codes, "currency1.currency2" (e.g. GBP.USD) and the quote will be returned as a rate expressed as currency1/currency2. BidPx <132> indicates the rate at which the broker is willing to buy currency1 and deliver currency2, OfferPx <133> indicates the rate at which the broker is willing to sell currency1 and receive currency2. Indicative rates are quoted in the BidPx <132> field and may contain a level in the BidSize <134> field.

Orders can be generated based on Quotes, quoted orders include the QuoteID <117> and are OrdType <40>=Quoted Order.

Structure

Tag Field Name Req'd Comments
<MessageHeader> Y MsgType <35> = S
131 QuoteReqID N

Required when quote is in response to a Quote Request <R> message

117 QuoteID Y
55 Symbol Y
65 SymbolSfx N
48 SecurityID N
22 IDSource N
106 Issuer N
107 SecurityDesc N
132 BidPx Y
133 OfferPx N
134 BidSize N
135 OfferSize N
62 ValidUntilTime N
<MessageTrailer> Y

 

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