Unsolicited quote(s) no response requested
Mass Quote <i> is sent from first party to second party. The quote has the QuoteResponseLevel <301> set to 0 or omitted. The second party does not acknowledge the quote. If the quote is later hit, resulting in a trade, an Execution Report is sent to the first party.
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Second Party |
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Mass Quote message <i>
Options:
One or more sets of quotes
Set QuoteResponseLevel is set to 0 or omitted
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Interprets quotes applies them to a market
Interprets Response Level – provides response accordingly
No response is sent |
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Execution Report <8>
Quote Results in Trade
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Unsolicited quote(s) negative response only requested
Mass Quote <i> is sent from first party to second party. The quote has the QuoteResponseLevel <301> set to 1. The second party only acknowledges the quote if there is an error. If an error is encountered by the second party while processing the quote a Quote Acknowledgement<b> message is sent with the QuoteRejectReason <300> set to the error encountered.
Unsolicited quote(s) full response requested
Mass Quote <i> is sent from first party to second party. The quote has the QuoteResponseLevel <301> set to 2. The second party acknowledges each quote.
Cancel All Quotes
The First Party asks the second party to cancel all quotes. A Quote Acknowledgement<b> is sent back to the first party by the second party after quotes are canceled.
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