QuoteType <537> field – FIX 4.3 – FIX Dictionary

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FIX 4.3 : QuoteType <537> field
Type: int

Used In

Description

Identifies the type of quote.

Valid values:

0 = Indicative

1 = Tradeable

2 = Restricted Tradeable

An indicative quote is used to inform a counterparty of a market. An indicative quote does not result directly in a trade.

A tradeable quote is submitted to a market and willresult directly in a trade against other orders and quotes in a market.

A restricted tradeable quote is submitted to a market and within a certain restriction (possibly based upon price or quantity) will automatically trade against orders. Order that do not comply with restrictions are sent to the quote issuer who can choose to accept or decline the order.