|
Structure |
Related Messages
Description
In some markets it is the practice to request quotes from brokers prior to placement of an order. The quote request message
is used for this purpose. This message is commonly referred to as an Request For Quote <S> (RFQ)
Quotes can be requested on specific securities, on specified stipulations when specific security is not known or forex rates.
The quote request message can be used to request quotes on single products or multiple products.
Securities quotes can be requested as either market quotes or for a specific quantity and side. If OrderQty <38> and Side <54> are absent, a market-style quote (bid x offer, size x size) will be returned.
In the tradeable and restricted tradeable quote models the Quote <S> Request may be preceded by the RFQ Request message described further below.
For tradeable quote requests it is possible to specify the time period in which the request is valid for and the time period
which the resulting quote must be valid for.
See VOLUME 7 - PRODUCT: FOREIGN EXCHANGE and USER GROUP: EXCHANGES AND MARKETS sections for detailed usage notes specific
to Foreign Exchange and exchanges/marketplaces respectively..
Structure
| Tag |
Field Name |
Req'd |
Comments |
|
Component Block - <StandardHeader> |
Y |
MsgType = R |
| 131 |
QuoteReqID |
Y |
|
| 644 |
RFQReqID |
N |
For tradeable quote model - used to indicate to which RFQ Request this Quote Request is in response. |
| 11 |
ClOrdID |
N |
Required only in two party models when QuoteType(537) = '1' (Tradeable) and the OrdType(40) = '2' (Limit). |
| 528 |
OrderCapacity |
N |
|
|
Component Block - <QuotReqGrp> |
Y |
Number of related symbols (instruments) in Request |
| 58 |
Text |
N |
|
| 354 |
EncodedTextLen |
N |
Must be set if EncodedText field is specified and must immediately precede it. |
| 355 |
EncodedText |
N |
Encoded (non-ASCII characters) representation of the Text field in the encoded format specified via the MessageEncoding field. |
|
Component Block - <RootParties> |
N |
Insert here the set of "Root Parties" fields defined in "common components of application messages" Used for acting parties
that applies to the whole message, not individual legs, sides, etc..
|
| 1171 |
PrivateQuote |
N |
Used to indicate whether a private negotiation is requested or if the response should be public. Only relevant in markets
supporting both Private and Public quotes. If field is not provided in message, the model used must be bilaterally agreed.
|
| 1172 |
RespondentType |
N |
|
| 1091 |
PreTradeAnonymity |
N |
|
|
Component Block - <StandardTrailer> |
Y |
|
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Related Messages
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