Message Quote Scenario base

SYNOPSIS: The Quote message is used as the response to a Quote Request or a Quote Response message in both indicative, tradeable, and restricted tradeable quoting markets.

ID MsgType Abbr Flow
27SQuot

Pedigree

Added EP Updated EP Deprecated EP
FIX.4.0

Responses

None

Members

Quote base members
ID Name Abbr Presence Description
1024StandardHeaderBaseHeaderrequiredSYNOPSIS: The standard FIX message header
ELABORATION:
131QuoteReqIDReqID optional SYNOPSIS: Unique identifier for a QuoteRequest(35=R).
117QuoteIDQID required SYNOPSIS: Unique identifier for quote
390BidIDBidID optional SYNOPSIS: For bid lists, unique identifier for BidResponse(35=I) as assigned by sell-side (broker, exchange, ECN). Uniqueness must be guaranteed within a single trading day. For quotes, unique identifier for the bid side of the quote assigned by the quote issuer.
1867OfferIDOfrID optional SYNOPSIS: Unique identifier for the ask side of the quote assigned by the quote issuer.
1751SecondaryQuoteIDQID2 optional SYNOPSIS: Assigned by the party which accepts the quote. Can be used to provide the quote identifier assigned by an exchange, marketplace or executing system.
1166QuoteMsgIDQtMsgID optional SYNOPSIS: Unique identifier for a quote message.
693QuoteRespIDRspID optional SYNOPSIS: Message reference for Quote Response
1080RefOrderIDRefOrdID optional SYNOPSIS: The ID reference to the order being hit or taken. For pre-trade credit/risk limit check process, this is the reference to the placed order, quote request or quote for the credit/risk limit check.
1081RefOrderIDSourceRefOrdIDSrc optional SYNOPSIS: Used to specify the source for the identifier in RefOrderID(1080). This can be an identifier provided in order depth market data when hitting (taking) a specific order or to identify what type of order or quote reference is being provided when seeking credit limit check. In the context of US CAT this can be used to identify related orders and quotes which are parent, previous, or manual orders or quotes. Previous relates to orders changing their unique system assigned order identifier.
537QuoteTypeTyp optional SYNOPSIS: Identifies the type of quote. 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 will result 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. A counter quote is used in the negotiation model. See Volume 7 - Product: Fixed Income for example usage.
2403QuoteModelTypeQModelTyp optional SYNOPSIS: Quote model type
1171PrivateQuotePrvtQt optional SYNOPSIS: Specifies whether a quote is public, i.e. available to the market, or private, i.e. available to a specified counterparty only.
2837SingleQuoteIndicatorSnglQteInd optional SYNOPSIS: Used to indicate whether the quoting system allows only one quote to be active at a time for the quote issuer or market maker.
2044QuotQualGrpQuotQualoptionalSYNOPSIS:
ELABORATION:
828TrdTypeTrdTyp optional SYNOPSIS: Type of trade assigned to a trade.
ELABORATION: Note: several enumerations of this field duplicate the enumerations in TradePriceConditions(1839) field. These may be deprecated from TrdType(828) in the future. TradePriceConditions(1839) is preferred in messages that support it.
2115NegotiationMethodNegottnMeth optional SYNOPSIS: Specifies the negotiation method to be used.
301QuoteResponseLevelRspLvl optional SYNOPSIS: Level of Response requested from receiver of quote messages. A default value should be bilaterally agreed.
2261QuoteAttributeGrpQteAttriboptionalSYNOPSIS: The QuoteAttributeGrp component provides additional attributes about the quote. Attributes included in this component are primarily "indicators" that may be associated with regulatory requirements and are typically not part of normal trading activities.
ELABORATION:
2211ValueChecksGrpValuChkoptionalSYNOPSIS: This component can be used by the message submitter to provide a list of value types to be checked by the counterparty or message recipient.
ELABORATION:
1012PartiesPtyoptionalSYNOPSIS: The Parties component block is used to identify and convey information on the entities both central and peripheral to the financial transaction represented by the FIX message containing the Parties Block. The Parties block allows many different types of entites to be expressed through use of the PartyRole field and identifies the source of the PartyID through the the PartyIDSource.
ELABORATION:
336TradingSessionIDSesID optional SYNOPSIS: Identifier for a trading session. A trading session spans an extended period of time that can also be expressed informally in terms of the trading day. Usage is determined by market or counterparties. To specify good for session where session spans more than one calendar day, use TimeInForce = 0 (Day) in conjunction with TradingSessionID(336). Bilaterally agreed values of data type "String" that start with a character can be used for backward compatibility.
625TradingSessionSubIDSesSub optional SYNOPSIS: Optional market assigned sub identifier for a trading phase within a trading session. Usage is determined by market or counterparties. Used by US based futures markets to identify exchange specific execution time bracket codes as required by US market regulations. Bilaterally agreed values of data type "String" that start with a character can be used for backward compatibility
1003InstrumentInstrmtrequiredSYNOPSIS: The Instrument component block contains all the fields commonly used to describe a security or instrument. Typically the data elements in this component block are considered the static data of a security, data that may be commonly found in a security master database. The Instrument component block can be used to describe any asset type supported by FIX.
ELABORATION:
1002FinancingDetailsFinDetlsoptionalSYNOPSIS: Component block is optionally used for financial transaction where legal contracts, master agreements or master confirmations is to be referenced. This component identifies the legal agreement under which the deal was made and other unique characteristics of the transaction. For example, the AgreementDesc(913) field refers to base standard documents such as MRA 1996 Repurchase Agreement, GMRA 2000 Bills Transaction (U.K.), MSLA 1993 Securities Loan – Amended 1998, for example.
ELABORATION:
2066UndInstrmtGrpUndlyoptionalSYNOPSIS:
ELABORATION:
54SideSide optional SYNOPSIS: Side of order (see Volume : "Glossary" for value definitions)
1011OrderQtyDataOrdQtyoptionalSYNOPSIS: The OrderQtyData component block contains the fields commonly used for indicating the amount or quantity of an order. Note that when this component block is marked as "required" in a message either one of these three fields must be used to identify the amount: OrderQty, CashOrderQty or OrderPercent (in the case of CIV).
ELABORATION:
63SettlTypeSettlTyp optional SYNOPSIS: Indicates order settlement period. If present, SettlDate (64) overrides this field. If both SettlType (63) and SettDate (64) are omitted, the default for SettlType (63) is 0 (Regular) Regular is defined as the default settlement period for the particular security on the exchange of execution. In Fixed Income the contents of this field may influence the instrument definition if the SecurityID (48) is ambiguous. In the US an active Treasury offering may be re-opened, and for a time one CUSIP will apply to both the current and "when-issued" securities. Supplying a value of "7" clarifies the instrument description; any other value or the absence of this field should cause the respondent to default to the active issue. Additionally the following patterns may be uses as well as enum values Dx = FX tenor expression for "days", e.g. "D5", where "x" is any integer > 0 Mx = FX tenor expression for "months", e.g. "M3", where "x" is any integer > 0 Wx = FX tenor expression for "weeks", e.g. "W13", where "x" is any integer > 0 Yx = FX tenor expression for "years", e.g. "Y1", where "x" is any integer > 0 Noted that for FX the tenors expressed using Dx, Mx, Wx, and Yx values do not denote business days, but calendar days.
64SettlDateSettlDt optional SYNOPSIS: Specific date of trade settlement (SettlementDate) in YYYYMMDD format. If present, this field overrides SettlType (63). This field is required if the value of SettlType (63) is 6 (Future) or 8 (Sellers Option). This field must be omitted if the value of SettlType (63) is 7 (When and If Issued) (expressed in local time at place of settlement)
193SettlDate2SettlDt2 optional SYNOPSIS: SettDate (64) of the future part of a F/X swap order.
192OrderQty2Qty2 optional SYNOPSIS: OrderQty (38) of the future part of a F/X swap order.
15CurrencyCcy optional SYNOPSIS: Identifies currency used for price. Absence of this field is interpreted as the default for the security. It is recommended that systems provide the currency value whenever possible. See "Appendix 6-A: Valid Currency Codes" for information on obtaining valid values.
120SettlCurrencySettlCcy optional SYNOPSIS: Currency code of settlement denomination.
1062RateSourceRtSrcoptionalSYNOPSIS:
ELABORATION:
1019StipulationsStipoptionalSYNOPSIS: The Stipulations component block is used in Fixed Income to provide additional information on a given security. These additional information are usually not considered static data information.
ELABORATION:
1AccountAcct optional SYNOPSIS: Account mnemonic as agreed between buy and sell sides, e.g. broker and institution or investor/intermediary and fund manager.
660AcctIDSourceAcctIDSrc optional SYNOPSIS: Used to identify the source of the Account (1) code. This is especially useful if the account is a new account that the Respondent may not have setup yet in their system.
581AccountTypeAcctTyp optional SYNOPSIS: Type of account associated with an order
522OwnerTypeOwnerTyp optional SYNOPSIS: Identifies the type of owner.
377SolicitedFlagSolFlag optional SYNOPSIS: Indicates whether or not the order was solicited.
2027LegQuotGrpQuotoptionalSYNOPSIS:
ELABORATION:
132BidPxBidPx optional SYNOPSIS: Bid price/rate
133OfferPxOfrPx optional SYNOPSIS: Offer price/rate
645MktBidPxMktBidPx optional SYNOPSIS: Used to indicate the best bid in a market
646MktOfferPxMktOfrPx optional SYNOPSIS: Used to indicate the best offer in a market
647MinBidSizeMinBidSz optional SYNOPSIS: Used to indicate a minimum quantity for a bid.
134BidSizeBidSz optional SYNOPSIS: Quantity of bid (Prior to FIX 4.2 this field was of type int)
1749TotalBidSizeTotBidSz optional SYNOPSIS: Specifies the total bid size.
648MinOfferSizeMinOfrSz optional SYNOPSIS: Used to indicate a minimum quantity for an offer. If this field is used the OfferSize (135) field is interpreted as the maximum offer size.
135OfferSizeOfrSz optional SYNOPSIS: Quantity of offer (Prior to FIX 4.2 this field was of type int)
1750TotalOfferSizeTotOfrSz optional SYNOPSIS: Specifies the total offer size.
110MinQtyMinQty optional SYNOPSIS: Minimum quantity of an order to be executed. (Prior to FIX 4.2 this field was of type int)
1629ExposureDurationExpsreDur optional SYNOPSIS: This is the time in seconds of a "Good for Time" (GFT) TimeInForce. Positive integer value which represents the time is seconds in which the new order remains active in the market before it is automatically cancelled (e.g. expired). Bi-lateral agreements will dictate the maximum value of this field. It is assumed that most systems will impose a max limit of 86,400 seconds (i.e. 24 hours). For Quotes: The period of time a quoted price is tradable(i.e. on-the-wire) before it becomes indicative (i.e. off-the-wire).
1916ExposureDurationUnitExpsreDurUnit optional SYNOPSIS: Time unit in which the ExposureDuration(1629) is expressed.
62ValidUntilTimeValidUntilTm optional SYNOPSIS: Indicates expiration time of indication message (always expressed in UTC (Universal Time Coordinated, also known as "GMT")
188BidSpotRateBidSpotRt optional SYNOPSIS: Bid F/X spot rate.
190OfferSpotRateOfrSpotRt optional SYNOPSIS: Offer F/X spot rate.
189BidForwardPointsBidFwdPnts optional SYNOPSIS: Bid F/X forward points added to spot rate. May be a negative value.
191OfferForwardPointsOfrFwdPnts optional SYNOPSIS: Offer F/X forward points added to spot rate. May be a negative value.
1065BidSwapPointsBidSwapPnts optional SYNOPSIS: The bid FX Swap points for an FX Swap. It is the "far bid forward points - near offer forward point". Value can be negative. Expressed in decimal form. For example, 61.99 points is expressed and sent as 0.006199
1066OfferSwapPointsOfrSwapPnts optional SYNOPSIS: The offer FX Swap points for an FX Swap. It is the "far offer forward points - near bid forward points". Value can be negative. Expressed in decimal form. For example, 61.99 points is expressed and sent as 0.006199
631MidPxMidPx optional SYNOPSIS: Mid price/rate. For OTC swaps this is the mid-market mark (for example, as defined by CFTC). For uncleared OTC swaps, LegMidPx(2346) and the MidPx(631) fields are mutually exclusive.
632BidYieldBidYld optional SYNOPSIS: Bid yield
633MidYieldMidYld optional SYNOPSIS: Mid yield
634OfferYieldOfrYld optional SYNOPSIS: Offer yield
60TransactTimeTxnTm optional SYNOPSIS: Timestamp when the business transaction represented by the message occurred.
1020TrdRegTimestampsTrdRegTSoptionalSYNOPSIS: The TrdRegTimestamps component block is used to express timestamps for an order or trade that are required by regulatory agencies These timesteamps are used to identify the timeframes for when an order or trade is received on the floor, received and executed by the broker, etc.
ELABORATION:
40OrdTypeOrdTyp optional SYNOPSIS: Order type. *** SOME VALUES ARE NO LONGER USED - See "Deprecated (Phased-out) Features and Supported Approach" *** (see Volume : "Glossary" for value definitions)
642BidForwardPoints2BidFwdPnts2 optional SYNOPSIS: Bid F/X forward points of the future portion of a F/X swap quote added to spot rate. May be a negative value.
643OfferForwardPoints2OfrFwdPnts2 optional SYNOPSIS: Offer F/X forward points of the future portion of a F/X swap quote added to spot rate. May be a negative value.
656SettlCurrBidFxRateSettlCurrBidFxRt optional SYNOPSIS: Foreign exchange rate used to compute the bid "SettlCurrAmt" (119) from Currency (15) to SettlCurrency (120)
657SettlCurrOfferFxRateSettlCurrOfrFxRt optional SYNOPSIS: Foreign exchange rate used to compute the offer "SettlCurrAmt" (119) from Currency (15) to SettlCurrency (120)
156SettlCurrFxRateCalcSettlCurrFxRtCalc optional SYNOPSIS: Specifies whether or not SettlCurrFxRate (155) should be multiplied or divided.
1000CommissionDataCommoptionalSYNOPSIS: The CommissionData component block is used to carry commission information such as the type of commission and the rate. Use the CommissionDataGrp component as an alternative if multiple commissions or enhanced attributes are needed.
ELABORATION: This component may be used to provide aggregated commission data of a given CommType(13) where the CommissionDataGrp maybe used to include the detail splits provided the commission is of the same commission basis type. For example, CommissionData may contain CommType(13) of 3 (Absolute) and a Commission(12) value of "15". CommissionDataGrp may be used to show how this Commission(12) value of "15" is split up as long as the CommissionBasis(2642) is also 3 (Absolute) for each of the instances added together. This method of aggregated commission data may also be applied to this component to provide a total when the instances of the detail splits in CommissionDataGrp contain leg level information (indicated by the usage of CommissionLegRefID(2649) in CommissionDataGrp). Note that it is only possible to aggregate values for a single commission basis type.
582CustOrderCapacityCustCpcty optional SYNOPSIS: Capacity of customer placing the order.
ELABORATION: Used by futures exchanges to indicate the CTICode (customer type indicator) as required by the US CFTC (Commodity Futures Trading Commission). May be used as required by other regulatory commissions for similar purposes.
100ExDestinationExDest optional SYNOPSIS: Execution destination as defined by institution when order is entered. Valid values: See "Appendix 6-C"
1133ExDestinationIDSourceExDestIDSrc optional SYNOPSIS: The ID source of ExDestination
775BookingTypeBkngTyp optional SYNOPSIS: Method for booking out this order. Used when notifying a broker that an order to be settled by that broker is to be booked out as an OTC derivative (e.g. CFD or similar).
528OrderCapacityCpcty optional SYNOPSIS: Designates the capacity of the firm placing the order. (as of FIX 4.3, this field replaced Rule80A (tag 47) --used in conjunction with OrderRestrictions (529) field) (see Volume : "Glossary" for value definitions)
529OrderRestrictionsRstctions optional SYNOPSIS: Restrictions associated with an order. If more than one restriction is applicable to an order, this field can contain multiple instructions separated by space.
1934RegulatoryReportTypeRegRptTyp optional SYNOPSIS: Type of regulatory report.
423PriceTypePxTyp optional SYNOPSIS: Code to represent the price type.
ELABORATION: For Financing transactions PriceType(423) implies the "repo type" - Fixed or Floating - 9 (Yield) or 6 (Spread) respectively - and Price(44) gives the corresponding "repo rate". See Volume 1 "Glossary" for further value definitions.
1074PriceQualifierGrpPxQualoptionalSYNOPSIS: The PriceQualifierGrp component clarifies the composition of the price when standard market practice for the security calls for a price that is atypical when traded in other markets, or when a price can be expressed in more than one way.
ELABORATION:
2533BidSpreadBidSpread optional SYNOPSIS: Basis points relative to a benchmark curve on the bid side, such as LIBOR, or a known security, such as 10Y US Treasury bond. The benchmark security or curve name is specified in the SpreadOrBenchmarkCurveData component.
2534OfferSpreadOfrSpread optional SYNOPSIS: Basis points relative to a benchmark curve on the offer side, such as LIBOR, or a known security, such as 10Y US Treasury bond. The benchmark security or curve name is specified in the SpreadOrBenchmarkCurveData component.
1018SpreadOrBenchmarkCurveDataSprdBnchmkCurveoptionalSYNOPSIS: The SpreadOrBenchmarkCurveData component block is primarily used for Fixed Income to convey spread to a benchmark security or curve.
ELABORATION:
2252RelativeValueGrpReltvValoptionalSYNOPSIS: The RelativeValueGrp component is used to convey relative valuation metrics or analytics for a given instrument.
ELABORATION: Relative valuation metrics or analytics are commonly provided by the trading party providing pricing as part of fixed income cash bonds or OTC derivatives indication or quoting activities.
1022YieldDataYieldoptionalSYNOPSIS: The YieldData component block conveys yield information for a given Fixed Income security.
ELABORATION:
2054RoutingGrpRtgoptionalSYNOPSIS: The RoutingGrp is used to allow the application message sender to instruct the intermediary distributing the message who to further send the application message to. The original sender may also instruct who is not allowed to receive the message. When provided, the routing instructions provided in this component are effective on a message by message basis.
ELABORATION:
1937TradeContinuationTrdContntn optional SYNOPSIS: Specifies the post-execution trade continuation or lifecycle event. Additional values may be used by mutual agreement of the counterparties.
2374TradeContinuationTextTrdContntnTxt optional SYNOPSIS: Free form text to specify additional trade continuation information or data.
2372EncodedTradeContinuationTextLenEncTrdContntnTextLen optional SYNOPSIS: Byte length of encoded (non-ASCII characters) EncodedTradeContinuationText(2371) field.
2371EncodedTradeContinuationTextEncTrdContntnText optional SYNOPSIS: Encoded (non-ASCII characters) representation of the TradeContinuationText(2374) field in the encoded format specified via the MessageEncoding(347) field. If used, the ASCII (English) representation should also be specified in the TradeContinuationText(2374) field.
2362SelfMatchPreventionIDSlfMtchPrvntnID optional SYNOPSIS: Identifies an order or trade that should not be matched to an opposite order or trade if both buy and sell orders for the same asset contain the same SelfMatchPreventionID(2362) and submitted by the same firm.
1685ThrottleInstThrttlInst optional SYNOPSIS: Describes action recipient should take if a throttle limit were exceeded.
376ComplianceIDComplianceID optional SYNOPSIS: ID used to represent this transaction for compliance purposes (e.g. OATS reporting).
2404ComplianceTextComplianceTxt optional SYNOPSIS: Free text for compliance information required for regulatory reporting.
2351EncodedComplianceTextLenEncComplianceTxtLen optional SYNOPSIS: Byte length of encoded (non-ASCII characters) EncodedComplianceText(2352) field.
2352EncodedComplianceTextEncComplianceTxt optional SYNOPSIS: Encoded (non-ASCII characters) representation of the ComplianceText(2404) field in the encoded format specified via the MessageEncoding (347) field. If used, the ASCII (English) representation should also be specified in the ComplianceText(2404) field.
58TextTxt optional SYNOPSIS: Free format text string (Note: this field does not have a specified maximum length)
354EncodedTextLenEncTxtLen optional SYNOPSIS: Byte length of encoded (non-ASCII characters) EncodedText (355) field.
355EncodedTextEncTxt optional SYNOPSIS: Encoded (non-ASCII characters) representation of the Text (58) field in the encoded format specified via the MessageEncoding (347) field. If used, the ASCII (English) representation should also be specified in the Text(58) field.
443StrikeTimeStrkTm optional SYNOPSIS: The time at which current market prices are used to determine the value of a basket. In negotiation workflows where a spread-to-benchmark price is negotiated, this is the pre-determined time at which the benchmark is to be spotted.
1025StandardTrailerTrlrrequiredSYNOPSIS: The standard FIX message trailer
ELABORATION: