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) =Previously Quoted or Forex - Previously Quoted.
| Tag | Field Name | Req'd | Comments | ||
|---|---|---|---|---|---|
| <Standard Message Header> | Y | MsgType = S |
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| 131 | QuoteReqID | N | Required when quote is in response to a Quote Request (R) message |
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| 117 | QuoteID | Y | |||
| 55 | Symbol | Y | |||
| 65 | SymbolSfx | N | |||
| 48 | SecurityID | N | |||
| 22 | IDSource | N | |||
| 167 | SecurityType | N | Must be specified if a Future or Option. If a Future: Symbol (55) , SecurityType (167) , and MaturityMonthYear (200) are required. If an Option: Symbol (55) , SecurityType (167) , MaturityMonthYear (200) , PutOrCall (201) ,
and StrikePrice (202) are required. |
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| 200 | MaturityMonthYear | C | For Options or Futures to specify the month and year of maturity. |
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| 205 | MaturityDay | N | For Options or Futures and can be used in conjunction with MaturityMonthYear (200) to specify a particular maturity date. |
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| 201 | PutOrCall | C | For Options. |
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| 202 | StrikePrice | C | For Options. |
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| 206 | OptAttribute | N | For Options. |
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| 207 | SecurityExchange | N | Can be used to identify the security. |
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| 106 | Issuer | N | |||
| 107 | SecurityDesc | N | |||
| 132 | BidPx | N | If F/X quote, should be the "all-in" rate (spot rate adjusted for forward points).
Note that either BidPx (132) , OfferPx (133) or both must be specified. |
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| 133 | OfferPx | N | If F/X quote, should be the "all-in" rate (spot rate adjusted for forward points).
Note that either BidPx (132) , OfferPx (133) or both must be specified. |
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| 134 | BidSize | N | |||
| 135 | OfferSize | N | |||
| 62 | ValidUntilTime | N | |||
| 188 | BidSpotRate | N | May be applicable for F/X quotes |
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| 190 | OfferSpotRate | N | May be applicable for F/X quotes |
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| 189 | BidForwardPoints | N | May be applicable for F/X quotes |
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| 191 | OfferForwardPoints | N | May be applicable for F/X quotes |
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| 60 | TransactTime | N | |||
| 64 | FutSettDate | N | Can be used with forex quotes to specify a specific "value date" |
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| 40 | OrdType | N | Can be used to specify the type of order the quote is for |
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| 193 | FutSettDate2 | N | Can be used with OrdType (40) = "Forex - Swap" to specify
the "value date" for the future portion of a F/X swap. |
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| 192 | OrderQty2 | N | Can be used with OrdType (40) = "Forex - Swap" to specify
the order quantity for the future portion of a F/X swap. |
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| <Standard Message Trailer> | Y | ||||