Quote (MsgType = S, FIXML = Quote)

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 FIXML Req'd Comments
<Standard Message Header> Y MsgType = S
131 QuoteReqID QuoteReqID N Required when quote is in response to a Quote Request (R) message
117 QuoteID QuoteID Y
55 Symbol Symbol Y
65 SymbolSfx SymbolSfx N
48 SecurityID SecurityID N
22 IDSource IDSource N
167 SecurityType 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.
200 MaturityMonthYear MonthYear C For Options or Futures to specify the month and year of maturity.
205 MaturityDay Day N For Options or Futures and can be used in conjunction with MaturityMonthYear (200) to specify a particular maturity date.
201 PutOrCall PutCall C For Options.
202 StrikePrice StrikePx C For Options.
206 OptAttribute OptAttribute N For Options.
207 SecurityExchange SecurityExch N Can be used to identify the security.
106 Issuer Issuer N
107 SecurityDesc SecurityDesc N
132 BidPx BidPx C 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.
133 OfferPx OfferPx C 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.
134 BidSize BidSize N
135 OfferSize OfferSize N
62 ValidUntilTime ValidUntilTime N
188 BidSpotRate BidSpotRate N May be applicable for F/X quotes
190 OfferSpotRate OfferSpotRate N May be applicable for F/X quotes
189 BidForwardPoints BidForwardPoints N May be applicable for F/X quotes
191 OfferForwardPoints OfferForwardPoints N May be applicable for F/X quotes
60 TransactTime TransactTime N
64 FutSettDate FutSettDate N Can be used with forex quotes to specify a specific "value date"
40 OrdType OrderType N Can be used to specify the type of order the quote is for
193 FutSettDate2 FutSettDate2 N Can be used with OrdType (40) = "Forex - Swap" to specify the "value date" for the future portion of a F/X swap.
192 OrderQty2 OrderQty2 N Can be used with OrdType (40) = "Forex - Swap" to specify the order quantity for the future portion of a F/X swap.
<Standard Message Trailer> Y