The Bid Response (l) message can be used in one of two ways depending on which market conventions are being followed.
In the Non disclosed convention the Bid Response (l) message can be used to supply a bid based on the sector, country, index and liquidity information contained within the corresponding bid request message. See "Program/Basket/List Trading" for an example.
In the Disclosed convention the Bid Response (l) message can be used to supply bids based on the List Order Detail messages sent in advance of the corresponding Bid Request (k) message.
| Tag | Field Name | FIXML | Req'd | Comments | |||
|---|---|---|---|---|---|---|---|
| <Standard Message Header> | Y | MsgType = l | |||||
| 390 | BidID | @BidID | N | ||||
| 391 | ClientBidID | @ClBidID | N | ||||
| 420 | NoBidComponents | CompRsp | Y | Number of bid repeating groups | |||
| => | <CommissionData> | Y | Insert here the set of "CommissionData" fields defined in "Common Components of Application Messages". First element of price. Required if NoBidComponents (420) > 0. | ||||
| => | 66 | ListID | @ListID | N | |||
| => | 421 | Country | @Ctry | N | ISO Country Code | ||
| => | 54 | Side | @Side | N | When used in response to a "Disclosed" request indicates whether SideValue1 (396) is Buy or Sell. SideValue2 (397) can be derived by inference. | ||
| => | 44 | Price | @Px | N | Second element of price | ||
| => | 423 | PriceType | @PxTyp | N | |||
| => | 406 | FairValue | @FairValu | N | The difference between the value of a future and the value of the underlying equities after allowing for the discounted cash flows associated with the underlying stocks (E.g. Dividends etc). | ||
| => | 430 | NetGrossInd | @NetGrossInd | N | Net/Gross | ||
| => | 63 | SettlType | @SettlTyp | N | |||
| => | 64 | SettlDate | @SettlDt | C | Takes precedence over SettlType (63) value and conditionally required/omitted for specific SettlType (63) values. | ||
| => | 336 | TradingSessionID | @SesID | N | |||
| => | 625 | TradingSessionSubID | @SesSub | N | |||
| => | 58 | Text | @Txt | N | |||
| => | 354 | EncodedTextLen | @EncTxtLen | C | Must be set if EncodedText (355) field is specified and must immediately precede it. | ||
| => | 355 | EncodedText | @EncTxt | C | Encoded (non-ASCII characters) representation of the Text (58) field in the encoded format specified via the MessageEncoding (347) field. | ||
| <Standard Message Trailer> | Y | ||||||
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