Mass Quote (S) Acknowledgement is used as the application level response to a Mass Quote (S) message. The Mass Quote (S) Acknowledgement contains a field for reporting the reason in the event that the entire quote is rejected (QuoteRejectReason[300]). The Mass Quote (S) Acknowledgement also contains a field for each quote that is used in the event that the quote entry is rejected (QuoteEntryRejectReason[368]). The ability to reject an individual quote entry is important so that the majority of quotes can be successfully applied to the market instead of having to reject the entire Mass Quote (S) for a minority of rejected quotes.
Derivative markets are characterized by high bandwidth consumption due to a change in an underlying security price causing multiple (often in the hundreds) of quotes to be recalculated and retransmitted to the market. For that reason the ability for market participants (and the market ) to be able to set the level of response requested to a Mass Quote (S) message is specified using the QuoteResponseLevel (301) field.
| Tag | Field Name | FIXML | Req'd | Comments | |||
|---|---|---|---|---|---|---|---|
| <Standard Message Header> | Y | MsgType = b | |||||
| 131 | QuoteReqID | @ReqID | N | Required when acknowledgment is in response to a Quote Request (R) message | |||
| 117 | QuoteID | @QID | N | Required when acknowledgment is in response to a Mass Quote, mass Quote Cancel or mass Quote Status Request message. Maps to: QuoteID (117) of a Mass Quote, QuoteMsgID (1166) of Quote Cancel, QuoteStatusReqID (649) of Quote Status Request | |||
| 297 | QuoteStatus | @Stat | Y | Status of the mass quote acknowledgement. | |||
| 300 | QuoteRejectReason | @RejRsn | N | Reason quote was rejected. | |||
| 301 | QuoteResponseLevel | @RspLvl | N | Level of Response requested from receiver of quote messages. Is echoed back to the counterparty. | |||
| 537 | QuoteType | @Typ | N | Type of Quote | |||
| 298 | QuoteCancelType | @CxlTyp | N | ||||
| <Parties> | N | Insert here the set of "Parties" (firm identification) fields defined in "Common Components of Application Messages". | |||||
| <TargetParties> | N | Should be populated if the Mass Quote Acknowledgement is acknowledging a mass quote cancellation by party. | |||||
| 1 | Account | @Acct | N | ||||
| 660 | AcctIDSource | @AcctIDSrc | N | ||||
| 581 | AccountType | @AcctTyp | N | Type of account associated with the order (Origin) | |||
| 58 | Text | @Txt | N | ||||
| 354 | EncodedTextLen | @EncTxtLen | C | ||||
| 355 | EncodedText | @EncTxt | C | ||||
| <QuotSetAckGrp> | N | The number of sets of quotes in the message | |||||
| <Standard Message Trailer> | Y | ||||||
© 2026.
EPAM Systems. All Rights Reserved.
All material contained within the website is copyright of EPAM Systems, Inc. No material contained herein can be copied or otherwise used without the express permission of the copyright holder.