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 |
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. |
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| 391 | ClientBidID | @ClBidID | N |
Unique identifier for a Bid Request as assigned by institution. Uniqueness must be guaranteed within a single trading day. |
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| <BidCompRspGrp> | Y |
Number of bid repeating groups |
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| <Standard Message Trailer> | Y | ||||||
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