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FIXtags

FIX TAG 537

QuoteType

intAdded FIX.4.3

Definition

Identifies the type of quote.

An indicative quote is used to inform a counterparty of a market. An indicative quote does not result directly in a trade.

A tradeable quote is submitted to a market and will result directly in a trade against other orders and quotes in a market.

A restricted tradeable quote is submitted to a market and within a certain restriction (possibly based upon price or quantity) will automatically trade against orders. Order that do not comply with restrictions are sent to the quote issuer who can choose to accept or decline the order.

A counter quote is used in the negotiation model. See Volume 7 - Product: Fixed Income for example usage.

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Differences between the selected source snapshots, including wording and errata; not a migration guide.

FIX 5.0 SP2 FIX Latest · EP309

Values only in FIX Latest · EP309 1

  • 4Initially tradeable

Value text or deprecation changed 1

ValueFIX 5.0 SP2FIX Latest · EP309
2Restricted TradeableRestricted tradeable

Values 5

ValueMeaning
0

Indicative

1

Tradeable

2

Restricted tradeable

3

Counter (tradeable)

4

Initially tradeable

About the int data type

Sequence of digits without commas or decimals and optional sign character (ASCII characters "-" and "0" - "9" ). The sign character utilizes one byte (i.e. positive int is "99999" while negative int is "-99999"). Note that int values may contain leading zeros (e.g. "00023" = "23").

Used in messages 11

Includes nested components and repeating groups. Open a location to see its surrounding requirements.