Definition
The Quote message is used as the response to a Quote Request or a Quote Response message in both indicative, tradeable, and restricted tradeable quoting markets.
Message structure 4075 distinct fields
Source order, including nested components and groups. Group counts precede the repeated entries. “Required here” is relative to the enclosing component or group, not unconditional in the message. A dash means not marked required; conditional requirements remain in the source notes. This is a reference, not a counterparty-specific validator.
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StandardHeaderComponentRequired
MsgType = S
StandardHeader definition & usage →
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Required when quote is in response to a QuoteRequest(35=R) message.
Unique identifier for the bid side of the quote.
Unique identifier for the ask side of the quote.
Can be used when modifying an existing quote.
Optionally used to supply a message identifier for a quote.
Required when responding to the QuoteResponse(35=AJ) message. The counterparty specified ID of the QuoteResponse(35=AJ) message.
May be used to refer to a related quote.
Conditionally required if RefOrderID(1080) is specified.
If not specified, the default is an indicative quote.
Used to indicate whether a private negotiation is requested or if the response should be public. Only relevant in markets supporting both Private and Public quotes. If field is not provided in message, the model used must be bilaterally agreed.
QuotQualGrpRepeating groupCount tag 735—
QuotQualGrp definition & usage →
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QuoteAttributeGrpRepeating groupCount tag 2706—
May be used by the quote provider to indicate pre-trade transparency waiver determination in the context of MiFID II.
QuoteAttributeGrp definition & usage →
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ValueChecksGrpRepeating groupCount tag 1868—
ValueChecksGrp definition & usage →
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PartiesRepeating groupCount tag 453—
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InstrumentComponentRequired
Instrument definition & usage →
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FinancingDetailsComponent—
FinancingDetails definition & usage →
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UndInstrmtGrpRepeating groupCount tag 711—
UndInstrmtGrp definition & usage →
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Required for 1-sided tradeable or counter quotes of single instruments. Omit for 2-sided tradeable quote.
OrderQtyDataComponent—
Conditionally required for Tradeable or Counter quotes of single instruments when applicable for the type of instrument.
OrderQtyData definition & usage →
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Can be used with forex quotes to specify a specific "value date".
For NDFs this is required.
Can be used with OrdType = "Forex - Swap" to specify the "value date" for the future portion of a F/X swap.
Can be used with OrdType = "Forex - Swap" to specify the order quantity for the future portion of a F/X swap.
Can be used to specify the currency of the quoted prices. May differ from the 'normal' trading currency of the instrument being quoted
Required for NDFs to specify the settlement currency (fixing currency).
RateSourceRepeating groupCount tag 1445—
RateSource definition & usage →
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StipulationsRepeating groupCount tag 232—
Stipulations definition & usage →
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LegQuotGrpRepeating groupCount tag 555—
Required for multileg quotes
LegQuotGrp definition & usage →
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If F/X quote, should be the "all-in" rate (spot rate adjusted for forward points). Note that either BidPx, OfferPx or both must be specified.
If F/X quote, should be the "all-in" rate (spot rate adjusted for forward points). Note that either BidPx, OfferPx or both must be specified.
Can be used by markets that require showing the current best bid and offer
Can be used by markets that require showing the current best bid and offer
Used for markets that use a minimum and maximum bid size.
If MinBidSize(647) is specified, BidSize(134) is interpreted to contain the maximum bid size.
Used for markets that use a minimum and maximum offer size.
If MinOfferSize(648) is specified, OfferSize(135) is interpreted to contain the maximum offer size.
For use in private/directed quote negotiations.
The time when the quote will expire
TrdRegTimestampsRepeating groupCount tag 768—
TrdRegTimestamps definition & usage →
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Can be used to specify the type of order the quote is for
Bid F/X forward points of the future portion of a F/X swap quote added to spot rate. May be a negative value
Offer F/X forward points of the future portion of a F/X swap quote added to spot rate. May be a negative value
Can be used when the quote is provided in a currency other than the instrument's 'normal' trading currency. Applies to all bid prices contained in this quote message
Can be used when the quote is provided in a currency other than the instrument's 'normal' trading currency. Applies to all offer prices contained in this quote message
Can be used when the quote is provided in a currency other than the instruments trading currency.
CommissionDataComponent—
Can be used to show the counterparty the commission associated with the transaction.
CommissionData definition & usage →
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Used when routing quotes to multiple markets
PriceQualifierGrpRepeating groupCount tag 2709—
PriceQualifierGrp definition & usage →
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SpreadOrBenchmarkCurveData component may be used to specify the benchmark.
SpreadOrBenchmarkCurveData component may be used to specify the benchmark.
SpreadOrBenchmarkCurveDataComponent—
Spread(218) may be used for a mid-spread value.
SpreadOrBenchmarkCurveData definition & usage →
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RelativeValueGrpRepeating groupCount tag 2529—
RelativeValueGrp definition & usage →
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YieldDataComponent—
YieldData definition & usage →
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RoutingGrpRepeating groupCount tag 215—
RoutingGrp definition & usage →
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May be used to indicate the quote/negotiation is for the specified post-execution trade continuation or lifecycle event.
Must be set if EncodedTradeContinuationText(2371) field is specified and must immediately precede it.
Encoded (non-ASCII characters) representation of the TradeContinuationText(2374) field in the encoded format specified via the MessageEncoding(347) field.
Must be set if EncodedComplianceText(2352) field is specified and must immediately precede it.
Encoded (non-ASCII characters) representation of the ComplianceText(2404) field in the encoded format specified via the MessageEncoding(347) field.
Must be set if EncodedText field is specified and must immediately precede it.
Encoded (non-ASCII characters) representation of the Text field in the encoded format specified via the MessageEncoding field.
Conditionally required when QuoteQual(695) = d (Deferred spot) is specified.
StandardTrailerComponentRequired
StandardTrailer definition & usage →
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