Quote (MsgType = S)

The Quote (S) message is used as the response to a Quote Request (R) message and can be used to publish unsolicited quotes.

Quotes supplied as the result of a Quote Request (R) message are tagged with the appropriate QuoteReqID (131) , unsolicited quotes can be identified by the absence of a QuoteReqID (131) .

The symbol used for forex quotes is, in ISO codes, "currency1.currency2" (e.g. GBP.USD) and the quote will be returned as a rate expressed as currency1/currency2. BidPx (132) indicates the rate at which the broker is willing to buy currency1 and deliver currency2, OfferPx (133) indicates the rate at which the broker is willing to sell currency1 and receive currency2. Indicative rates are quoted in the BidPx (132) field and may contain a level in the BidSize (134) field.

Orders can be generated based on Quotes, quoted orders include the QuoteID (117) and are OrdType (40) =Quoted Order.

Tag Field Name FIXML Req'd Comments
<Standard Message Header> Y MsgType = S
131 QuoteReqID N Required when quote is in response to a Quote Request (R) message
117 QuoteID Y
55 Symbol Y
65 SymbolSfx N
48 SecurityID N
22 IDSource N
106 Issuer N
107 SecurityDesc N
132 BidPx Y
133 OfferPx N
134 BidSize N
135 OfferSize N
62 ValidUntilTime N
<Standard Message Trailer> Y