This message is used to request a Quote <35=S>, an indication of the current price of an instrument. It can be used to request quotes for one or more products.
This message is commonly referred to as an RFQ, a "request for quote". In some markets, it's common to request quotes from brokers prior to placing an order.
Securities quotes can be requested as either market quotes or for a specific quantity and side. If OrderQty (38) and Side (54) are absent, a market-style quote (bid x offer, size x size) will be returned.
In the tradeable and restricted-tradeable quote models, this message may be preceded by the RFQ Request <35=AH> message.
For tradeable quote requests, it is possible to specify the time the request is valid for, and that the resulting quote must be valid for.
| Tag | Name | Type | Required | Description |
|---|---|---|---|---|
| Component | ||||
| 131 | String | |||
| 644 | String | For tradeable quote model - used to indicate to which RFQ Request this Quote Request is in response | ||
| 11 | String | Required only in two party models when QuoteType(537) = '1' (Tradeable) and the OrdType(40) = '2' (Limit) | ||
| 775 | Int Enum | |||
| 528 | Char Enum | |||
| 529 | MultipleCharValue Enum | |||
| 1171 | Boolean Enum | 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 | ||
| 1172 | Int Enum | |||
| 1091 | Boolean | |||
| Component | The set of "Root Parties" fields defined in "common components of application messages". Used for acting parties that applies to the whole message, not individual legs, sides, etc | |||
| Component | Number of related symbols (instruments) in Request | |||
| 376 | String | |||
| 2404 | String | |||
| 2351 | Length | Must be set if EncodedComplianceText(2352) field is specified and must immediately precede it | ||
| 2352 | Data | Encoded (non-ASCII characters) representation of the ComplianceText(2404) field in the encoded format specified via the MessageEncoding(347) field | ||
| 58 | String | |||
| 354 | Length | Must be set if EncodedText field is specified and must immediately precede it | ||
| 355 | Data | Encoded (non-ASCII characters) representation of the Text field in the encoded format specified via the MessageEncoding field | ||
| Component |