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 when QuoteType is Tradeable and the OrdType is Limit | ||
| 528 | Char Enum | |||
| Component | Number of related symbols (instruments) in Request | |||
| 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 |