| ID | 26 |
| Pedigree | Added FIX.4.0, Updated FIX.4.1 |
In some markets it is the practice to request quotes from brokers prior to placement of an order. The quote request message is used for this purpose.
Quotes can be requested on specific securities or forex rates.
Securities quotes can be requested as either market quotes or for a specific quantity and side. If OrderQty and Side are absent, a market-style quote (bid x offer, size x size) will be returned.
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.
Forex quotes can be requested as indicative or at a specific quantity level. If an indicative quote is requested (OrderQty and Side are absent), the broker has discretion to quote at either a specific trade level and side or to provide an indicative quote at the mid-point of the spread. The broker can also choose to respond to an indicative quote by sending multiple quote messages specifying various levels and sides.
Field | Name | Type | Req'd | Comments | Pedigree |
|---|---|---|---|---|---|
StandardHeader | Y | MsgType = R | Added FIX.4.0 | ||
131 | Y | Added FIX.4.0 | |||
55 | Y | Added FIX.4.0 | |||
65 | Added FIX.4.0 | ||||
48 | Added FIX.4.0 | ||||
22 | Added FIX.4.0 | ||||
167 | Must be specified if a Future or Option. If a Future: Symbol, SecurityType, and MaturityMonthYear are required. If an Option: Symbol, SecurityType, MaturityMonthYear, PutOrCall, and StrikePrice are required. | Added FIX.4.1 | |||
200 | For Options or Futures to specify the month and year of maturity. | Added FIX.4.1 | |||
205 | For Options or Futures and can be used in conjunction with MaturityMonthYear to specify a particular maturity date. | Added FIX.4.1 | |||
201 | For Options. | Added FIX.4.1 | |||
202 | For Options. | Added FIX.4.1 | |||
206 | For Options. | Added FIX.4.1 | |||
207 | Can be used to identify the security. | Added FIX.4.1 | |||
106 | Added FIX.4.0 | ||||
107 | Added FIX.4.0 | ||||
140 | Useful for verifying security identification | Added FIX.4.0 | |||
54 | If OrdType = “Forex - Swap”, should be the side of the future portion of a F/X swap | Added FIX.4.0 Updated FIX.4.1 | |||
38 | Added FIX.4.0 | ||||
64 | Can be used with forex quotes to specify the desired “value date” | Added FIX.4.1 | |||
40 | Can be used to specify the type of order the quote request is for | Added FIX.4.1 | |||
193 | Can be used with OrdType = “Forex - Swap” to specify the “value date” for the future portion of a F/X swap. | Added FIX.4.1 | |||
192 | Can be used with OrdType = “Forex - Swap” to specify the order quantity for the future portion of a F/X swap. | Added FIX.4.1 | |||
StandardTrailer | Y | Added FIX.4.0 |
Orchimate Copyright 2026 Atomic Wire Technology Limited
Orchestra Copyright 2026 FIX Protocol Ltd
Terms of Service|Privacy Policy