Message
| ID | 44 |
| Abbr Name | BidReq |
| Pedigree | Added FIX.4.2, Updated EP306 |
The BidRequest(35=K) message can be used in one of two ways depending on market conventions being followed.
In the "Non disclosed" convention (e.g. US/European model) the BidRequest(35=k) message may be used to request a bid based on the sector, country, index and liquidity information contained within the message itself. In the "Non disclosed" convention the BidDescReqGrp repeating group is used to define liquidity of the program.
In the "Disclosed" convention (e.g. Japanese model) the BidRequest(35=k) message may be used to request bids based on the NewOrderList(35=E) messages sent in advance of BidRequest(35=k) message. In the "Disclosed" convention the BidCompReqGrp repeating group is used to define which NewOrderList(35=E) messages a bid is being sought for and the directions of the required bids.
In the "Non disclosed" convention (e.g. US/European model) the BidRequest(35=k) message may be used to request a bid based on the sector, country, index and liquidity information contained within the message itself. In the "Non disclosed" convention the BidDescReqGrp repeating group is used to define liquidity of the program.
In the "Disclosed" convention (e.g. Japanese model) the BidRequest(35=k) message may be used to request bids based on the NewOrderList(35=E) messages sent in advance of BidRequest(35=k) message. In the "Disclosed" convention the BidCompReqGrp repeating group is used to define which NewOrderList(35=E) messages a bid is being sought for and the directions of the required bids.
Field | Name | Type | Req'd | Comments | Pedigree |
|---|---|---|---|---|---|
StandardHeader | Y | MsgType = k (lowercase K) | Added FIX.4.2 Updated EP306 | ||
390 | Required to relate the bid response | Added FIX.4.2 | |||
391 | Y | Added FIX.4.2 | |||
374 | Y | Identifies the Bid Request message transaction type | Added FIX.4.2 | ||
392 | Added FIX.4.2 | ||||
393 | Y | Added FIX.4.2 | |||
394 | Y | e.g. "Non Disclosed", "Disclosed", No Bidding Process | Added FIX.4.2 | ||
395 | Total number of tickets/allocations assuming fully executed | Added FIX.4.2 | |||
15 | Used to represent the currency of monetary amounts. | Added FIX.4.2 | |||
2897 | Added EP273 | ||||
396 | Expressed in Currency | Added FIX.4.2 | |||
397 | Expressed in Currency | Added FIX.4.2 | |||
BidDescReqGrp | Used if BidType="Non Disclosed" | Added FIX.4.4 | |||
BidCompReqGrp | Used if BidType="Disclosed" | Added FIX.4.4 | |||
409 | Added FIX.4.2 | ||||
410 | Overall weighted average liquidity expressed as a % of average daily volume | Added FIX.4.2 | |||
411 | Added FIX.4.2 | ||||
412 | % value of stocks outside main country in Currency | Added FIX.4.2 | |||
413 | % of program that crosses in Currency | Added FIX.4.2 | |||
414 | Added FIX.4.2 | ||||
415 | Time in minutes between each ListStatus report sent by SellSide. Zero means don't send status. | Added FIX.4.2 | |||
416 | Net/Gross | Added FIX.4.2 | |||
121 | Is foreign exchange required | Added FIX.4.2 | |||
417 | Indicates the total number of bidders on the list | Added FIX.4.2 | |||
75 | Added FIX.4.2 | ||||
418 | Y | Added FIX.4.2 | |||
419 | Y | Added FIX.4.2 | |||
443 | Used when BasisPxType = "C" | Added FIX.4.2 | |||
58 | Added FIX.4.2 | ||||
354 | Must be set if EncodedText field is specified and must immediately precede it. | Added FIX.4.2 | |||
355 | Encoded (non-ASCII characters) representation of the Text field in the encoded format specified via the MessageEncoding field. | Added FIX.4.2 | |||
StandardTrailer | Y | Added FIX.4.2 |
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