RoutedQuote (MERQ)
| ID | 39232 |
The Routed Quote Event is used to report the following:
- Quotes in OTC equity securities sent to an inter-dealer quotation system operated by an Industry Member
- Quotes in OTC Equity securities sent to a quotation venue not operated by a CAT Reporter.
- Any other route of electronic quotes which are provided by or received in a CAT Reporter’s order/quote handling or execution systems in CAT reportable securities and are provided by an Industry Member to other market participants off a national securities exchanges, as described in [CAT FAQ B45](https://catnmsplan.com/faq%23B45.
For two-sided quote events, the bidPrice, bidQty, askPrice, and askQty fields must be populated. For one-sided quote events, the price and quantity of the applicable side must be populated. For quotes representing a name only quote for which a price and quantity is not applicable, the price and quantity of the applicable side must be blank or must be populated with zero, and the unpricedInd must be populated as ‘true’.
Quotes entered directly into an inter-dealer quotation system’s platform that are not sent to the inter-dealer quotation system electronically (e.g., via FIX) are considered to be routed manually, and the manualFlag must be populated as ‘true’. The routedQuoteID field is not required for manual routes.
Field | Name | Type | Req'd | Comments | Pedigree |
|---|---|---|---|---|---|
2 | Y | Indicates whether the event is a new event, a firm initiated correction or a repair of a CAT error. | |||
38 | Required when actionType is ‘RPR’. Must be blank when actionType is ‘NEW’. | ||||
44 | Y | An identifier assigned to the record by the reporting firm. Formatted as Must be unique for the Event Date and CAT Reporter IMID. | |||
131 | Y | MERQ | |||
22 | The SRO-assigned identifier that an Industry Member uses to report to CAT. If populated, must equal the CATReporterIMID in the filename. | ||||
98 | Y | The date and time the quoteID was assigned. | |||
97 | Y | The internal quote ID assigned to the quote by the Industry Member. Must be unique within quoteKeyDate, CATReporterIMID, and symbol combination. | |||
123 | Y | The symbol of the stock in the symbology of the primary listing exchange or FINRA for OTC Equity Securities. | |||
39 | Y | The date/time the quote was sent by the Industry Member. If manualFlag is ‘true’, timestamp must be reported to seconds. If manualFlag is ‘false’, timestamp must be reported to milliseconds or a finer increment up to nanoseconds. | |||
117 | The sequence number assigned to the quote by the reporter. Any alphanumeric not containing a delimiter. Required if two MERQs are submitted by an Industry Member using the onlyOneQuoteFlag method to route a modified quote, and both MERQ events have the same timestamp. | ||||
115 | Y | The IMID of the Industry Member that is sending the quote, as known by the destination. This value must match the senderIMID on the Quote Received event reported by the destination. | |||
30 | Y | When destinationType is ‘F’, this field contains the SRO-assigned identifier of the destination Industry Member. This value must match the receiverIMID field on the Quote Received event reported by the destination. When destinationType is ‘D’, this field contains the identifier of the Display-only Facility. | |||
112 | The quote ID sent to the recipient of the quote. Required when manualFlag is ‘false’. Not required when manualFlag is ‘true’. When dupROIDCond is ‘false’, must be unique per combination of Event Date, symbol, destination, and senderIMID. | ||||
15 | Price being bid. When provided, must be greater than or equal to zero. When unpricedInd is ‘true’, must be blank, or populated with a value of ‘0’. When unpricedInd is ‘false’, must be populated with a value greater than 0 if the askPrice field is blank. | ||||
16 | Quantity being bid. Must be populated with a value greater than ‘0’ if the bidPrice field is populated with a value greater than ‘0’. | ||||
10 | Price being asked. When provided, must be greater than or equal to zero. When unpricedInd is ‘true’, must be blank, or populated with a value of ‘0’. When unpricedInd is ‘false’, must be populated with a value greater than 0 if the bidPrice field is blank. | ||||
11 | Quantity being asked. Must be populated with a value greater than ‘0’ if the askPrice field is populated with a value greater than ‘0’. | ||||
99 | Y | If the result of the quote is rejected or no response was received, value should be ‘true’. | |||
134 | Y | If this is an unpriced quote, must be populated as ‘true’. When unpricedInd is ‘true’, bid and ask fields are not required. | |||
34 | Y | Indicates when a Routed Quote event maintains the original routedQuoteID. | |||
56 | Y | Must be marked as ‘true’ if the quote is sent manually. | |||
37 | The time at which the event is systematized. Required when manualFlag is ‘true’ and the event is systematized. | ||||
31 | Indicates whether the destination of the route is an Industry Member or a Display-only Facility. Applicable for an Industry Member generating quotes and displaying them on a Display-only Facility. | ||||
118 | The session ID used when routing the quote. Must equal the session in the quote received event reported by the Display-only Facility. Applicable for an Industry Member generating quotes and displaying them on a Display-only Facility. Required when destinationType is ‘D’. |
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