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. This message is commonly referred to as an Request For Quote (RFQ)
Added in protocol FIX.4.0
See in: FIX.4.0, FIX.4.1, FIX.4.2, FIX.4.3, FIX.5.0, FIX.5.0SP1, FIX.5.0SP2, FIX.5.0SP2 EP240.
| Field or Component | Name | Description | Is Required | Added | Is Deprecated |
|---|---|---|---|---|---|
| Block | StandardHeader | MsgType = R | Y | FIX.4.0 | |
| 131 | QuoteReqID | Y | FIX.4.0 | ||
| 644 | RFQReqID | For tradeable quote model – used to indicate to which RFQ Request this Quote Request is in response. | FIX.4.3 | ||
| 11 | ClOrdID | Required when QuoteType is Tradeable and the OrdType is Limit. | FIX.4.4 | ||
| 528 | OrderCapacity | FIX.4.4 | |||
| ImplicitBlockRepeating | QuotReqGrp | Number of related symbols (instruments) in Request | Y | FIX.4.4 | |
| 58 | Text | FIX.4.3 | |||
| 354 | EncodedTextLen | Must be set if EncodedText (355) field is specified and must immediately precede it. | FIX.4.3 | ||
| 355 | EncodedText | Encoded (non-ASCII characters) representation of the Text (58) field in the encoded format specified via the MessageEncoding (347) field. | FIX.4.3 | ||
| Block | StandardTrailer | Y | FIX.4.0 |