The QuoteResponse (AJ) message is used for the following purposes:
1. Respond to an IOI (6) message
2. Respond to a Quote (S) message
3. Counter a Quote
4. End a negotiation dialog
5. Follow-up or end a QuoteRequest (R) dialog that did not receive a response.
Added in protocol FIX.4.4
See in: FIX.4.4, FIX.5.0, FIX.5.0SP1, FIX.5.0SP2.
| Field or Component | Name | Description | Is Required | Added | Is Deprecated |
|---|---|---|---|---|---|
| Block | StandardHeader | MsgType = AJ | Y | FIX.4.4 | |
| 693 | QuoteRespID | Unique ID as assigned by the Initiator | Y | FIX.4.4 | |
| 117 | QuoteID | Required only when responding to a Quote. | FIX.4.4 | ||
| 1166 | QuoteMsgID | Optionally used when responding to a Quote. | FIX.5.0 | ||
| 131 | QuoteReqID | Contains the QuoteReqID (131) of the QuoteRequest (R). | FIX.5.0SP2 (143) | ||
| 694 | QuoteRespType | Y | FIX.4.4 | ||
| 11 | ClOrdID | Unique ID as assigned by the Initiator. Required only in two-party models when QuoteRespType (694) = 1 (Hit/Lift) or 2 (Counter quote). | FIX.4.4 | ||
| 528 | OrderCapacity | FIX.4.4 | |||
| 529 | OrderRestrictions | FIX.5.0 | |||
| 23 | IOIID | Required only when responding to an IOI. | FIX.4.4 | ||
| 537 | QuoteType | Default is Indicative. | FIX.4.4 | Y | |
| 1091 | PreTradeAnonymity | FIX.5.0 | |||
| ImplicitBlockRepeating | QuotQualGrp | FIX.4.4 | |||
| 828 | TrdType | May be used by SEFs (Swap Execution Facilities) to indicate a block swap transaction. | FIX.5.0SP2 (176) | ||
| 2347 | RegulatoryTransactionType | FIX.5.0SP2 (176) | |||
| 2115 | NegotiationMethod | FIX.5.0SP2 (168) | |||
| BlockRepeating | Parties | Insert here the set of “Parties” (firm identification) fields defined in “Common Components of Application Messages” | FIX.4.4 | ||
| 336 | TradingSessionID | FIX.4.4 | |||
| 625 | TradingSessionSubID | FIX.4.4 | |||
| Block | Instrument | Insert here the set of “Instrument” (symbology) fields defined in “Common Components of Application Messages” For multilegs supply minimally a value for Symbol (55). |
Y | FIX.4.4 | |
| Block | FinancingDetails | Insert here the set of “FinancingDetails” (symbology) fields defined in “Common Components of Application Messages” For multilegs supply minimally a value for Symbol (55). |
FIX.4.4 | ||
| BlockRepeating | UndInstrmtGrp | Number of underlyings | FIX.4.4 | ||
| 54 | Side | Required when countering a single instrument quote or “hit/lift” an IOI or Quote. | FIX.4.4 | ||
| Block | OrderQtyData | Insert here the set of “OrderQtyData” fields defined in “Common Components of Application Messages” Required when countering a single instrument quote or “hit/lift” an IOI or Quote. |
FIX.4.4 | ||
| 110 | MinQty | FIX.5.0 | |||
| 63 | SettlType | FIX.4.4 | |||
| 64 | SettlDate | Can be used with forex quotes to specify a specific “value date” | FIX.4.4 | ||
| 193 | SettlDate2 | Can be used with OrdType = “Forex – Swap” to specify the “value date” for the future portion of a F/X swap. | FIX.4.4 | Y | |
| 192 | OrderQty2 | Can be used with OrdType = “Forex – Swap” to specify the order quantity for the future portion of a F/X swap. | FIX.4.4 | Y | |
| 15 | Currency | Can be used to specify the currency of the quoted prices. May differ from the ‘normal’ trading currency of the instrument being quoted | FIX.4.4 | ||
| BlockRepeating | Stipulations | Optional | FIX.4.4 | ||
| 1 | Account | FIX.4.4 | |||
| 660 | AcctIDSource | Used to identify the source of the Account code. | FIX.4.4 | ||
| 581 | AccountType | Type of account associated with the order (Origin) | FIX.4.4 | ||
| ImplicitBlockRepeating | LegQuotGrp | Required for multileg quote response | FIX.4.4 | ||
| 132 | BidPx | If F/X quote, should be the “all-in” rate (spot rate adjusted for forward points). Note that either BidPx, OfferPx or both must be specified. | FIX.4.4 | ||
| 133 | OfferPx | If F/X quote, should be the “all-in” rate (spot rate adjusted for forward points). Note that either BidPx, OfferPx or both must be specified. | FIX.4.4 | ||
| 645 | MktBidPx | Can be used by markets that require showing the current best bid and offer | FIX.4.4 | ||
| 646 | MktOfferPx | Can be used by markets that require showing the current best bid and offer | FIX.4.4 | ||
| 647 | MinBidSize | Specifies the minimum bid size. Used for markets that use a minimum and maximum bid size. | FIX.4.4 | ||
| 134 | BidSize | Specifies the bid size. If MinBidSize is specified, BidSize is interpreted to contain the maximum bid size. | FIX.4.4 | ||
| 648 | MinOfferSize | Specifies the minimum offer size. If MinOfferSize is specified, OfferSize is interpreted to contain the maximum offer size. | FIX.4.4 | ||
| 135 | OfferSize | Specified the offer size. If MinOfferSize is specified, OfferSize is interpreted to contain the maximum offer size. | FIX.4.4 | ||
| 62 | ValidUntilTime | The time when the QuoteResponse (AJ) will expire. Required for FI when the QuoteRespType (694) is either 1 (Hit/Lift) or 2 (Counter quote) to indicate to the respondent when the offer is valid until. | FIX.4.4 | ||
| 188 | BidSpotRate | May be applicable for F/X quotes | FIX.4.4 | ||
| 190 | OfferSpotRate | May be applicable for F/X quotes | FIX.4.4 | ||
| 189 | BidForwardPoints | May be applicable for F/X quotes | FIX.4.4 | ||
| 191 | OfferForwardPoints | May be applicable for F/X quotes | FIX.4.4 | ||
| 631 | MidPx | FIX.4.4 | |||
| 632 | BidYield | FIX.4.4 | |||
| 633 | MidYield | FIX.4.4 | |||
| 634 | OfferYield | FIX.4.4 | |||
| 60 | TransactTime | FIX.4.4 | |||
| 40 | OrdType | Can be used to specify the type of order the quote is for. | FIX.4.4 | ||
| 642 | BidForwardPoints2 | Bid F/X forward points of the future portion of a F/X swap quote added to spot rate. May be a negative value | FIX.4.4 | Y | |
| 643 | OfferForwardPoints2 | Offer F/X forward points of the future portion of a F/X swap quote added to spot rate. May be a negative value | FIX.4.4 | Y | |
| 656 | SettlCurrBidFxRate | Can be used when the quote is provided in a currency other than the instrument’s ‘normal’ trading currency. Applies to all bid prices contained in this quote message | FIX.4.4 | ||
| 657 | SettlCurrOfferFxRate | Can be used when the quote is provided in a currency other than the instrument’s ‘normal’ trading currency. Applies to all offer prices contained in this quote message | FIX.4.4 | ||
| 156 | SettlCurrFxRateCalc | Can be used when the quote is provided in a currency other than the instruments trading currency. | FIX.4.4 | ||
| Block | CommissionData | Can be used to show the counterparty the commission associated with the transaction. | FIX.5.0SP2 (204) | ||
| 582 | CustOrderCapacity | For Futures Exchanges | FIX.4.4 | ||
| 100 | ExDestination | Used when routing quotes to multiple markets | FIX.4.4 | ||
| 1133 | ExDestinationIDSource | FIX.4.4 | |||
| 58 | Text | FIX.4.4 | |||
| 354 | EncodedTextLen | Must be set if EncodedText (355) field is specified and must immediately precede it. | FIX.4.4 | ||
| 355 | EncodedText | Encoded (non-ASCII characters) representation of the Text (58) field in the encoded format specified via the MessageEncoding (347) field. | FIX.4.4 | ||
| 44 | Price | FIX.4.4 | |||
| 423 | PriceType | FIX.4.4 | |||
| BlockRepeating | PriceQualifierGrp | FIX.5.0SP2 (230) | |||
| 1917 | CoverPrice | FIX.5.0SP2 (159) | |||
| Block | SpreadOrBenchmarkCurveData | Insert here the set of “SpreadOrBenchmarkCurveData” fields defined in “Common Components of Application Messages” | FIX.4.4 | ||
| Block | YieldData | Insert here the set of “YieldData” fields defined in “Common Components of Application Messages” | FIX.4.4 | ||
| 443 | StrikeTime | Conditionally required when QuoteQual(695) = d (Deferred spot) is specified. | FIX.5.0SP2 (226) | ||
| Block | StandardTrailer | Y | FIX.4.4 |