Message BidResponse (l)

The Bid Response message can be used in one of two ways depending on which market conventions are being followed. In the "Non disclosed" convention the Bid Response message can be used to supply a bid based on the sector, country, index and liquidity information contained within the corresponding bid request message. See "Program/Basket/List Trading" for an example. In the "Disclosed" convention the Bid Response message can be used to supply bids based on the List Order Detail messages sent in advance of the corresponding Bid Request message.

Added in protocol FIX.4.2

See in: FIX.4.3, FIX.4.4, 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 = l (lowercase L) Y FIX.4.2
390 BidID FIX.4.2
391 ClientBidID FIX.4.2
420 NoBidComponents Number of bid repeating groups Y FIX.4.2
12 Commission First element of price. Required if NoBidComponents > 0. Y FIX.4.2
13 CommType Y FIX.4.2
66 ListID FIX.4.2
421 Country ISO Country Code FIX.4.2
54 Side When used in response to a "Disclosed" request indicates whether SideValue1 is Buy or Sell. SideValue2 can be derived by inference. FIX.4.2
44 Price Second element of price FIX.4.2
423 PriceType FIX.4.2
406 FairValue The difference between the value of a future and the value of the underlying equities after allowing for the discounted cash flows associated with the underlying stocks (E.g. Dividends etc). FIX.4.2
430 NetGrossInd Net/Gross FIX.4.2
63 SettlmntTyp Indicates order settlement period for Detail. FIX.4.2
64 FutSettDate FIX.4.2
336 TradingSessionID FIX.4.2
58 Text FIX.4.2
354 EncodedTextLen Must be set if EncodedText (355) field is specified and must immediately precede it. FIX.4.2
355 EncodedText Encoded (non-ASCII characters) representation of the Text (58) field in the encoded format specified via the MessageEncoding (347) field. FIX.4.2
Block StandardTrailer Y FIX.4.2