Message QuoteRequest (R)

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.4.4, 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