RFQ
QuoteRequest Message (35=R)
The 360X FIX server will send a QuoteRequest message (R) to all counterparties mentioned in the message on behalf of the requester.
| Tag | Name | Required | Description |
|---|---|---|---|
| 131 | QuoteReqID | Y | Unique ID to identify RFQ request. |
| 1 | Account | Y | Account ID in which this order will be created |
| 48 | SecurityID | Y | ISIN of the instrument. |
| 22 | SecurityIDSource | Y | Required if SecurityID is specified. Always 4 = ISIN |
| 38 | OrderQty | N | The quantity the requester is looking to trade via RFQ |
| 59 | TimeInForce | Supported values are 0 = DAY 1= GOOD_TILL_CANCEL 6 = GOOD_TILL_DATE | |
| 126 | ExpireTime | N | It is required when TimeInForce is 6=GOOD_TILL_DATE. Provide expiration date and time. |
| 54 | Side | Y | Supported values 1 = Buy 2 = Sell |
| 36010 | ReportingPartyLEI | N | LEI of Requester. It is required when placing quote on behalf of other party |
| 36011 | CounterpartyLEI | Y | LEI of Counterparty. Used to identify counterparty. |
360X FIX server can reject quote for a variety of reasons like "Market closed," "Invalid symbol," "System maintenance" etc.
QuoteRequestReject Message (35=AG)
Responder counterparty can reject QuoteRequest by passing QuoteRequestRejectReason 10=Pass.
| Tag | Name | Required | Description |
|---|---|---|---|
| 131 | QuoteReqID | Y | Unique ID to identify RFQ request. |
| 1 | Account | Y | Account ID in which this order will be created |
| 48 | SecurityID | Y | ISIN of the instrument. |
| 22 | SecurityIDSource | Y | Required if SecurityID is specified. Always 4 = ISIN |
| 658 | QuoteRequestRejectReason | Y | Reason QuoteRequest was rejected. Valid values: 1 = Unknown Symbol 2 = Exchange/ Security Closed 6 = Not Authorized To Request Quote 10 = Pass 99 = Other |
| 58 | Text | N | Additional details about rejection |
| 36010 | ReportingPartyLEI | Y | LEI of requester who has sent QuoteRequest message |
| 36011 | CounterpartyLEI | N | Required when QuoteRequest is rejected by responder counterparty. |
QuoteStatusReport Message (35=AI)
| Tag | Name | Required | Description |
|---|---|---|---|
| 649 | QuoteStatusReqID | N | Required when it is response to QuoteStatusRequest message |
| 131 | QuoteReqID | N | Required when quote is in response to a Quote Request message |
| 117 | QuoteID | N | Unique identifier of the quote for which QuoteStatusReport message is sent |
| 693 | QuoteRespID | N | Required when responding to a Quote Response message. |
| 297 | QuoteStatus | Y | Valid values are: 0 = Accepted 5 = Rejected 7 = Expired 16 = Active 17 = Canceled |
| 48 | SecurityID | Y | ISIN of the instrument. echoed from quote |
| 22 | SecurityIDSource | Y | Required if SecurityID is specified. Always 4 = ISIN. echoed from quote |
| 58 | Text | N | Additional details about Quote status |
| 36010 | ReportingPartyLEI | Y | LEI of Quote creator |
Quote Message (35=S)
| Tag | Name | Required | Description |
|---|---|---|---|
| 117 | QuoteID | Y | Unique id for quote |
| 131 | QuoteReqID | Y | Unique ID sent by counter party with RFQ message |
| 1 | Account | Y | Account ID in which this order will be created |
| 48 | SecurityID | Y | ISIN of the instrument. |
| 22 | SecurityIDSource | Y | Required if SecurityID is specified. Always 4 = ISIN |
| 132 | BidPx | N | Bid price. Required if bid order |
| 133 | OfferPx | N | Ask price. Required if offer order |
| 134 | BidSize | N | Quantity of bid order. Required if bid order. |
| 135 | OfferSize | N | Quantity of ask order. Required if offer order |
| 54 | Side | Y | Supported values 1 = Buy 2 = Sell |
| 59 | TimeInForce | Supported values are 0 = DAY 1= GOOD_TILL_CANCEL 6 = GOOD_TILL_DATE | |
| 126 | ExpireTime | N | It is required when TimeInForce is 6=GOOD_TILL_DATE. Provide expiration date and time. |
| 36010 | ReportingPartyLEI | N | LEI of Requester. It is required when placing quote on behalf of other party |
QuoteResponse Message (35=AJ)
Requester can send a QuoteResponse message with QuoteResponseType 6=Pass to reject the quote or 1=Hit/Lift to accept the quote and place the order.
| Tag | Name | Required | Description |
|---|---|---|---|
| 693 | QuoteRespID | Y | Unique ID as assigned by the Requester |
| 117 | QuoteID | Y | Unique Id of Quote for which this is a response |
| 694 | QuoteRespType | Y | Supported Values 1 = Hit/Lift 6 = Pass |
| 48 | SecurityID | Y | ISIN of the instrument. |
| 22 | SecurityIDSource | Y | Required if SecurityID is specified. Always 4 = ISIN |
| 36010 | ReportingPartyLEI | Y | LEI of message creator |
| 36012 | CounterpartyLEI | Y | LEI of counterparty whose quote is rejected |
| Tag | Name | Required | Description |
|---|---|---|---|
| 693 | QuoteRespID | Y | Unique ID as assigned by the Requester |
| 117 | QuoteID | Y | Unique Id of Quote for which this is a response |
| 694 | QuoteRespType | Y | Supported Values 1 = Hit/Lift 6 = Pass |
| 48 | SecurityID | Y | ISIN of the instrument. |
| 22 | SecurityIDSource | Y | Required if SecurityID is specified. Always 4 = ISIN |
| 11 | ClOrdID | Y | Unique identifier for Order as assigned by the buy-side |
| 54 | Side | Y | Supported values 1 = Buy 2 = Sell |
| 44 | Price | Y | Limit price |
| 38 | OrderQty | Y | Order size in base units |
| 40 | OrdType | Y | Type of order 1 for market 2 for limit |
| 36010 | ReportingPartyLEI | Y | LEI of message creator |
| 36012 | CounterpartyLEI | Y | LEI of counterparty whose quote is accepted |
QuoteCancel Message (35=Z)
Canceling a Quote (S) is accomplished by indicating the type of cancellation in the QuoteCancelType (298) field.
| Tag | Name | Required | Description |
|---|---|---|---|
| 131 | QuoteReqID | N | Required when it is in response to a Quote Request message |
| 117 | QuoteID | N | Required when it is in response to a Quote message |
| 298 | QuoteCancelType | Y | Valid values are: 1 = Cancel for security 4 = Cancel All Quotes 5 = Cancel quote specified in QuoteID |
| 36010 | ReportingPartyLEI | Y | LEI of message creator |
Modified at 2025-12-22 07:21:27