[This message was posted by Jim Northey of The LaSalle Technology Group <j...@lasalletech.com> to the "General Q/A" discussion forum at http://fixprotocol.org/discuss/22. You can reply to it on-line at http://fixprotocol.org/discuss/read/1b0648a0 - PLEASE DO NOT REPLY BY MAIL.]
Christiaan At least in the implementations I have done - the QuoteID was unique for the market maker and did not have to be changed after a fill. So you could keep the same quote id through the day and reuse it. Within your trading system the QuoteID must then of course be qualified with the owner of the quote (market maker id for instance) within the system. We have a proposal to make the QuoteID uniqueness be more like that of an OrderID and I find that very regrettable and costly in terms of processing on a matching engine. For now basically many markets consider the QuoteID and its value under the control of the quote originator. Hope others weigh in on this discussion. > Hi all, > > In FIX 5.0, QuoteID is described as: "Unique identifier for quote". I > was just wondering how to interpret that... > > Q1: Would every QuoteID on a certian currency pair have it's unique > QuoteID per Quote (35=S), or can a QuoteID be resused during a > FIX session? > > Q2: What if a trade is done on a Quote, should the QuoteID then be > changed, or can I just send in a new Quote with the same QuoteID > as before? > > Cheers! Christiaan [You can unsubscribe from this discussion group by sending a message to mailto:unsubscribe+100932...@fixprotocol.org] -- You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to fix-proto...@googlegroups.com. To unsubscribe from this group, send email to fix-protocol+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/fix-protocol?hl=en.
