[This message was posted by Mikael Brannstrom of Nordic Growth Market <[email protected]> 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/8756417f - PLEASE DO NOT REPLY BY MAIL.]
Hi Christiaan, The document "Recommended Practices for Continuous Mass Quoting", FPL EEWG, might give you some information - at least from an Exchange/ECN perspective. http://www.fixprotocol.org/documents/3496/EEWG%20Quotation%20Best%20Practices%20V1_00.pdf The "Recommended Practices ..." says: "The recommended practice for QuoteEntryID: when only one quote is permitted then it should be defaulted to one, when multiple quotes are permitted then it can be a number up to the number of two-sided quotes in that instrument." Note: QuoteEntryID (mass quote) = QuoteID (single quote). The QuoteID is unique throughout the lifetime of the quote. As soon as the quote is dead (completely filled or canceled) the QuoteID can be reused, but I believe that this is a bilateral agreement. We (NGM) would allow the QuoteID to be reused once the quote is dead, but I'm not sure if this is how others do it. Regards Mikael Brännström > 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:[email protected]] -- You received this message because you are subscribed to the Google Groups "Financial Information eXchange" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/fix-protocol?hl=en.
