This Extension Pack enhances quoting features to include additional support for reserve (also known as hidden or iceberg) and Axe quote functionality. To support the reserve functionality, a new field specifies the type of quote model being used in conjunction with TotalBidSize(1749) and TotalOfferSize(1750).
The Extension Pack introduces a new formal term of Axe (or Ax) defined as a list of one or more securities that a market participant is seeking to purchase or sell which can be limited to one or more potential counter parties or may be broadly distributed. An Axe does not require a response, but firm quotes and orders may result from an Axe. The QuoteQualifier(695) is extended to specify the quote is an Axe.
[Updated 2015-08-17] Revised the FIXML Schema and FIX Repository to reflect changes in EP161, EP169 and EP170.
[Updated 2014-12-13] Updated FIXML Schema and FIX Repository due to correction of FIXML issue in EP182.
|FIX Protocol Gap Analysis Proposal - Quote Model Type Quote Qualifier Extension v0.5_ASBUILT.pdf|
|File Size||2.59 MB|
|Create Date||June 20, 2017|