BidResponse message – FIX.4.3 – FIX Reference

MsgTypel

CategoryProgramTrading

SectionPreTrade

AddedFIX.4.2

Fields55

Components3

The Bid Response message can be used in one of two ways depending on which market conventions are being followed. In the "Non disclosed" convention the Bid Response message can be used to supply a bid based on the sector, country, index and liquidity information contained within the corresponding bid request message. See "Program/Basket/List Trading" for an example. In the "Disclosed" convention the Bid Response message can be used to supply bids based on the List Order Detail messages sent in advance of the corresponding Bid Request message.

Message Structure

55 fields, 3 components/groups — click any tag or field name for details

Tag

Name

Type

Req

Description

Added

◈ StandardHeader [Component]

MsgType = l (lowercase L)

FIX.4.2

BeginString

String

FIX.4.3 (Always unencrypted, must be first field in message)

FIX.4.0

BodyLength

int

(Always unencrypted, must be second field in message)

FIX.4.0

MsgType

String

(Always unencrypted, must be third field in message)

▶ 68 enum values

Value	Name	Description
0	Heartbeat	Heartbeat
1	TestRequest	Test Request
2	ResendRequest	Resend Request
3	Reject	Reject
4	SequenceReset	Sequence Reset
5	Logout	Logout
6	IOI	Indication of Interest
7	Advertisement	Advertisement
8	ExecutionReport	Execution Report
9	OrderCancelReject	Order Cancel Reject
a	QuoteStatusRequest	Quote Status Request
A	Logon	Logon
AA	DerivativeSecurityList	Derivative Security List
AB	NewOrderMultileg	New Order - Multileg
AC	MultilegOrderCancelReplace	Multileg Order Cancel/Replace (a.k.a. Multileg Order Modification Request)
AD	TradeCaptureReportRequest	Trade Capture Report Request
AE	TradeCaptureReport	Trade Capture Report
AF	OrderMassStatusRequest	Order Mass Status Request
AG	QuoteRequestReject	Quote Request Reject
AH	RFQRequest	RFQ Request
AI	QuoteStatusReport	Quote Status Report
b	MassQuoteAcknowledgement	Mass Quote Acknowledgement
B	News	News
c	SecurityDefinitionRequest	Security Definition Request
C	Email	Email
d	SecurityDefinition	Security Definition
D	NewOrderSingle	Order Single
e	SecurityStatusRequest	Security Status Request
E	NewOrderList	Order List
f	SecurityStatus	Security Status
F	OrderCancelRequest	Order Cancel Request
G	OrderCancelReplaceRequest	Order Cancel/Replace Request
g	TradingSessionStatusRequest	Trading Session Status Request
h	TradingSessionStatus	Trading Session Status
H	OrderStatusRequest	Order Status Request
i	MassQuote	Mass Quote
j	BusinessMessageReject	Business Message Reject
J	AllocationInstruction	Allocation
K	ListCancelRequest	List Cancel Request
k	BidRequest	Bid Request
l	BidResponse	Bid Response (lowercase L)
L	ListExecute	List Execute
m	ListStrikePrice	List Strike Price
M	ListStatusRequest	List Status Request
N	ListStatus	List Status
n	XMLNonFIX	XML message (e.g. non-FIX MsgType)
o	RegistrationInstructions	Registration Instructions
P	AllocationInstructionAck	Allocation ACK
p	RegistrationInstructionsResponse	Registration Instructions Response
q	OrderMassCancelRequest	Order Mass Cancel Request
Q	DontKnowTrade	Dont Know Trade (DK)
r	OrderMassCancelReport	Order Mass Cancel Report
R	QuoteRequest	Quote Request
s	NewOrderCross	New Order - Cross
S	Quote	Quote
t	CrossOrderCancelReplaceRequest	Cross Order Cancel/Replace Request (a.k.a. Cross Order Modification Request)
T	SettlementInstructions	Settlement Instructions
u	CrossOrderCancelRequest	Cross Order Cancel Request
v	SecurityTypeRequest	Security Type Request
V	MarketDataRequest	Market Data Request
w	SecurityTypes	Security Types
W	MarketDataSnapshotFullRefresh	Market Data-Snapshot/Full Refresh
x	SecurityListRequest	Security List Request
X	MarketDataIncrementalRefresh	Market Data-Incremental Refresh
y	SecurityList	Security List
Y	MarketDataRequestReject	Market Data Request Reject
z	DerivativeSecurityListRequest	Derivative Security List Request
Z	QuoteCancel	Quote Cancel

FIX.4.0

SenderCompID

String

(Always unencrypted)

FIX.4.0

TargetCompID

String

(Always unencrypted)

FIX.4.0

115

OnBehalfOfCompID

String

Trading partner company ID used when sending messages via a third party (Can be embedded within encrypted data section.)

FIX.4.0

128

DeliverToCompID

String

Trading partner company ID used when sending messages via a third party (Can be embedded within encrypted data section.)

FIX.4.0

SecureDataLen

Length

Required to identify length of encrypted section of message. (Always unencrypted)

FIX.4.0

SecureData

data

Required when message body is encrypted. Always immediately follows SecureDataLen field.

FIX.4.0

MsgSeqNum

int

(Can be embedded within encrypted data section.)

FIX.4.0

SenderSubID

String

(Can be embedded within encrypted data section.)

FIX.4.0

142

SenderLocationID

String

Sender's LocationID (i.e. geographic location and/or desk) (Can be embedded within encrypted data section.)

FIX.4.1

TargetSubID

String

"ADMIN" reserved for administrative messages not intended for a specific user. (Can be embedded within encrypted data section.)

FIX.4.0

143

TargetLocationID

String

Trading partner LocationID (i.e. geographic location and/or desk) (Can be embedded within encrypted data section.)

FIX.4.1

116

OnBehalfOfSubID

String

Trading partner SubID used when delivering messages via a third party. (Can be embedded within encrypted data section.)

FIX.4.0

144

OnBehalfOfLocationID

String

Trading partner LocationID (i.e. geographic location and/or desk) used when delivering messages via a third party. (Can be embedded within encrypted data section.)

FIX.4.1

129

DeliverToSubID

String

Trading partner SubID used when delivering messages via a third party. (Can be embedded within encrypted data section.)

FIX.4.0

145

DeliverToLocationID

String

Trading partner LocationID (i.e. geographic location and/or desk) used when delivering messages via a third party. (Can be embedded within encrypted data section.)

FIX.4.1

PossDupFlag

Boolean

Always required for retransmitted messages, whether prompted by the sending system or as the result of a resend request. (Can be embedded within encrypted data section.)

▶ 2 enum values

Value	Name	Description
N	OriginalTransmission	Original transmission
Y	PossibleDuplicate	Possible duplicate

FIX.4.0

PossResend

Boolean

Required when message may be duplicate of another message sent under a different sequence number. (Can be embedded within encrypted data section.)

▶ 2 enum values

Value	Name	Description
N	OriginalTransmission	Original transmission
Y	PossibleResend	Possible resend

FIX.4.0

SendingTime

UTCTimestamp

(Can be embedded within encrypted data section.)

FIX.4.0

122

OrigSendingTime

UTCTimestamp

Required for message resent as a result of a ResendRequest. If data is not available set to same value as SendingTime (Can be embedded within encrypted data section.)

FIX.4.0

212

XmlDataLen

Length

Required when specifying XmlData to identify the length of a XmlData message block. (Can be embedded within encrypted data section.)

FIX.4.2

213

XmlData

data

Can contain a XML formatted message block (e.g. FIXML). Always immediately follows XmlDataLen field. (Can be embedded within encrypted data section.) See Volume 1: "FIXML Support"

FIX.4.2

347

MessageEncoding

String

Type of message encoding (non-ASCII characters) used in a message’s "Encoded" fields. Required if any "Encoding" fields are used.

▶ 4 enum values

Value	Name	Description
UTF-8	UTF8	(for using Unicode)
ISO-2022-JP	ISO2022JP	(for using JIS)
EUC-JP	EUCJP	(for using EUC)
Shift_JIS	ShiftJIS	(for using SJIS)

FIX.4.2

369

LastMsgSeqNumProcessed

int

The last MsgSeqNum value received by the FIX engine and processed by downstream application, such as trading system or order routing system. Can be specified on every message sent. Useful for detecting a backlog with a counterparty.

FIX.4.2

370

OnBehalfOfSendingTime

UTCTimestamp

(deprecated) Used when a message is sent via a "hub" or "service bureau". If A sends to Q (the hub) who then sends to B via a separate FIX session, then when Q sends to B the value of this field should represent the SendingTime on the message A sent to Q. (always expressed in UTC (Universal Time Coordinated, also known as "GMT")

FIX.4.2

627

Tag627

Number of repeating groups of historical "hop" information. Only applicable if OnBehalfOfCompID is used, however, its use is optional. Note that some market regulations or counterparties may require tracking of message hops.

FIX.4.3

628

Tag628

Third party firm which delivered a specific message either from the firm which originated the message or from another third party (if multiple "hops" are performed). It is recommended that this value be the SenderCompID (49) of the third party.

FIX.4.3

629

Tag629

Time that HopCompID (628) sent the message. It is recommended that this value be the SendingTime (52) of the message sent by the third party.

FIX.4.3

630

Tag630

Reference identifier assigned by HopCompID (628) associated with the message sent. It is recommended that this value be the MsgSeqNum (34) of the message sent by the third party.

FIX.4.3

390

BidID

String

Unique identifier for Bid Response as assigned by broker. Uniqueness must be guaranteed within a single trading day.

FIX.4.2

391

ClientBidID

String

Unique identifier for a Bid Request as assigned by institution. Uniqueness must be guaranteed within a single trading day.

FIX.4.2

420

NoBidComponents

int

Number of bid repeating groups

FIX.4.2

◈ CommissionData [Component]

Insert here the set of "CommissionData" fields defined in "COMMON COMPONENTS OF APPLICATION MESSAGES" First element of price. Required if NoBidComponents > 0.

FIX.4.3

Commission

Amt

Commission. Note if CommType is percentage, Commission of 5% should be represented as .05.

FIX.4.3

CommType

char

Commission type

▶ 6 enum values

Value	Name	Description
6	PointsPerBondOrContract	per bond
1	PerUnit	per share
2	Percent	percentage
3	Absolute	absolute
5	PercentageWaivedEnhancedUnits	(for CIV buy orders) percentage waived enhanced units
4	PercentageWaivedCashDiscount	(for CIV buy orders) percentage waived cash discount

FIX.4.3

479

Tag479

For CIV - Optional

FIX.4.3

497

Tag497

For CIV - Optional

▶ 2 enum values

Value	Name	Description
N	No	No
Y	Yes	Yes

FIX.4.3

ListID

String

Unique identifier for list as assigned by institution, used to associate multiple individual orders. Uniqueness must be guaranteed within a single trading day. Firms which generate multi-day orders should consider embedding a date within the ListID field to assure uniqueness across days.

FIX.4.2

421

Country

String

ISO Country Code

FIX.4.2

Side

char

When used in response to a "Disclosed" request indicates whether SideValue1 is Buy or Sell. SideValue2 can be derived by inference.

▶ 12 enum values

Value	Name	Description
6	SellShortExempt	Sell short exempt
B	AsDefined	As Defined (for use with multileg instruments)
C	Opposite	Opposite (for use with multileg instruments)
8	Cross	Cross (orders where counterparty is an exchange, valid for all messages except IOIs)
9	CrossShort	Cross short
1	Buy	Buy
2	Sell	Sell
3	BuyMinus	Buy minus
4	SellPlus	Sell plus
A	CrossShortExempt	Cross short exempt
5	SellShort	Sell short
7	Undisclosed	Undisclosed (valid for IOI and List Order messages only)

FIX.4.2

Price

Second element of price

FIX.4.2

423

PriceType

int

Code to represent the price type.

▶ 8 enum values

Value	Name	Description
3	FixedAmount	Fixed Amount (absolute value)
1	Percentage	Percentage
4	Discount	discount - percentage points below par
6	Spread	basis points relative to benchmark
7	TEDPrice	TED price (see "Volume 1 - Glossary")
8	TEDYield	TED yield (see "Volume 1 - Glossary")
5	Premium	premium - percentage points over par
2	PerUnit	per share (e.g. cents per share)

FIX.4.2

406

FairValue

Amt

The difference between the value of a future and the value of the underlying equities after allowing for the discounted cash flows associated with the underlying stocks (E.g. Dividends etc).

FIX.4.2

430

NetGrossInd

int

Net/Gross

▶ 2 enum values

Value	Name	Description
1	Net	Net
2	Gross	Gross

FIX.4.2

SettlmntTyp

char

Indicates order settlement period. Absence of this field is interpreted as Regular. Regular is defined as the default settlement period for the particular security on the exchange of execution.

▶ 11 enum values

Value	Name	Description
5	TPlus4	T+4
A	T1	T+1
6	Future	Future
3	TPlus2	T+2
2	NextDay	Next Day
8	SellersOption	Sellers Option
1	Cash	Cash
7	WhenAndIfIssued	When And If Issued
0	Regular	Regular
9	TPlus5	T+ 5
4	TPlus3	T+3

FIX.4.2

FutSettDate

LocalMktDate

Takes precedence over SettlmntTyp value and conditionally required/omitted for specific SettlmntTyp values.

FIX.4.2

336

TradingSessionID

String

Identifier for Trading Session Can be used to represent a specific market trading session (e.g. "PRE-OPEN", "CROSS_2", "AFTER-HOURS", "TOSTNET1", "TOSTNET2", etc). Values should be bi-laterally agreed to between counterparties.

FIX.4.2

625

Tag625

—

FIX.4.3

Text

String

Free format text string (Note: this field does not have a specified maximum length)

FIX.4.2

354

EncodedTextLen

Length