[This message was posted by Anderson Chan of Hong Kong Mercantile Exchange <[email protected]> to the "5.0 SP2 Feedback" discussion forum at http://fixprotocol.org/discuss/121. You can reply to it on-line at http://fixprotocol.org/discuss/read/1cf3aab5 - PLEASE DO NOT REPLY BY MAIL.]
We are now working on the implementation of Mass Quote for market making according to FIX-5.0_SP2_VOL-7 document. We are not clear on the definition of QuoteResponseLevel(301) in the Mass Quote (35=i) and Mass Quote Acknowledgement. Could anyone advise on following questions? Thanks. 1. Does QuoteResponseLevel apply to full Mass Quote life cycle or just single request level? Say for example, we have submitted a MassQuote (35=i) with QuoteResponseLevel=2 and accepted by the exchange. In case of Unsolicited cancel made by the exchange, should the exchange sends MassQuoteAcknowledgement with proper QuoteStatus (297)? In contrast, we have submitted a MassQuote (35=i) with QuoteResponseLevel=0. Should the exchange suppresses MassQuoteAcknowledgement? (Please refer to P210 second paragraph. It seems that “No acks at all” and “Rejects only” are only applicable for solicited actions) 2. In Mass Quote Cancel section (P.224), either Quote Status Report or Mass Quote Ack can be sent for acceptance of the request. With respect to unsolicited Mass Quote Cancel, can we use either Mass Quote Ack to represent cancelled quote information? (In the table on page 213, it seems that only Quote Status Report should be sent in case of Mass Quote removed from Market in unsolicited way). [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.
