Imported from previous forum
BidResponse (MsgType value l): Would it come under Program Trading or under Single Genral Order Handling in the Trade (Application Level) Messages?
Please advice!!
In the FIX.5.0SP2 and FIX.4.4 Erratas that we need to get published ASAP (I am way behind schedule on this one) BidResponse is now properly grouped under the Program Trading category where it belongs.
BidResponse (MsgType value l): Would it come under Program Trading or under Single Genral Order Handling in the Trade (Application Level) Messages?
Please advice!!
Frank: Thanx Jim!! I guessed the same, but was confused when I saw that its under Single General Order Handling Trade messages in FIXimate.
Jim: In the FIX.5.0SP2 and FIX.4.4 Erratas that we need to get published ASAP (I am way behind schedule on this one) BidResponse is now properly grouped under the Program Trading category where it belongs.
Frank: BidResponse (MsgType value l): Would it come under Program Trading or under Single General Order Handling in the Trade (Application Level) Messages?
Please advice!!
[ original email was from John Harris - john.harris@bondmart.com ]
Why does a “BidResponse” belong in the category “Program Trading?”
Frank: Thanx Jim!! I guessed the same, but was confused when I saw that its under Single General Order Handling Trade messages in FIXimate.
Jim: In the FIX.5.0SP2 and FIX.4.4 Erratas that we need to get published ASAP (I am way behind schedule on this one) BidResponse is now properly grouped under the Program Trading category where it belongs.
Frank: BidResponse (MsgType value l): Would it come under Program Trading or under Single General Order Handling in the Trade (Application Level) Messages?
Please advice!!
BidRequest / BidResponse are integral message to equity program trading business process. A good example of the usage is found on page 184 of Volume 4 of the FIX.5.0SP2 specification entitled “Program/Basket/List Trading”
The terminology is a bit confusing as “Bid” is similar to “Quote” but should not be confused as such.
The messages are purpose built for the list trading flows.