Quote Message and Entity Identifiers in Other Messages

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Imported from previous forum

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There appears to be a small discrepancy regarding the above in pages 208 and 209 of Volume 7 of the FIX 5.0 Service Pack 2 specification (i.e. the section on “Continuous Market Maker Quoting” in the “Exchanges and Markets” section).

In terms of the text in page 208:
"The recommended approach is to:

  • Use the ClOrdID (11) for the Quote entity identifier
  • Use the SecondaryClOrdID (526) field for the Quote message identifier in cases where it needs to be relayed"

In terms of the text in the table in page 209:
"- Message identifier: ClOrdID: Note that the message identifier of the original Quote/Mass Quote message goes into the ClOrdID for reference

  • Entity identifier: SecondaryClOrdID: Note that the entity identifier of the original Quote/Mass Quote message goes into the SecondaryClOrdID for reference"

The rest of the “Continuous Market Maker Quoting” section seems to support the text from page 209 (i.e. QuoteMsgID (single quote) or QuoteID (mass quote) should be in ClOrdID and QuoteID (single quote) or QuoteEntryID (mass quote) should be in SecondaryClOrdID).

Does that mean that the text in page 209 should apply?

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Just to close this issue. The issue below is an inconsistency in the spec which will be corrected by changing page 208 for the next FIX version. FIXimate describes it correctly, i.e. ClOrdID contains the message identifier and SecondaryClOrdID the entity identifier.

Thanks to Lalin from Millenium IT for pointing this out (and reading Volume 7 in the first place!). Plenty of stuff in there to help “standardize the standard”.

There appears to be a small discrepancy regarding the above in pages 208 and 209 of Volume 7 of the FIX 5.0 Service Pack 2 specification (i.e. the section on “Continuous Market Maker Quoting” in the “Exchanges and Markets” section).

In terms of the text in page 208:
"The recommended approach is to:

  • Use the ClOrdID (11) for the Quote entity identifier
  • Use the SecondaryClOrdID (526) field for the Quote message identifier in cases where it needs to be relayed"

In terms of the text in the table in page 209:
"- Message identifier: ClOrdID: Note that the message identifier of the original Quote/Mass Quote message goes into the ClOrdID for reference

  • Entity identifier: SecondaryClOrdID: Note that the entity identifier of the original Quote/Mass Quote message goes into the SecondaryClOrdID for reference"

The rest of the “Continuous Market Maker Quoting” section seems to support the text from page 209 (i.e. QuoteMsgID (single quote) or QuoteID (mass quote) should be in ClOrdID and QuoteID (single quote) or QuoteEntryID (mass quote) should be in SecondaryClOrdID).

Does that mean that the text in page 209 should apply?