# QuoteRequest(35=R) vs. RFQRequest(35=AH)

**URL:** <https://forum.fixtrading.org/t/quoterequest-35-r-vs-rfqrequest-35-ah/5838>\
**Category:** General Q&A\
**Tags:** fixed-income, xid\_165158, imported\
**Created:** [March 9, 2010, 10:34pm UTC](https://forum.fixtrading.org/t/quoterequest-35-r-vs-rfqrequest-35-ah/5838 "2010-03-09T22:34:50Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![manbirmohindru\_x](https://avatars.discourse-cdn.com/v4/letter/m/a6a055/32.png) [@manbirmohindru\_x](https://forum.fixtrading.org/u/manbirmohindru_x)\
**Post date:** [March 9, 2010, 10:34pm UTC](https://forum.fixtrading.org/t/quoterequest-35-r-vs-rfqrequest-35-ah/5838/1 "2010-03-09T22:34:50Z")

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Imported from previous forum

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**Author:** ![manbirmohindru\_x](https://avatars.discourse-cdn.com/v4/letter/m/a6a055/32.png) [@manbirmohindru\_x](https://forum.fixtrading.org/u/manbirmohindru_x)\
**Post date:** [March 9, 2010, 10:34pm UTC](https://forum.fixtrading.org/t/quoterequest-35-r-vs-rfqrequest-35-ah/5838/2 "2010-03-09T22:34:50Z")

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I am having troubles figuring out QuoteRequest(35=R) vs. RFQRequest(35=AH).

Both the QuoteRequest and RFQRequest messages give the initiator to use optional tag QuoteType(537) with values Indicative(0), or Tradeable(2), or RestrictedTradeable(3). So what would be the difference ?  
However, if initiator cannot use a ClOrdID in the RFQRequest message, what is the point of QuoteType [all RFQRequest would be Indicative] ?

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**Author:** ![jim.northey](https://yyz2.discourse-cdn.com/flex010/user_avatar/forum.fixtrading.org/jim.northey/32/37_2.png) [@jim.northey](https://forum.fixtrading.org/u/jim.northey)\
**Post date:** [March 9, 2010, 10:44pm UTC](https://forum.fixtrading.org/t/quoterequest-35-r-vs-rfqrequest-35-ah/5838/3 "2010-03-09T22:44:14Z")

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The difference between QuoteRequest and RFQRequest is the QuoteRequest is to request a quotation on a financial instrument. The RFQRequest is a request (usually implemented as a subscription) to receive QuoteRequests.

QuoteType the difference is there are different models for quotation - I think this is covered well in Volume 7.

The RFQRequest message does not contain ClOrdID because it is a request to receive QuoteRequests from a counterparty or a market place.

> I am having troubles figuring out QuoteRequest(35=R) vs.  
> RFQRequest(35=AH).
> 
> Both the QuoteRequest and RFQRequest messages give the initiator to use  
> optional tag QuoteType(537) with values Indicative(0), or Tradeable(2),  
> or RestrictedTradeable(3). So what would be the difference ? However, if  
> initiator cannot use a ClOrdID in the RFQRequest message, what is the  
> point of QuoteType [all RFQRequest would be Indicative] ?

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<div class="post-metadata">

**Author:** ![shivareddy\_x](https://avatars.discourse-cdn.com/v4/letter/s/a9a28c/32.png) [@shivareddy\_x](https://forum.fixtrading.org/u/shivareddy_x)\
**Post date:** [September 28, 2010, 11:35pm UTC](https://forum.fixtrading.org/t/quoterequest-35-r-vs-rfqrequest-35-ah/5838/4 "2010-09-28T23:35:46Z")

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> The difference between QuoteRequest and RFQRequest is the QuoteRequest is to request a quotation on a financial instrument. The RFQRequest is a request (usually implemented as a subscription) to receive QuoteRequests.
> 
> QuoteType the difference is there are different models for quotation - I think this is covered well in Volume 7.
> 
> The RFQRequest message does not contain ClOrdID because it is a request to receive QuoteRequests from a counterparty or a market place.
> 
> Can somebody point me to sample FIX messages for Fixed Income
> 
> > I am having troubles figuring out QuoteRequest(35=R) vs.  
> > RFQRequest(35=AH).
> > 
> > Both the QuoteRequest and RFQRequest messages give the initiator to use  
> > optional tag QuoteType(537) with values Indicative(0), or Tradeable(2),  
> > or RestrictedTradeable(3). So what would be the difference ? However, if  
> > initiator cannot use a ClOrdID in the RFQRequest message, what is the  
> > point of QuoteType [all RFQRequest would be Indicative] ?