Imported from previous forum
[ original email was from Jim Northey - jnorthey@lasalletech.com ]
After a review of the current proposal - it is recommended that the functionality provided in the tradeable quote model be further granularized by creating a Quote Status message that would be a market response to a new quote or a quote status request.
A Request for Quote Requests is proposed to permit a market participant (most likely a liquidity provider) to query or subscribe for quote requests for one or more securities traded on a market. This will make Quote Status Request only used for querying for quote status.
This has been addressed for FIX 4.3 Draft #3. Thank you. [PC20010725_3]
> After a review of the current proposal - it is recommended that the functionality provided in the tradeable quote model be further granularized by creating a Quote Status message that would be a market response to a new quote or a quote status request.
>
> A Request for Quote Requests is proposed to permit a market participant (most likely a liquidity provider) to query or subscribe for quote requests for one or more securities traded on a market. This will make Quote Status Request only used for querying for quote status.
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