Withdrawing/cancelling Quote Request sent to dealers in multi dealer trade negotiation

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Imported from previous forum

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During the multi-dealer trade negotiation, if a customer sends a quote request to multiple delaers, there is no way to cancel or withdraw his request/interest according to the current fix standards. Has any of you come across such a scenario? Don’t you think that we should allow cancelling the customer request. The only option the customer has is to refrain from hitting a quote. But should not the customer be able to cancel his request/interest in the first place? According to FIX specification volume 07, the requester who submits the quote request can pass/reject individual quotes. But I cannot find the messaging model required to withdraw/cancel the quote request submitted.

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Hello Vindya,

In order to end a negotiation dialog, the customer should send: QuoteResponse[35=AJ] message having QuoteRespType(694)=EndTrade(7).

This message should be forward to the dealers.

See the description of QuoteResponse[35=AJ] in fiximate ( http://www.fixtradingcommunity.org/FIXimate/FIXimate3.0/latestEP/en/FIX.5.0SP2_EP190/body_54576574.html )

I hope this helps,
Yuval

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Hello Yuval,

Thank you very much and it is indeed helpful. I was not sure about it initially as the event model depicted in GFIC multi dealer extension packs (http://www.fixtradingcommunity.org/pg/extensions/extension-pack?ExtensionID=EP168
http://www.fixtradingcommunity.org/pg/file/fplpo/read/33793/ep159-gfic-multidealer-quote-contribution-and-negoiation-extension) did not specifically discuss about it.

But I think, the quote response message can be used with QuoteRespType= EndTrade for the above mentioned purpose as you have mentioned.

Thanks again.