Message BidRequest

The BidRequest Message can be used in one of two ways depending on which market conventions are being followed.

In the "Non disclosed" convention (e.g. US/European model) the BidRequest message can be used to request a bid based on the sector, country, index and liquidity information contained within the message itself. In the "Non disclosed" convention the entry repeating group is used to define liquidity of the program. See " Program/Basket/List Trading" for an example.

In the "Disclosed" convention (e.g. Japanese model) the BidRequest message can be used to request bids based on the ListOrderDetail messages sent in advance of BidRequest message. In the "Disclosed" convention the list repeating group is used to define which ListOrderDetail messages a bid is being sort for and the directions of the required bids.

	Field or Component	Field Name	FIXML name	Req'd	Comments	Depr.

8	BeginString		FIXT.1.1 (Always unencrypted, must be first field in message)
9	BodyLength		(Always unencrypted, must be second field in message)
35	MsgType	@MsgTyp	(Always unencrypted, must be third field in message)
1128	ApplVerID	@ApplVerID	Indicates application version using a service pack identifier. The ApplVerID applies to a specific message occurrence.
1156	ApplExtID
1129	CstmApplVerID		Used to support bilaterally agreed custom functionality
49	SenderCompID	@SID	(Always unencrypted)
56	TargetCompID	@TID	(Always unencrypted)
115	OnBehalfOfCompID	@OBID	Trading partner company ID used when sending messages via a third party (Can be embedded within encrypted data section.)
128	DeliverToCompID	@D2ID	Trading partner company ID used when sending messages via a third party (Can be embedded within encrypted data section.)
90	SecureDataLen		Required to identify length of encrypted section of message. (Always unencrypted)
91	SecureData		Required when message body is encrypted. Always immediately follows SecureDataLen field.
34	MsgSeqNum	@SeqNum	(Can be embedded within encrypted data section.)
50	SenderSubID	@SSub	(Can be embedded within encrypted data section.)
142	SenderLocationID	@SLoc	Sender's LocationID (i.e. geographic location and/or desk) (Can be embedded within encrypted data section.)
57	TargetSubID	@TSub	"ADMIN" reserved for administrative messages not intended for a specific user. (Can be embedded within encrypted data section.)
143	TargetLocationID	@TLoc	Trading partner LocationID (i.e. geographic location and/or desk) (Can be embedded within encrypted data section.)
116	OnBehalfOfSubID	@OBSub	Trading partner SubID used when delivering messages via a third party. (Can be embedded within encrypted data section.)
144	OnBehalfOfLocationID	@OBLoc	Trading partner LocationID (i.e. geographic location and/or desk) used when delivering messages via a third party. (Can be embedded within encrypted data section.)
129	DeliverToSubID	@D2Sub	Trading partner SubID used when delivering messages via a third party. (Can be embedded within encrypted data section.)
145	DeliverToLocationID	@D2Loc	Trading partner LocationID (i.e. geographic location and/or desk) used when delivering messages via a third party. (Can be embedded within encrypted data section.)
43	PossDupFlag	@PosDup	Always required for retransmitted messages, whether prompted by the sending system or as the result of a resend request. (Can be embedded within encrypted data section.)
97	PossResend	@PosRsnd	Required when message may be duplicate of another message sent under a different sequence number. (Can be embedded within encrypted data section.)
52	SendingTime	@Snt	(Can be embedded within encrypted data section.)
122	OrigSendingTime	@OrigSnt	Required for message resent as a result of a ResendRequest. If data is not available set to same value as SendingTime (Can be embedded within encrypted data section.)
212	XmlDataLen		Required when specifying XmlData to identify the length of a XmlData message block. (Can be embedded within encrypted data section.)
213	XmlData		Can contain a XML formatted message block (e.g. FIXML). Always immediately follows XmlDataLen field. (Can be embedded within encrypted data section.) See Volume 1: FIXML Support
347	MessageEncoding	@MsgEncd	Type of message encoding (non-ASCII characters) used in a message's "Encoded" fields. Required if any "Encoding" fields are used.
369	LastMsgSeqNumProcessed		The last MsgSeqNum value received by the FIX engine and processed by downstream application, such as trading system or order routing system. Can be specified on every message sent. Useful for detecting a backlog with a counterparty.

Component

HopGrp

Hop

Number of repeating groups of historical "hop" information. Only applicable if OnBehalfOfCompID is used, however, its use is optional. Note that some market regulations or counterparties may require tracking of message hops.

end Component

Repeating Group 398

NoBidDescriptors

Used if BidType="Non Disclosed"

399	BidDescriptorType	@BidDescptrTyp	Required if NoBidDescriptors > 0. Must be first field in repeating group.
400	BidDescriptor	@BidDescptr
401	SideValueInd	@SideValuInd	Refers to the SideValue1 or SideValue2. These are used as opposed to Buy or Sell so that the basket can be quoted either way as Buy or Sell.
404	LiquidityValue	@LqdtyValu	Value between LiquidityPctLow and LiquidityPctHigh in Currency
441	LiquidityNumSecurities	@LqdtyNumSecurities	Number of Securites between LiquidityPctLow and LiquidityPctHigh in Currency
402	LiquidityPctLow	@LqdtyPctLow	Liquidity indicator or lower limit if LiquidityNumSecurities > 1
403	LiquidityPctHigh	@LqdtyPctHigh	Upper liquidity indicator if LiquidityNumSecurities > 1
405	EFPTrackingError	@EFPTrkngErr	Eg Used in EFP (Exchange For Physical) trades 12%
406	FairValue	@FairValu	Used in EFP trades
407	OutsideIndexPct	@OutsideNdxPct	Used in EFP trades
408	ValueOfFutures	@ValuOfFuts	Used in EFP trades

end Repeating Group

end Component

628	HopCompID	@ID
629	HopSendingTime	@Snt
630	HopRefID	@Ref

390	BidID	@BidID	Required to relate the bid response
391	ClientBidID	@ClBidID
374	BidRequestTransType	@BidReqTransTyp	Identifies the Bid Request message transaction type
392	ListName	@ListName
393	TotNoRelatedSym	@TotNoReltdSym
394	BidType	@BidTyp	e.g. "Non Disclosed", "Disclosed", No Bidding Process
395	NumTickets	@NumTkts	Total number of tickets/allocations assuming fully executed
15	Currency	@Ccy	Used to represent the currency of monetary amounts.
396	SideValue1	@SideValu1	Expressed in Currency
397	SideValue2	@SideValu2	Expressed in Currency

66	ListID	@ListID	Required if NoBidComponents > 0. Must be first field in repeating group.
54	Side	@Side	When used in request for a "Disclosed" bid indicates that bid is required on assumption that SideValue1 is Buy or Sell. SideValue2 can be derived by inference.
336	TradingSessionID	@SesID	Indicates off-exchange type activities for Detail.
625	TradingSessionSubID	@SesSub
430	NetGrossInd	@NetGrossInd	Indicates Net or Gross for selling Detail.
63	SettlType	@SettlTyp
64	SettlDate	@SettlDt	Takes precedence over SettlType value and conditionally required/omitted for specific SettlType values.
1	Account	@Acct
660	AcctIDSource	@AcctIDSrc

409	LiquidityIndType	@LqdtyIndTyp
410	WtAverageLiquidity	@WtAvgLqdty	Overall weighted average liquidity expressed as a % of average daily volume
411	ExchangeForPhysical	@EFP
412	OutMainCntryUIndex	@OutMainCntryUNdx	% value of stocks outside main country in Currency
413	CrossPercent	@CrssPct	% of program that crosses in Currency
414	ProgRptReqs	@ProgRptReqs
415	ProgPeriodInterval	@ProgPeriodIntvl	Time in minutes between each ListStatus report sent by SellSide. Zero means don't send status.
416	IncTaxInd	@IncTaxInd	Net/Gross
121	ForexReq	@ForexReq	Is foreign exchange required
417	NumBidders	@NumBidders	Indicates the total number of bidders on the list
75	TradeDate	@TrdDt
418	BidTradeType	@BidTrdTyp
419	BasisPxType	@BasisPxTyp
443	StrikeTime	@StrkTm	Used when BasisPxType = "C"
58	Text	@Txt
354	EncodedTextLen	@EncTxtLen	Must be set if EncodedText field is specified and must immediately precede it.
355	EncodedText	@EncTxt	Encoded (non-ASCII characters) representation of the Text field in the encoded format specified via the MessageEncoding field.

93	SignatureLength	Required when trailer contains signature. Note: Not to be included within SecureData field
89	Signature	Note: Not to be included within SecureData field
10	CheckSum	(Always unencrypted, always last field in message)

FIX.5.0SP2 Message

BidRequest [type 'k']

<BidReq>