The Quote Acknowledgment message contains the number of successfully processed quotes and a list of rejected quotes identified by tag 299-QuoteEntryID.
Accepted quotes are not listed in the acknowledgment.
To accommodate multiple quotes for an Product Code, the Quote Acknowledgment message can contain two additional levels of repeating information for a total of three tiers within the message.
If the Mass Quote message is completely accepted or completely rejected, the corresponding Quote Acknowledgment message has only one tier/thin ack. If, however, some quotes within the Mass Quote message are accepted and others rejected or all individual quotes are rejected, the corresponding Quote Acknowledgment utilizes 3 tiers to transmit the quote rejection information fat ack.
The Quote Acknowledgment has three possible formats:
- Positive Acknowledgment with All Quotes Accepted (1 Tier-Thin Ack)
- Positive Acknowledgment with Some or All Quotes Rejected (3-Tiers-Fat Ack)
- Negative Acknowledgment with All Quotes Rejected - (1 Tier-Thin Ack)
The following custom FIX tag is implemented in the Quote Acknowledgment message to support Mass Quotes:
Response to Mass Quote message: number of quotes accepted.