The following iLink 2 messages support Mass Quotes:
- The Mass Quote (tag 35-MsgType=i) message contains a set of quotes for a given Product Code. This message is used to enter new quotes, modify quotes, and cancel quotes.
- The Quote Cancel (tag 35-MsgType=Z) message is used to cancel all quotes or a partial set of quotes submitted during a specific session.
- The Quote Acknowledgment (tag 35-MsgType=b) message is used to positively and negatively acknowledge Mass Quote and Quote Cancel messages.
- An Execution Report - Fill Notice (tag 35-MsgType=8, tag 39-OrdStatus=1 or 2) and Execution Report - Order Cancel (tag 35-MsgType=8, tag 39-OrdStatus=4) messages notify client systems of fills and trade cancellations resulting from quotes.
The following table provides a summary of the iLink 2 message functionality.
Mass Quote (tag 35-MsgType = i) message
Allows authorized customers to submit two-sided quotes for one or more instruments.
Quote Cancel (tag 35-MsgType=Z) message
Allows authorized customers to:
Sent in response to:
Confirms receipt of a quote, confirms changes to an existing quote, relays quote status information, relays fill information, quote rejection.