The client will receive this type of acknowledgment when all quotes are rejected.
Same as tag 131-QuoteReqID from the corresponding Mass Quote message.
Tag 117-QuoteID of the corresponding Mass Quote message.
Contains reason (error code) the corresponding Mass Quote message has been rejected.
When this tag is returned, all quotes in the corresponding Mass Quote message have been rejected.
Tag 9771-MMAccount of the corresponding Mass Quote message.
Note: This tag value is always uppercase, regardless of the case in the inbound message tag. Client systems are not required to submit capitalized account values to CME Globex.
Number of quotes that have been accepted from the corresponding Mass Quote message.
Contains reason (error text) the corresponding Mass Quote message has been rejected.
Y = FIX required Y* = CME Group required N = Not required
Reject Codes - Tag 300-QuoteRejectReason
If the entire Mass Quote message is rejected (e.g. missing account number, market closed), then the Quote Acknowledgment message only contains Tier 1 level information and does not list the rejected quotes individually. The reject code is contained in tag 300-QuoteRejectReason and the reason is contained in tag 58-Text.
See Tag 300-QuoteRejectReason in the Quote Acknowledgment message for the list of reject codes.
Common Mass Quote Rejection Scenarios
The following table contains the most common scenarios when the CME Globex platform rejects quotes at the message level.
Mass Quote message is received during a market
Exchange (security) closed.
Mass Quote message is sent by a non-designated
Not authorized to quote security.