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FIXtags

FIX TAG 658

QuoteRequestRejectReason

intAdded FIX.4.3

Definition

Reason quote request was rejected.

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Differences between the selected source snapshots, including wording and errata; not a migration guide.

FIX 5.0 SP2 FIX Latest · EP309

Definition text changed

FIX 5.0 SP2

Reason Quote was rejected:

FIX Latest · EP309

Reason quote request was rejected.

Values only in FIX Latest · EP309 8

  • 12Exceeded clip size limit
  • 13Exceeded maximum notional order amount
  • 14Exceeded DV01/PV01 limit
  • 15Exceeded CS01 limit
  • 16Unavailable price or liquidity
    Additional source detail

    In the context of IA FX Reject codes, Quote Rejection Category B, the RFQ is rejected due to unavailable price information.

  • 17Unmet regulatory requirement
    Additional source detail

    In the context of IA FX Reject codes, Quote Rejection Category C, the RFQ is rejected due to regulatory requirements not being met. For example, a RFQ is submitted into a SEF by a non-SEF participant, or an NDF was submitted into the trading platform.

  • 18Unknown account(s)
    Additional source detail

    In the context of IA FX Reject codes, Quote Rejection Category E, the RFQ is rejected due to static data when the account/fund is not setup or unknown.

  • 19Invalid or missing entitlements
    Additional source detail

    In the context of IA FX Reject codes, Quote Rejection Category E, the RFQ is rejected due to static data when the counterparty is not authorized or has missing entitlements.

Value text or deprecation changed 5

ValueFIX 5.0 SP2FIX Latest · EP309
1Unknown Symbol (Security)Unknown Symbol (Security)
Additional source detail

In the context of IA FX Reject codes, Quote Rejection Category F, the RFQ is rejected due to unknown or unsupported product, e.g. by the specific venue, tenor restrictions on the market participant(s) involved.

3Quote Request Exceeds LimitQuote Request Exceeds Limit
Additional source detail

In the context of IA FX Reject codes, Quote Rejection Category D, the RFQ is rejected due to risk limit exceeded or not in place.

8No Market For InstrumentNo Market For Instrument
Additional source detail

In the context of IA FX Reject codes, Quote Rejection Category F, the RFQ is rejected due to unknown or unsupported product.

11Insufficient creditInsufficient credit
Additional source detail

In the context of IA FX Reject codes, Quote Rejection Category A, the RFQ is rejected due to credit limit exceeded or not in place.

99OtherOther
Additional source detail

In the context of IA FX Reject codes, Quote Rejection Category G, the RFQ is rejected due to other exceptions. Further detail may be provided in RejectText(1328) or Text(58), with preference for RejectText(1328) if field is present in the message.

Values 20

ValueMeaning
1

Unknown Symbol (Security)

Additional detail from the official source

In the context of IA FX Reject codes, Quote Rejection Category F, the RFQ is rejected due to unknown or unsupported product, e.g. by the specific venue, tenor restrictions on the market participant(s) involved.

2

Exchange (Security) Closed

3

Quote Request Exceeds Limit

Additional detail from the official source

In the context of IA FX Reject codes, Quote Rejection Category D, the RFQ is rejected due to risk limit exceeded or not in place.

4

Too Late to enter

5

Invalid Price

6

Not Authorized To Request Quote

7

No Match For Inquiry

8

No Market For Instrument

Additional detail from the official source

In the context of IA FX Reject codes, Quote Rejection Category F, the RFQ is rejected due to unknown or unsupported product.

9

No Inventory

10

Pass

11

Insufficient credit

Additional detail from the official source

In the context of IA FX Reject codes, Quote Rejection Category A, the RFQ is rejected due to credit limit exceeded or not in place.

12

Exceeded clip size limit

13

Exceeded maximum notional order amount

14

Exceeded DV01/PV01 limit

15

Exceeded CS01 limit

16

Unavailable price or liquidity

Additional detail from the official source

In the context of IA FX Reject codes, Quote Rejection Category B, the RFQ is rejected due to unavailable price information.

17

Unmet regulatory requirement

Additional detail from the official source

In the context of IA FX Reject codes, Quote Rejection Category C, the RFQ is rejected due to regulatory requirements not being met. For example, a RFQ is submitted into a SEF by a non-SEF participant, or an NDF was submitted into the trading platform.

18

Unknown account(s)

Additional detail from the official source

In the context of IA FX Reject codes, Quote Rejection Category E, the RFQ is rejected due to static data when the account/fund is not setup or unknown.

19

Invalid or missing entitlements

Additional detail from the official source

In the context of IA FX Reject codes, Quote Rejection Category E, the RFQ is rejected due to static data when the counterparty is not authorized or has missing entitlements.

99

Other

Additional detail from the official source

In the context of IA FX Reject codes, Quote Rejection Category G, the RFQ is rejected due to other exceptions. Further detail may be provided in RejectText(1328) or Text(58), with preference for RejectText(1328) if field is present in the message.

About the int data type

Sequence of digits without commas or decimals and optional sign character (ASCII characters "-" and "0" - "9" ). The sign character utilizes one byte (i.e. positive int is "99999" while negative int is "-99999"). Note that int values may contain leading zeros (e.g. "00023" = "23").

Used in messages 1

Includes nested components and repeating groups. Open a location to see its surrounding requirements.