Quotes enable participants to simultaneously enter firm bid and offer (buy and sell) prices
for a certain number of securities.
A quote specifies the simultaneous entry of one or more limited buy and/or sell orders in a single
instruction. Quotes remain in the order book until they are executed, overwritten or deleted.
Which attributes must participants indicate on a Quote?
Quotes must be entered with the following attributes:
Participant and Trader identifications
Transaction Type: buy and/or sell
Quantity: number of securities or nominal value for bonds for buy and/or sell side.
Identification of the order book: ISN, trading currency and trading venue
Trading capacity: client transaction (trading in own name but for the account of the client, only
allowed for Liquidity Providers) or principal transaction (trading in own name and for own account)
Price limit: limited for buy and/or sell side
Validity: Good-for-business day
Which interface supports quotes?
- Quote Trading Interface (QTI)