oth cases, standard RFS subscription rules ap

Overview

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Each individual Quote is good until replaced, withdrawn or ValidUntilTime expiry.  

Client as Taker

Whisperer supports two Taker RFS pricing models:

• Bilateral  - Request sent to a single Maker, receives Quote messages.
• Basket - Request sent to multiple Makers, receives MassQuote messages aggregating the individual Maker Quote messages. This model is Venue dependent - currently offered by t360_tex and fxspotstream only.

In this model each QuoteSet represents a different Leg/value date, and each QuoteEntry for a given QuoteSet contains the Leg quote details provided by an individual LP, identified by reference to the "ExecutionVenue" EntryPassthruKey.

Whisperer does not apply any particular sorting across the QuoteEntries for a given QuoteSet, the Client is expected to apply their own rules for identification of "best price" etc.

When submitting an order against a Basket MassQuote, the ExecutionVenue PartyRole must be provided, in addition to the QuoteID.

In both cases, standard RFS subscription rules apply - the subscription is terminated by a deal request or a pricing duration timeout.

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