Capital Markets Adapters 10.11 | Apama Capital Markets Adapters Documentation 10.11 | Reuters MAPI Adapter | Order management | Minimum Quote Life
 
Minimum Quote Life
The term Minimum Quote Life (MQL) is used to denote a continuous window of time (in milliseconds) for which limit orders are required to be active (that is, available for trading) within the Matching order book before they are eligible to be Held or cancelled by the originating user. Most of the FX Spot instruments traded on the Thomson Reuters Matching service are subject to a Minimum Quote Life (MQL). Order cancel request is affected with MQL. If a cancel request is received before MQL period, the adapter will wait till MQL expires and then is resent.
You will receive MQL value in Reference model. MQL value gets updated every time IAF starts or there is a notification from Matching that trading mode changed from disabled to active. Following interface is still supported:
com.apama.fix.mapi.SetMQLEntry {
string TRANSPORT;
string serviceId;
string symbol;
float value; // in seconds
}
MQL for each instrument is initialized with the values given in above link. Client can use the above event if there is a change in these values. The value should be in seconds.