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Outright Vanilla Order for Options

The Outright Vanilla Order for Options test verifies that you can submit a Limit Order and receive and process the Acknowledgment and Fill messages for an outright instrument.

Note: This test is mandatory if you answered "Options" to the question, "What types of Instruments will your system support?" in the interview.

  1. To run an outright vanilla order for options test:
  1. From the Contract drop-down, select the desired contract if the contract is not already locked. 
  2. Click the "START TEST" button.

Note: DO NOT select the "START TEST" button once the test process is in progress.

  1. Submit a Limit Day order (tag 35-MsgType=D, tag 40-OrdType=2, tag 59-TimeInForce=0) for one of the instruments.

After the New Order message is received, CME Group sends an Execution Report - Confirmation/Acknowledgment.

CME Group sends an Execution Report - Fill Notice (tag 35-MsgType=8, tag 39-OrdStatus=2) for the order, returning a complete fill.

  1. Determine if your system processed the Execution Report - Acknowledgment message correctly. Select "Yes " or "No".

CME Group sends an Execution Report - Fill Notice for the order, returning a complete fill.

  1. Determine if your system processed the Execution Report - Fill message correctly. Enter the following information and click the Submit button:
  • Order Status (tag 39-OrdStatus)
  • Price received (tag 31-LastPx)
  • Quantity received (tag 38-OrderQty)