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Processing Rejects

The Processing Rejects test verifies that you can receive and process reject messages (Execution Report - Reject, Cancel Reject, and Cancel/Replace Reject).

Note: This test is mandatory for all customers.

  1. To run a Processing Rejects 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 order (tag 35-MsgType=D) for one of the instruments.

The ACP Mediator intercepts the New Order message and changes the value in tag 59-TimeInForce by replacing it with "3" (Fill and Kill), which triggers an Execution Report - Reject (tag 35-MsgType=8, tag 39-OrdStatus=8).

After the New Order message is received and updated, CME Group sends the Execution Report - Reject.

  1. Determine if your system processed the Execution Report - Reject message correctly. Select "Yes" or "No".
  2. Submit a Limit order for the selected instrument.

After receiving the New Order message (35=D), CME Group sends an Execution Report - Confirmation/Acknowledgment (tag 35-MsgType=8, tag 39-OrdStatus=0).

  1. Determine if your system processed theExecution Report - Confirmation/Acknowledgment message correctly. Select "Yes" or "No".
  1. Submit an Order Cancel Request (tag 35-MsgType=F) for the most recently placed order.

The ACP Mediator intercepts the Order Cancel Request and changes the value in tag 37-OrderID by replacing its value with "1010101" (a nonexistent order ID). This triggers an Execution Report - Reject.

After receiving the Order Cancel Request (35=F), CME Group sends an Order Cancel Reject message (tag 35-MsgType=8, tag 39-OrdStatus=8).

  1. Determine if your system processed the Order Cancel Reject message correctly. Select "Yes" or "No".
  1. Submit a Limit order (tag 35-MsgType=D) for the selected instrument with a quantity less than 10.

After receiving the New Order message (35=D), CME Group sends an Execution Report - Confirmation/Acknowledgement (tag 35-MsgType=8, tag 39-OrdStatus=0).

  1. Determine if your system processed the Execution Report - Confirmation/Acknowledgment message correctly. Select "Yes" or "No".
  1. Submit an IFM Order Cancel/Replace Request (tag 35-MsgType=G) for the most recently placed order.

The ACP Mediator intercepts the IFM Order Cancel/Replace Request and changes the values in tag 38-Quantity and tag 44-Price by replacing them with "10". This triggers an Execution Report - Reject.

After receiving the IFM Order Cancel/Replace Request , CME Group sends an Order Cancel Reject message (tag 35-MsgType=9).

  1. Determine if your system processed the Order Cancel Reject message correctly. Select "Yes" or "No".