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Create a Covered Option Contract and Send an Order on the New Contract

This test verifies that your application can create a User-Defined Covered option contract and send a New Order and a Cancel Request on that instrument.

Note: If you answered Yes to the questions: “Can your system create Covered Option instruments?” and “Can your system send orders on UDS instruments?”, this test is mandatory.

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

 

  1. Create a Covered Option Contract and Send an Order on the New Contract:
  2. Click the START TEST button to begin the certification test for every run.

  1. In step 1 on the AutoCert+ screen, you must send a Security Definition Request to create a Covered Option (not a Covered Spread) instrument.

Upon receipt of the Security Definition Request, AutoCert+ will display a status of “Pending” [Yellow] until step 2 on the AutoCert+ screen is completed.

  1. AutoCert+ receives and processes a Security Definition message, acknowledging receipt of the Security Definition Request message and creation of the UDS instrument.
  1. In step 2 on the Autocert+ screen, you must confirm successful receipt and processing of the Security Definition Response message.

  1. In step 3 on the AutoCert+ screen, you send an order on the UDS covered option.
  1. AutoCert+ receives and processes an Execution Report  Acknowledgement message for the order.
  1. In step 4 on the AutoCert+ screen, you must confirm successful receipt and processing of the acknowledgement message.


  1. In step 5 on the AutoCert+ screen, you send a Cancel Request message on the order sent in step 3 on the AutoCert+ screen.
  1. AutoCert+ receives and processes an Execution Report - Cancel Confirmation message for the order sent in step 5 on the AutoCert+ screen.
  1. In step 6 on the AutoCert+ screen, you must confirm successful receipt and processing of the acknowledgement message.

AutoCert+ validates each field entry. A green icon indicates passed test, a yellow icon indicates a pending test, and a red icon indicates a failed test.


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