You are here: AutoCert+ - UDS > UDS Test Requirements > Create a Covered Option Contract
Create a Covered Option
This test verifies that your application
can create a User-Defined Covered option contract.
Note: If you answered Yes to the question: “Can your system create Covered Option instruments?” and No to the question: “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.
- Create a Covered Option
- Click the
START TEST button to begin the certification test for
- 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.
- AutoCert+ receives
and processes a Security Definition message, acknowledging receipt of
the Security Definition Request message and creation of the UDS instrument.
- AutoCert+ uses the
Security Definition message to validate steps 1 and 2 on the AutoCert+
- If tag 323 – SecurityResponseType
is set to 2 and tag 762 – SecuritySubType is set to ‘COVERED’, AutoCert+ will display
a status of "Pending”
[Yellow] for steps 1 and 2 on the AutoCert+ screen.
- In step 2 on the Autocert+
screen, you must confirm successful receipt and processing of the Security
Definition Response message.
- AutoCert+ prompts you
to confirm successful processing of the Security Definition Response message
by selecting the Yes
or No option.
- If you answered Yes, AutoCert+ displays
a status of “Complete” [Green] for steps 1 and 2 on the AutoCert+ screen.
- AutoCert+ receives
and processes a Security Definition and Request for Quote Market
Data message listing the characteristics of the newly created UDS covered
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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