Committed Cross

The following instructions illustrate the process to run and complete Committed Cross tests.

  • To select the test:
  1. Select a SenderComp from the drop-down and select ASSIGN if not already assigned.
  1. From the Test Suite tab, select from the following linked tests then proceed to the specific instructions.
  1. Use the Instrument(s) drop down menu to choose an instrument and channel and click SELECT.
  2. Click the START TEST button.

Note:
If a test is not proceeding to the next step, clicking the Refresh button () below the test steps may resolve the issue.

Referential information is included for messages sent / received during the test.

Committed Cross (C-Cross) order submission for Pre-Registered / On-Demand Format

The purpose of this test is to verify that the client system can submit a Request for Cross Message and process all Acknowledgements and Fills according to the Committed Cross (C-Cross) approach (no preceding RFQ).

  • To run the Committed Cross (C-Cross) Rejection for Pre-Registered / On-Demand Format test:

Note: This test is used for both Pre-Registered and On-Demand formats. The above image shows the Pre-Registered version of the test.

  1. Submit a New Order Cross (35=s) with a quantity (→38-OrderQty) greater than 10 on each side.
  2. Receive and process Execution Report - New Order (35=8, 39=0) for buy (tag 54-Side=1) side.
  3. Receive and process Execution Report - New Order (35=8, 39=0) for sell (tag 54-Side=2) side.
  4. Receive and process Execution Report - Trade Outright.
  5. Receive and process Execution Report - Trade Outright.

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Committed Cross (C-Cross) Rejection for Pre-Registered / On-Demand Format

The purpose of this test is to verify that the client system can receive and process an Committed Cross (C-Cross) Rejection message.

  • To run the Committed Cross (C-Cross) Rejection for Pre-Registered / On-Demand Format test:

Note: This test is used for both Pre-Registered and On-Demand formats. The above image shows the Pre-Registered version of the test.

  1. Submit a New Order Cross (35=s) with a quantity (→38-OrderQty) greater than 10 on each side.
  2. Receive and Process Business Reject (35=j).

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