Manage GTC / GTD Order LifeTime for Pre-Registered / On-Demand Format

The purpose of this test is to verify that the client system can submit orders and process corresponding responses for each eligible TimeInForce (GTC and GTD).

  • 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 the linked test.
  2. Use the Instrument(s) drop down menu to choose an instrument and channel and click SELECT.

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.

  • To run the manage GTC / GTD Order Lifetime 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. Over an iLink connection, submit a Limit GTC Order [35=D (tag 40-OrdType=2, tag 59-TimeInForce=1)] for the instrument with a quantity (tag 38-OrderQty) greater than 1.
  2. Receive and process Execution Report - New Order (35=8, 39=0).
  3. Receive and process Execution Report - Trade Outright (35=8, 39=1,2).
  4. Submit a Limit GTD Order [35=D (tag 40-OrdType=2, tag 59-TimeInForce=0)] for the instrument with a quantity (tag 38-OrderQty) greater than 1.
  5. Receive and process Execution Report - New Order (35=8, 39=0).
  6. Receive and process Execution Report - Trade Outright (35=8, 39=1,2).