Market Limit / Order Tests

The purpose of this test is to verify the client system can submit and cancel a market-limit / market order and process the Acknowledgement and Fill messages for an outright instrument.

  • 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 linked tests (below), then proceed to the 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.

Market-Limit Order Test for Pre-Registered Format / On-Demand Format

The purpose of this test is to verify the client system can submit and cancel a market-limit order and receive and process the Acknowledgement and Fill messages for an outright instrument.

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

  • To run the Market-Limit Order test:
  1. Over an iLink connection, submit Market-Limit Order (35=D) message with a quantity greater than 1 (tag 38-OrderQty).
  2. Receive and Process Execution Report - New Order (35=8, 39=0) message.
  3. Receive and Process Execution Report - Trade Outright (35=8, 39=1,2) message.
  4. Submit an Order Cancel Request message for the remaining quantity left on the original order (tag 2422-OrderRequestID) submitted.
  5. Receive and process Execution Report - Cancel message.

back to top

Market Order Test for Pre-Registered Format /On-Demand Format

The purpose of this test is to verify the client system can submit and cancel a market order and receive and process the Acknowledgement and Fill messages for an outright instrument.

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

  • To run the Market Order test:
  1. Over an iLink connection, submit Market Order (35=D) message with a quantity greater than 1 (tag 38-OrderQty).
  2. Receive and Process Execution Report - New Order message.
  3. Receive and Process Execution Report - Trade Outright message.
  4. Submit an Order Cancel Request message for the remaining quantity left on the original order submitted.
  5. Receive and process Execution Report - Cancel message.

back to top