Stop Limit / Order Tests

The purpose of this test is to verify the client system can submit and cancel a stop limit / stop 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.

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

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

  1. Over an iLink connection, submit Stop Limit Order (35=D) message with a quantity (tag 38-OrderQty) greater than 1.
  2. Receive and Process Execution Report - New Order (35=8, 39=0) message.
  3. Receive and Process Execution Report - New Order (35=8, 39=0) message when the stop price (tag 99-StopPx) is triggered.
  4. Receive and Process Execution Report - Trade Outright (35=8, 39=1,2) message.
  5. Submit an Order Cancel Request (35=F) message for the remaining quantity left on the original order submitted.
  6. Receive and process Execution Report - Cancel message.

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

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

  1. Over an iLink connection, submit Stop 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 - New Order message when the stop price (tag 99-StopPx) is triggered.
  4. Receive and Process Execution Report - Trade Outright message.
  5. Submit an Order Cancel Request (35=F) message for the remaining quantity left on the original order (tag 2422-OrderRequestID) submitted.
  6. Receive and process Execution Report - Cancel message.

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