Multiple Cancel Replace

The purpose of this test is to verify that the client system can submit an order and then modify it several times (price, quantity) with and without a change of priority in the book.

Pre-Registered or On-Demand Format

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

 

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

1. To run a Multiple Cancel Replace test:

1. Select a SenderComp from the drop-down and select ASSIGN if a SenderComp is not already assigned.
2. From the Contracts drop-down, select the desired contract if the contract is not already locked.
3. Select the START TEST button.

Note: DO NOT select the START TEST button once the test is in progress.

4. Over an iLink connection, submit a Limit Day Order for the instrument.
5. Select Yes or No to indicate whether your system received and processed the Execution Report - New Order.
6. Submit an Order Cancel/Replace Request for the instrument, changing the quantity.
7. Select Yes or No to indicate whether your system received and processed the Execution Report - Modify.
8. Submit an Order Cancel/Replace Request for the instrument, changing the price.
9. Select Yes or No to indicate whether your system received and processed the Execution Report - Modify.
10. Submit an Order Cancel/Replace Request for the instrument, changing the price and quantity.
11. Select Yes or No to indicate whether your system received and processed the Execution Report - Modify.
12. Select Yes or No to indicate whether your system received and processed the Execution Report - Trade Outright.