Only Best Order

The purpose of this test is to verify that your application can:

  • submit an Only Best limit order
  • receive and process the Execution Reports

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 an Only Best Order 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.

  1. Over an iLink connection, send an Only Best Order message with quantity greater than 1 and a price that makes it to the top of the book as best order.
  2. Select Yes or No to indicate whether your system received and processed the Execution Report - New Order message.