Modify Quote Price and Quantity

The purpose of this test is to verify that the client system can modify the price and quantity for quote entries, including zero-out cancellation.

Pre-Registered or On-Demand Format

Note: This test is used for both Pre-Registered and On-Demand formats. The image below 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 Modify Quote Price and Quantity test:

1. From the Contract drop-down, select the desired contract if the contract is not already locked.
2. Click the "START TEST" button.

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

3. Over an iLink connection, submit a two-sided Mass Quote with at least 2 quotes from the same instrument group.
4. Select Yes or No to indicate whether your system received and processed the Mass Quote Acknowledgment.
5. Submit a two-sided Mass Quote with one of the same quotes used in the original Mass Quote (using the same security description and quote entry ID), modifying the price and quantity of a quote.
6. Select Yes or No to indicate whether your system received and processed the Quote Acknowledgment message.