Stop Order

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

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 Stop Order test:
  1. Select a SenderComp from the drop-down and select ASSIGN if a SenderComp is not already assigned.
  2. Click the "START TEST" button.

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

  1. Over an iLink connection, submit Stop Order message with a quantity greater than 1.
  2. Select Yes or No to indicate whether your system received and processed the Execution Report - New Order message.
  3. Select Yes or No to indicate whether your system received and processed the Execution Report - New Order message when the stop price is triggered.
  4. Select Yes or No to indicate whether your system received and processed the Execution Report - Trade Outright message.
  5. Submit an Order Cancel Request message for the remaining quantity left on the original order submitted.
  6. Select Yes or No to indicate whether your system received and processed the Execution Report - Cancel message.