Minimum Quote Life (MQL) - Order Cancel Replace

The purpose of this test is to verify the client system can submit and modify a GFS limit order and receive and process the Execution Report Pending Replace and Order Cancel Replace Reject

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.

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 Minimum Quote Life (MQL) - Order Cancel Replace test:

1. Over an iLink connection, submit a GFS Limit Order message.
2. Receive and Process Execution Report - New Order message.
3. Submit an Order Cancel/Replace Request for the instrument, changing the quantity within the MQL period.
4. Receive and process Execution Report - Pending Replace.
5. Submit an Order Cancel/Replace Request for the instrument, changing the price within the MQL period.
6. Receive and process Execution Report - Pending Replace for the second modification.
7. Receive and process Order Cancel Replace Reject for the first modification.
8. At the end of MQL period, receive and process Execution Report - Modify for the second modification.