Mass Quote Submission

The purpose of this test is to verify that the client system can submit a Mass Quote and receive and process the Acknowledgment, Fill, Trade Correction, Trade Cancellation and Reject messages.

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 Mass Quote Submission 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 a two-sided Mass Quote with at least 3 quotes from the same instrument group, each having a quantity greater than 10. A partial fill, complete fill, trade correction and trade cancellation will be simulated from this Mass Quote.
  2. Select Yes or No to indicate whether your system received and processed the Mass Quote Acknowledgment.
  3. Select Yes or No to indicate whether your system received and processed the Execution Report - Trade Outright (Partially Filled).
  4. Enter the tag 31-LastPx value to indicate that your system received the Execution Report - Trade Addendum Outright (Correction).
  5. Select Yes or No to indicate whether your system received and processed the Execution Report - Trade Outright (Filled).
  6. Select Yes or No to indicate whether your system received and processed the Execution Report - Trade Addendum Outright (Cancellation).
  7. Submit a two-sided Mass Quote for the instrument with at least 2 quotes from the same instrument group. A market close will be simulated so an Acknowledgment Reject message will be returned from this Mass Quote.
  8. Select Yes or No to indicate whether your system received and processed the Mass Quote Acknowledgment - Reject message.
  9. Submit a two-sided Mass Quote for the instrument with at least 2 quotes from the same instrument group, each having a quantity greater than 10. The system will change the price of one quote to simulate a rejected quote.
  10. Select Yes or No to indicate whether your system received and processed the Mass Quote Acknowledgment.
  11. Select Yes or No to indicate whether your system received and processed the Execution Report - Trade Outright (Filled).