The Lab

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Client must be able to handle Venue-termination of active RFS - either due to the Venue stream timeout, or because the counterparty dealt away, or because the counterparty canceled the request.

Quote

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Quote messages must be generated for all the permutations and combinations of QuoteRequest above.

Checks must be made against the following attributes:

  • QuoteIDs  - Uniqueness is verified.
  • QuoteType - various combinations of Indicative/Tradeable for Bid and/or Offer.
  • Price precision - very important for Fwds. Refer to Whisperer Enterprise - Prices and Quantities.
  • Regulatory - All regulatory regimes must be explicitly declared as in or out of scope. In scope regimes must be demonstrated to populate the required regf. fields correctly:
    • MTF - EDM/IDM - missing, wrong, correct - Client must observe and understand the Venue behaviour for each scenario. Refer to Regulatory Fields FAQ.
    • SEF
    • OFF

NewOrderMultileg

Client must be able to receive orders for all the permutations and combinations of QuoteRequest above.

Execution Report


Accept
Reject (e.g. Credit Check failure)
Regulatory
SEF
MTF
OFF

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