FIX Certification User Guide V2.03
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The Derivatives Service Bureau (DSB)
FIX Certification Test
© 2017 The Derivatives Service Bureau (DSB) Limited. All Rights Reserved.
No part of this document may be photocopied, reproduced, stored in a retrieval system, or transmitted, in any form or by any
means whether, electronic, mechanical, or otherwise without the prior written permission of The Derivatives Service Bureau
(DSB) Limited London UK.
No warranty of accuracy is given concerning the contents of the information contained in this publication.
Proprietary Information
Derivatives Service Bureau (DSB) provides this publication “as is” without warranty of any kind, either express or implied, including but not
limited to warranties of merchantability. Occasionally, the author may apply changes to the information within this document and these
changes will be incorporated to subsequent revisions of this document. These periodic changes may include revisions to typographical
errors and technical inaccuracies.
Copyright Derivatives Service Bureau (DSB) © 2017
All company, product, and service names are hereby acknowledged
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Contents
Proprietary Information .......................................................................................................................... 2
Preface .................................................................................................................................................... 4
Change History .................................................................................................................................... 4
1
2
Introduction .................................................................................................................................... 4
1.1
Document Purpose ................................................................................................................. 4
1.2
Intended Audience .................................................................................................................. 4
1.3
Scope ....................................................................................................................................... 4
1.4
Contact Information................................................................................................................ 4
1.5
Functional Summary ............................................................................................................... 4
1.6
Document Structure................................................................................................................ 6
Site Preparation .............................................................................................................................. 6
2.1
FIX Conductor Setup ............................................................................................................... 6
2.1.1
2.2
3
Register New Client ......................................................................................................... 6
FIX Client Setup ....................................................................................................................... 6
2.2.1
Proxy Interface ................................................................................................................ 6
2.2.2
Simulated Interface ......................................................................................................... 6
FIX Conductor.................................................................................................................................. 7
3.1
Login ........................................................................................................................................ 7
3.2
Dashboard ............................................................................................................................... 7
3.2.1
Certification Progress ...................................................................................................... 7
3.2.2
Interfaces and Sessions ................................................................................................... 7
3.2.3
Profile and Questionnaire Progress ................................................................................ 8
3.2.4
Test Runner ..................................................................................................................... 8
3.3
Test Suite................................................................................................................................. 9
3.3.1
Session Level ................................................................................................................... 9
3.3.2
Create ISIN .................................................................................................................... 11
3.3.3
Search ISIN .................................................................................................................... 17
3.3.4
Subscribe ....................................................................................................................... 20
3.3.5
Retrieve ......................................................................................................................... 24
3.3.6
Search by Attributes...................................................................................................... 28
3.3.7
Error Codes.................................................................................................................... 30
3.3.8
ToTV Records ................................................................................................................ 40
3.4
Certification Report............................................................................................................... 44
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Preface
Change History
Date
Change
Version
Author
Revision Details
18 July 2017
06 Sept 2017
Creation
Update
1.00
2.00
Sheryl Tan
Sheryl Tan
29 Sept 2017
Amendment
2.01
Sheryl Tan
21 Feb 2018
Amendment
2.02
Sheryl Tan
28 June 2018
Modification
2.03
Hannah
Cabuyao/
Sheryl Tan
Initial Version
Added 3.3.5 Retrieve ISIN Record by
Attributes and 3.3.6 Search for ISIN
Records by Attributes
Added Business Message Reject on
Error Codes Test Suite
Updated sample fix messages to reflect
latest product definitions
Updated the Test Suite to include the
ToTV Records and “Other” Asset Class
Updated section 3.3.8:
SA2 – User searches for ToTV Records
by Attributes
SU9 – User subscribes to ToTV Records
-ToTV subscription feature withheld
until further notice
1
Introduction
1.1 Document Purpose
This document intends to provide a comprehensive guide on the FIX Client Certification by using the
FIX Conductor interface. The FIX certification process is designed to ensure that users connecting the
DSB via FIX are fully integrated in a robust manner. Successful completion of the DSB’s FIX Client
Certification is an important milestone in being on-boarded into the DSB’s production environment.
The client can rerun the certification test until completion of all the required test cases. The FIX
Conductor has a Reset Certification feature which will be discussed on the FIX Conductor section.
1.2 Intended Audience
Clients who use FIX that needs certification via FIX Conductor interface.
1.3 Scope
This document focuses on the use of FIX Conductor to setup the connectivity and test the
functionality of the FIX Client.
1.4 Contact Information
Please direct your questions or concerns on the FIX Conductor via email to technical.support@annadsb.com
1.5 Functional Summary
The FIX Conductor interface provides a real time testing service for the FIX Client certification. It
consists of several test cases to check the connectivity (i.e. Logon and Heartbeat) and functionality
(i.e. create, search, subscribe, retrieve) of the FIX Client. It has error code test to simulate the output
of the Security Request Result (560) for invalid request, system unavailable or business message
reject.
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Result of the test cases can be viewed on the client’s Test Dashboard. The client needs to pass all of
the required test cases in order to obtain the certification. Once the client has completed
successfully, a certification report is made available for the client and the DSB Technical Support.
The DSB Technical Support Admin has a dashboard to verify that a client has successfully completed
the test. The client can contact the DSB Technical Support Team for any issues that may arise while
completing the test.
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1.6 Document Structure
This document contains the following section:
Section Number
Title
Description
Section 1
Introduction
A brief introduction to this document providing background to the
purpose of the document and the FIX Conductor
Section 2
Site Preparation
Provides details of the tasks required before connectivity can take
place
Section 3
FIX Conductor
Documents the overview, test suites and messages of the FIX
Conductor
2
Site Preparation
2.1 FIX Conductor Setup
2.1.1 Register New Client
Once a client approaches the DSB seeking FIX connectivity to the DSB production environment, the
DSB Technical Support Admin will register the new client so that authorized users can access the FIX
Conductor.
Client’s Name, company email address and services (FIX_4.4 or FIX_5.0) to be used by the client will
be based on the Onboarding Form submitted by the client.
2.2 FIX Client Setup
Clients need to undertake the following preparation to connect to the DSB’s FIX Conductor interface:
• Select the FIX version to use: DSB FIX interface supports FIX5.0SP2 as well as FIX 4.4
• DSB operations will provide the following connectivity parameters as part of the client
registration details for access to the FIX conductor:
o Company identifiers ( CompID ); These are used throughout the FIX messages and
commonly configured in the FIX engine
o IP address of the DSB FIX Conductor
o Port for Proxy and Simulated interface
• Make any network/firewall configuration changes required to connect to the DSB FIX
Conductor.
• Verify that the DSB IP FIX Conductor addresses/port numbers are open and visible from any
machine that needs to connect to the FIX service.
• Configure the local FIX engine with the DSB FIX Conductor Hostname, Port, CompID
accordingly.
There are 2 types of Interface that the client needs to configure:
2.2.1 Proxy Interface
This is required for testing the Create, Search, Subscribe, Retrieve, Search by Attributes and Session
Level Test Suites. FIX Client will connect to the FIX Conductor which in turn will connect to the DSB
FIX servers to validate the FIX messages.
2.2.2 Simulated Interface
FIX Client will run in simulated mode to simulate the errors of the different test scenarios.
This is used for Error Codes Test Suite which is required for the client to complete the certification.
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3
FIX Conductor
3.1 Login
Client enters the Username and Password to login and access the dashboard.
3.2 Dashboard
3.2.1 Certification Progress
Certification progress can be viewed at a glance on the client dashboard.
To begin the certification, client needs to click the “Begin Certifying” button on the dashboard.
The green bar displays the % progress of the certification. Client needs to finish all the required test
cases to complete the certification.
Client has an option to choose “Practice” mode under Additional Actions to check the test cases.
Certification Report can be generated via “Save Report”. Results of all the test cases are saved on
this report.
For additional new test cases, these will reflect as new Service under the Certification Progress to be
completed by the client.
3.2.2 Interfaces and Sessions
The DSB Technical Support Admin will set the interface and session of the client based on the
preferred FIX version that the client will use and certify. SenderCompID, TargetCompID and port will
be sent to the client once registered. Please note that the Port which will reflect in this section is
NOT exactly the same with the proxy port and simulated port given to clients. The clients need to
configure the FIX Application using the credentials that will be sent to their email.
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3.2.3 Profile and Questionnaire Progress
The Questionnaire is used for optional test cases wherein client will answer the questionnaire at the
start of the certification and % Progress of the questionnaire will reflect on this tab. If all the test
cases are required, there will be no questionnaire progress on this section. Client can also edit the
User Profile and Client Profile on this tab.
3.2.4 Test Runner
Client needs to click the “Begin Certifying” or “Continue Certifying” button next to a service name on
the user dashboard to begin or continue the certification.
To start with the test cases, the client needs to enter the name and version of the FIX on the
Application Details field as shown below.
The test dashboard shows test suites broken down into test cases, with the option to run test as well
as when the test was last run, required or optional test case, and the result of the test.
Client has an option to reset certification which is located at the top right side of the Test dashboard.
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To access the test cases, click on the “Run Test” button next to a test case.
3.3 Test Suite
3.3.1 Session Level
There are 2 session level tests that are required to complete the certification.
SL1 - Logon and Heartbeat
Objective: Client sends a logon and waits for a logon response from the server. The client sends a
heartbeat and wait for a heartbeat in response.
To proceed with the test, client needs to login to FIX Client so that the FIX Conductor can check the
connectivity (35=A Logon) and heartbeat (35=0 Heartbeat).
8=FIX.4.4^A9=126^A35=A^A34=1^A49=SenderCompID^A50=SenderSubID^A52=2017061609:11:00.327^A56=TargetCompID^A57=TargetSubID^A98=0^A108=30^A141=Y^A553=Username^A5
54= password^A10=100^A
8=FIX.4.4^A9=85^A35=A^A34=1^A49= SenderCompID ^A50= SenderSubID ^A52=2017061609:10:57.269^A56= TargetCompID^A57=TargetSubID^A98=0^A108=30^A141=Y^A10=063^A
8=FIX.4.4^A9=67^A35=0^A34=2^A49= SenderCompID^A50=SenderSubID ^A52=2017061609:11:31.286^A56= A56=TargetCompID^A57=TargetSubID ^A10=225^A
8=FIX.4.4^A9=67^A35=0^A34=2^A49= SenderCompID ^A50= SenderSubID ^A52=2017061609:11:27.563^A56= A56=TargetCompID^A57=TargetSubID ^A10=228^A
FIX Conductor will check the session connection and heartbeat response to pass this test case.
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SL2 - Reconnect after abnormal disconnect
Objective: Client disconnects without sending a logout and then re-establishes connection and logs
on
Client needs to disconnect on FIX Client without sending a logout.
Once disconnected, client needs to relogin on FIX Client. The FIX Conductor will check the
connectivity and heartbeat.
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3.3.2 Create ISIN
Client needs to create an ISIN per Asset Class to test the scenarios below. Once ISIN has been
created, the FIX Conductor will display the result of the test.
CASE 1: Test Passed
The FIX Conductor will request client to create an ISIN for the specific asset class.
The following is a snapshot of the SecurityDefinitionRequest message (35=c) in the FIX log.
8=FIXT.1.1^A9=445^A35=c^A34=3^A49=SenderCompID^A50=SenderSubID^A52=2017092906:51:01.483^A56=TargetCompID^A57=TargetSubID^A55=[N/A]^A320=DREQ1^A321=1^A1184=331
^A1185={
"Header": {
"AssetClass": "Rates",
"InstrumentType": "Swap",
"UseCase": "Fixed_Fixed",
"Level": "InstRefDataReporting"
},
"Attributes": {
"NotionalCurrency": "EUR",
"ExpiryDate": "2029-07-05",
"NotionalSchedule": "Custom",
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"DeliveryType": "PHYS"
}
}^A10=110^A
The FIX Conductor will check for the Security Definition Request (35=c) for the new ISIN created.
Client can validate the details of the ISIN submitted on the SecurityXML (1185) or Request Product
Payload.
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The table below provides an explanation of the sample content:
Field
Begin String (8)
Body Length (9)
MsgType (35)
Description
FIX 5.0: Always set to: FIXT.1.1
FIX 4.4: Always set to: FIX4.4
Message length, in bytes, forward to
the CheckSum field. Always the
second field of the message.
Comment
MsgSeqNum (34)
c = SecurityDefinitionRequest
Request (or create) the ISIN for an
OTC derivative financial instrument
as identified by its unique attributes
Integer message sequence number
SenderCompID(49)
TargetCompID(56)
Client
DSB
Client Comp ID Configured for each
client
The DSB comp ID
SenderSubID(49)
TargetSubID(57)
Subclient
UAT
Client Sub Comp Configured for each
client
The DSB Sub Comp ID is configured
for each environment (i.e.: Demo /
UAT / Prod)
SendingTime (52)
Time of message transmission
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Symbol (55)
SecurityXMLLen (1184)
Use: “[N/A]”
Length of JSON record payload
SecurityXML(1185)
Request Product payload
SecurityReqID (320)
SecurityRequestType (321)
Identifies the request ID
0 = Request Security Identity And
Specifications
1 = Request Security Identity For
Specifications Provided
As per FIX specification
CheckSum(10)
{"Header": {
"AssetClass": "Rates",
"InstrumentType": "Swap",
"UseCase": "Fixed_Fixed",
"Level": "InstRefDataReporting"
},
"Attributes": {
"NotionalCurrency": "EUR",
"ExpiryDate": "2029-07-05",
"NotionalSchedule": "Custom",
"DeliveryType": "PHYS"
}
}
FIX Conductor will wait for the server to respond with a Security Definition (35=d).
The following is a sample of a SecurityDefinition message (35=d).
8=FIXT.1.1^A9=846^A35=d^A34=3^A49=TargetCompID^A50=TargetSubID^A52=2017092906:51:01.165^A56=SenderCompID^A57=SenderSubID^A22=4^A48=EZ5VM8R4T037^A55=[N/A]^A60=
2017092906:51:01.165^A320=DREQ1^A560=0^A1184=679^A1185={"Header":{"AssetClass":"Rates","Ins
trumentType":"Swap","UseCase":"Fixed_Fixed","Level":"InstRefDataReporting"},"Attrib
utes":{"NotionalCurrency":"EUR","ExpiryDate":"2029-07-05","Notional
Schedule":"Custom","DeliveryType":"PHYS","PriceMultiplier":1},"ISIN":{"ISIN":"EZ5VM
8R4T037","Status":"New","StatusReason":"","LastUpdateDateTime":"2017-0929T06:51:01"},"TemplateVersion":1,
"Derived":{"CommodityDerivativeIndicator":"FALSE","UnderlyingAssetType":"Fixed Fixed","SingleorMultiCurrency":"Single
Currency","IssuerorOperatoroftheTradingVenueIdentifier":"NA","FullNam
e":"Rates Swap Fixed_Fixed EUR 20290705","ShortName":"NA/Swap Fxd Fxd EUR
20290705","ClassificationType":"SRDYSP"}}^A1938=1^A10=044^A
Simultaneously, FIX Conductor will display the details of the SecurityDefinition (35=d) message. The
ISIN created will reflect on the SecurityXML (1185) which is the Record Payload.
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The table below provides an explanation of the sample content:
Field
SecurityXML(1185)
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Description
Record Payload
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Comment
{"Header":{"AssetClass":"Rates","Inst
rumentType":"Swap","UseCase":"Fix
ed_Fixed","Level":"InstRefDataRepor
ting"},"Attributes":{"NotionalCurrenc
y":"EUR","ExpiryDate":"2029-0705","Notional
Schedule":"Custom","DeliveryType":
"PHYS","PriceMultiplier":1},"ISIN":{"I
SIN":"EZ5VM8R4T037","Status":"Ne
w","StatusReason":"","LastUpdateDa
teTime":"2017-0929T06:51:01"},"TemplateVersion":1,
"Derived":{"CommodityDerivativeInd
icator":"FALSE","UnderlyingAssetTyp
e":"Fixed Fixed","SingleorMultiCurrency":"Sing
le
Currency","IssuerorOperatoroftheTr
28 June 2018
adingVenueIdentifier":"NA","FullNa
m
e":"Rates Swap Fixed_Fixed EUR
20290705","ShortName":"NA/Swap
Fxd Fxd EUR
20290705","ClassificationType":"SRD
YSP"}}
AssetClass (1938)
TransactTime (60)
SecurityRequestResult (560)
Filter the request to products of a
single asset class
1 = Interest rate
2 = Currency (Foreign Exchange)
3 = Credit
4 = Equity
5 = Commodity
6 = Other
Time of transaction
0 = Valid request
1 = Invalid or unsupported request
2 = No Instruments found that match
selection criteria
3 = Not authorized to retrieve
instrument data
4 = Instrument data temporarily
unavailable
CASE 2: Test Failed
Client sends an ISIN for Credit instead of Commodity Asset Class which the FIX Conductor is
expecting.
The following is a snapshot of the SecurityDefinitionRequest message (35=c) in the FIX log.
8=FIXT.1.1^A9=469^A35=c^A34=3^A49=SenderCompID^A50=SenderSubID^A52=2017092907:40:08.516^A56=TargetCompID^A57=TargetSubID^A55=[N/A]^A320=DREQ1^A321=1^A1184=355
^A1185={
"Header": {
"AssetClass": "Credit",
"InstrumentType": "Swap",
"UseCase": "Total_Return_Swap",
"Level": "InstRefDataReporting"
},
"Attributes": {
"NotionalCurrency": "EUR",
"ExpiryDate": "2029-11-25",
"Underlying": {
"InstrumentLEI": "20K7BBFL2B65D1GO0B40"
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}
}
}^A10=094^A
Asset Type failed due to asset class mismatch. The FIX Conductor was expecting for Commodity but
ISIN for Credit asset class was created.
3.3.3 Search ISIN
Client submits an ISIN per asset class to request the OTC product definition for an ISIN.
CASE 1: Test Passed
The client needs to send the ISIN provided in the FIX Conductor.
The following is a sample of a SecurityDefinitionRequest message (35=c) having an ISIN.
8=FIXT.1.1^A9=112^A35=c^A34=17^A49=SenderCompID^A50=SenderSubID^A52=2017092907:47:04.454^A56=TargetCompID^A57=TargetSubID^A22=4^A48=EZB6ZSG1NG20^A320=DREQ2^A32
1=0^A10=111^A
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The FIX Conductor will check for the Security Definition Request (35=c).
The FIX Conductor will wait for the server to respond with a Security Definition (35=d).
8=FIXT.1.1^A9=1028^A35=d^A34=17^A49=TargetCompID^A50=TargetSubID^A52=2017092907:47:04.155^A56=SenderCompID^A57=SenderSubID^A22=4^A48=EZB6ZSG1NG20^A55=[N/A]^A60=
2017092907:47:04.155^A320=DREQ2^A560=0^A1184=860^A1185={"Header":{"AssetClass":"Rates","Ins
trumentType":"Swap","UseCase":"Inflation_Fixed_Float_YoY","Level":"InstRefDataRepor
ting"},"Attributes":{"NotionalCurrency":"EUR","ExpiryDate":"2261-0725","ReferenceRate":"DEM-CPI-NRW","ReferenceRateTermValue":604,"ReferenceRateTermUnit":"YEAR","NotionalSchedule":"Accreting","DeliveryType":"C
ASH","PriceMultiplier":1},"ISIN":{"ISIN":"EZB6ZSG1NG20","Status":"New","StatusReaso
n":"","LastUpdateDateTime":"2017-0826T16:43:54"},"TemplateVersion":1,"Derived":{"ISOReferenceRate":"DEM-CPINRW","CommodityDerivativeIndicator":"FALSE","UnderlyingAssetType":"Inflation Rate
Index","SingleorMultiCurrency":"Single
Currency","IssuerorOperatoroftheTradingVenueIdentifier":"NA","FullName":"Rates Swap
Inflation_Fixed_Float_YoY DEM-CPI-NRW -604 YEAR 22610725","ShortName":"NA/Swap Infl
Idx EUR 22610725","ClassificationType":"SRGISC"}}^A1938=1^A10=011^A
Client can verify the product definition on the SecurityDefinition details in the FIX Conductor. The
test passed since the asset class of the ISIN submitted matched the expected asset class.
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CASE 2: Test Failed
Client inputs an ISIN except the Security ID listed in the FIX Conductor.
The following is a sample of a SecurityDefinitionRequest message (35=c) having an ISIN.
8=FIXT.1.1^A9=112^A35=c^A34=41^A49=SenderCompID^A50=SenderSubID^A52=2017092907:58:39.536^A56=TargetCompID^A57=TargetSubID^A22=4^A48=EZVQJ3CLCHH3^A320=DREQ3^A32
1=0^A10=157^A
The Test failed due to security ID did not match.
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3.3.4 Subscribe
Client needs to subscribe to Asset Class and send SubscriptionRequestType listed in the FIX
Conductor.
CASE 1: Test Passed
Client should subscribe to Rates Asset Class (1938=1) and send SubscriptionRequestType (263=0).
The table below provides an explanation of the sample content:
Name
SecurityListRequestType
Data Type
Int
Tag
559
Rq
Y
AssetClass
String
1938
N
SubscriptionRequestType
Char
263
Y
© 2018 DSB
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Description
2= Product: Filter the request to products of a single
asset class
4 = All Securities (that were created today, i.e. since
midnight).
Filter the request to products of a single asset class
1 = Interest rate
2 = Currency (Foreign Exchange)
3 = Credit
4 = Equity
5 = Commodity
6 = Other
0 = Snapshot
1 = Snapshot + updates
2 = Unsubscribe
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The following is a sample of a SecurityListRequest message (35=x). The request is for a snapshot of
Rates asset class.
8=FIXT.1.1^A9=104^A35=x^A34=54^A49=SenderCompID^A50=SenderSubID^A52=2017092908:04:19.018^A56=TargetCompID^A57=TargetSubID^A263=0^A320=LREQ7^A559=2^A1938=1^A10=
056^A
The following is a sample of a SecurityList message (35=y).
8=FIXT.1.1^A9=629778^A35=y^A34=65^A49=TargetCompID^A50=TargetSubID^A52=2017092908:04:20.574^A56=SenderCompID^A57=SenderSubID^A60=2017092908:04:20.568^A320=LREQ7^A393=716^A560=0^A146=716^A55=[N/A]^A48=EZ3K13MY0S
41^A22=4^A1938=1^A1184=988^A1185={"Header":{"AssetClass":"Rates","InstrumentType":"
Swap","UseCase":"Basis","Level":"InstRefDataReporting"},"Attributes":{"NotionalCurr
ency":"USD","OtherLegRe
ferenceRateTermUnit":"MNTH","ExpiryDate":"2017-0928","NotionalSchedule":"Constant","ReferenceRateTermValue":3,"OtherLegReferenceRate
TermValue":6,"ReferenceRate":"USD-LIBOR-BBA","ReferenceR
ateTermUnit":"MNTH","OtherLegReferenceRate":"USD-LIBORBBA","DeliveryType":"PHYS","PriceMultiplier":1},"ISIN":{"ISIN":"EZ3K13MY0S41","Stat
us":"Expired","StatusReason":"","LastUpdateDateTime
":"2017-0929T00:16:54"},"TemplateVersion":1,"Derived":{"ISOReferenceRate":"LIBO","ISOOtherLeg
ReferenceRate":"LIBO","CommodityDerivativeIndicator":"FALSE","UnderlyingAssetType":
"Basis Swap
(Float - Float)","SingleorMultiCurrency":"Single
Currency","IssuerorOperatoroftheTradingVenueIdentifier":"NA","FullName":"Rates Swap
Basis USD-LIBOR-BBA 3 MNTH USD-LIBOR-BBA 6 MNTH 20170928
","ShortName":"NA/Swap Flt Flt USD
20170928","ClassificationType":"SRACSP"}}^A55=[N/A]^A48=EZ27KTJ0TR86^A22=4^A1938=1^
A1184=837^A1185={"Header":{"AssetClass":"Rates","InstrumentType":"Swap"
,"UseCase":"Fixed_Float_Zero_Coupon","Level":"InstRefDataReporting"},"Attributes":{
"ReferenceRate":"GBP-LIBOR-BBA","ExpiryDate":"2049-0401","NotionalCurrency":"GBP","NotionalSchedule":"Con
stant","ReferenceRateTermValue":6,"ReferenceRateTermUnit":"MNTH","DeliveryType":"PH
YS","PriceMultiplier":1},"ISIN":{"ISIN":"EZ27KTJ0TR86","Status":"New","StatusReason
":"","LastUpdateDateTim
Client needs to Unsubscribe (SubscriptionRequestType 263=2) to OTC product definition for Rates to
proceed on the next test case.
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The following is a sample of a SecurityListRequest message (35=x) with SubscriptionRequestType
(263=2).
8=FIXT.1.1^A9=104^A35=x^A34=55^A49=SenderCompID^A50=SenderSubID^A52=2017092908:04:47.926^A56=TargetCompID^A57=TargetSubID^A263=2^A320=LREQ8^A559=2^A1938=1^A10=
069^A
The Test Console shows that the test passed.
CASE 2: Test Failed
If the Client subscribes to any Asset Class that is not requested by the FIX Conductor, the test will
fail.
In this example, the client should send Foreign Exchange Asset Class (1938=2) with Snapshot
+Updates SubscriptionRequestType (263=1).
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The following is a sample of a SecurityListRequest message (35=x) with tag 1938=3 (Credit) and
263=1 (Snapshot+Updates).
8=FIXT.1.1^A9=104^A35=x^A34=75^A49=SenderCompID^A50=SenderSubID^A52=2017092908:14:36.081^A56=TargetCompID^A57=TargetSubID^A263=1^A320=LREQ9^A559=2^A1938=3^A10=
064^A
The Test Console shows that the test failed due to AssetClass mismatch.
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3.3.5 Retrieve
The client can retrieve ISIN record by attributes to return the existing record if the ISIN record
already exists.
CASE 1: Test Passed
The FIX Conductor will request client to send Security Definition Request (35=c) having Security
Request Type (321=4) for the specific asset class.
The following is a snapshot of the SecurityDefinitionRequest message (35=c) having
SecurityRequestType (321=4) in the FIX log.
8=FIXT.1.1^A9=447^A35=c^A34=96^A49=SenderCompID^A50=SenderSubID^A52=2017092908:24:31.579^A56=TargetCompID^A57=TargetSubID^A55=[N/A]^A320=DREQ11^A321=4^A1184=33
1^A1185={
"Header": {
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"AssetClass": "Rates",
"InstrumentType": "Swap",
"UseCase": "Fixed_Fixed",
"Level": "InstRefDataReporting"
},
"Attributes": {
"NotionalCurrency": "EUR",
"ExpiryDate": "2029-07-05",
"NotionalSchedule": "Custom",
"DeliveryType": "PHYS"
}
}^A10=235^A
The FIX Conductor will check for the required tags and display the output of the test case.
If the request is valid, Security Request Result will display 560=0 and the JSON payload is available in
SecurityXML (1185) and it contains a valid ISIN identifier.
8=FIXT.1.1^A9=849^A35=d^A34=118^A49=TargetCompID^A50=TargetSubID^A52=2017092908:24:31.358^A56=SenderCompID^A57=SenderSubID^A22=4^A48=EZ5VM8R4T037^A55=[N/A]^A60=
20170929-08:24:31.358^A320=DREQ11^A560=0^A1184=679
^A1185={"Header":{"AssetClass":"Rates","InstrumentType":"Swap","UseCase":"Fixed_Fix
ed","Level":"InstRefDataReporting"},"Attributes":{"NotionalCurrency":"EUR","ExpiryD
ate":"2029-0705","NotionalSchedule":"Custom","DeliveryType":"PHYS","PriceMultiplier":1},"ISIN":{
"ISIN":"EZ5VM8R4T037","Status":"New","StatusReason":"","LastUpdateDateTime":"20170929T06:51:01"},"TemplateVersion":1,"Derived":{"CommodityDerivativeIndicator":"FALSE"
,"UnderlyingAssetType":"Fixed - Fixed","SingleorMultiCurrency":"Single
Currency","IssuerorOperatoroftheTradingVenueIdentifier":"NA","FullName":"Rates Swap
Fixed_Fixed EUR 20290705","ShortName":"NA/Swap Fxd Fxd EUR
20290705","ClassificationType":"SRDYSP"}}^A1938=1^A10=217^A
In case JSON payload is available in SecurityXML (1185) yet the ISIN identifier is empty, the Security
Request Result will display 560=2 which is no instruments found that match the selection criteria.
Other attributes like the CFI and FISN are populated.
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8=FIX.4.4^A9=835^A35=d^A34=233^A49=TargetCompID^A50=TargetSubID^A52=2017083109:46:05.299^A56=SenderCompID^A57=SenderSubID^A55=[N/A]^A60=2017083109:46:05.299^A320=DREQ13^A560=2^A1184=687^A1185={"Header":{"AssetCl
ass":"Rates","InstrumentType":"Swap","UseCase":"Fixed_Fixed","Level":"InstRefDataRe
porting"},"Attributes":{"NotionalCurrency":"EUR","ExpiryDate":"2389-0722","NotionalSchedule":"Accreting",
"PriceMultiplier":17057482.674599454,"DeliveryType":"PHYS"},"ISIN":{"ISIN":"","Stat
us":"New","StatusReason":"","LastUpdateDateTime":"2017-0831T09:46:05"},"TemplateVersion":1,"Derived":{"Co
mmodityDerivativeIndicator":"FALSE","UnderlyingAssetType":"Fixed Fixed","SingleorMultiCurrency":"Single
Currency","IssuerorOperatoroftheTradingVenueIdentifier":"NA","FullName":"Rates Swap
Fixed_Fixed EUR 23890722","ShortName":"NA/Swap Fxd Fxd EUR
23890722","ClassificationType":"SRDISP"}}^A1938=1^A10=015^A
The FIX Conductor will display the details of the Security Definition (35=d) message.
CASE 2: Test Failed
The test will fail if the client sends a Security Definition Request for a different asset class that the
FIX Conductor is expecting or if there are missing tags.
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The following is a snapshot of the SecurityDefinitionRequest message (35=c) in the FIX log.
8=FIXT.1.1^A9=550^A35=c^A34=115^A49=SenderCompID^A50=SenderSubID^A52=2017092908:33:59.165^A56=TargetCompID^A57=TargetSubID^A55=[N/A]^A320=DREQ12^A321=4^A1184=43
3^A1185={
"Header": {
"AssetClass": "Foreign_Exchange",
"InstrumentType": "Option",
"UseCase": "Vanilla_Option",
"Level": "InstRefDataReporting"
},
"Attributes": {
"NotionalCurrency": "EUR",
"ExpiryDate": "2025-05-12",
"OptionType": "PUTO",
"OptionExerciseStyle": "BERM",
"OtherNotionalCurrency": "USD",
"PriceMultiplier": 11785344.157333411
}
}^A10=233^A
Asset Type failed due to asset class mismatch. The FIX Conductor was expecting for Rates but
SecurityDefinitionRequest (35=c) for Foreign Exchange was sent.
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3.3.6 Search by Attributes
The client can search ISIN records by attributes that match the supplied criteria that is provided in
the Text(58) tag.
CASE 1: Test Passed
The FIX Conductor will request client to submit a Security List Request (35=x) having Subscription
Request Type (263=0) and non-empty Text (58).
The following is a sample of a SecurityListRequest message (35=x) having SubscriptionRequestType
(263=0) and non-empty Text (58).
8=FIXT.1.1^A9=140^A35=x^A34=23^A49=SenderCompID^A50=SenderSubID^A52=2017090511:52:05.415^A56=TargetCompID^A57=TargetSubID^A58=/Attributes/ExpiryDate:2017-0801^A263=0^A320=LREQ7^A559=4^A1181=0^A10=024^A
The following is a sample of a SecurityList message (35=y). A valid response contains
• SecurityRequestResults(560)=Valid Request(0)
• TotNoRelatedSym(393): The total number of ISIN records that matches the search criteria
• NoRelatedSym(146): The number of ISIN records in this message
• ApplSeqNum(1181): as supplied by the user
8=FIXT.1.1^A9=1931^A35=y^A34=22^A49=TargetCompID^A50=TargetSubID^A52=2017090511:52:05.397^A56=SenderCompID^A57=SenderSubID^A58=/Attributes/ExpiryDate:2017-0801^A60=20170905-11:52:05.396^A320=LREQ7^A393=2^A560=0
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^A1181=0^A146=2^A55=[N/A]^A48=EZ84H1HTRFT4^A22=4^A1938=5^A1184=892^A1185={"Header":
{"AssetClass":"Commodities","InstrumentType":"Forward","UseCase":"Forward","Level":
"InstRefDataReporting"},"Attributes":{"NotionalCurrency":"EUR","ExpiryDate":"201708-01","ReturnorPayoutTrigger":"Contract for Difference
(CFD)","DeliveryType":"CASH","BaseProduct":"AGRI","TransactionType":"FUTR","FinalPr
iceType":"ARGM","ReferenceRate":"A Fuel oil 0.1%S -waterborne spot Tokyo bay rim
intelligence
products","PriceMultiplier":1,"SubProduct":"GROS","AdditionalSubProduct":"FWHT"},"I
SIN":{"ISIN":"EZ84H1HTRFT4","Status":"Expired","StatusReason":"","LastUpdateDateTim
e":"2017-0905T11:51:28"},"TemplateVersion":1,"Derived":{"CommodityDerivativeIndicator":"TRUE",
"UnderlyingAssetType":"Agriculture","IssuerorOperatoroftheTradingVenueIdentifier":"
NA","FullName":"Commodities Forward AGRI GROS FWHT EUR
20170801","ShortName":"NA/Fwd AGRI FWHT EUR
20170801","ClassificationType":"JTAXCC"}}^A55=[N/A]^A48=EZ3B46BRHK59^A22=4^A1938=3^
A1184=764^A1185={"Header":{"AssetClass":"Credit","InstrumentType":"Option","UseCase
":"Index_Swaption","Level":"InstRefDataReporting"},"Attributes":{"NotionalCurrency"
:"EUR","ExpiryDate":"2017-0801","UnderlyingInstrumentISIN":"EZB495ZWSFD3","OptionType":"CALL","OptionExerciseSt
yle":"AMER","ValuationMethodorTrigger":"Vanilla","UnderlyingAssetType":"CDS on
Index","DeliveryType":"CASH","PriceMultiplier":1},"ISIN":{"ISIN":"EZ3B46BRHK59","St
atus":"Expired","StatusReason":"","LastUpdateDateTime":"2017-0905T11:52:00"},"TemplateVersion":1,"Derived":{"CommodityDerivativeIndicator":"FALSE"
,"IssuerorOperatoroftheTradingVenueIdentifier":"NA","FullName":"Credit Option
Index_Swaption EZB495ZWSFD3 EUR 20170801","ShortName":"NA/CDS Idx Swt EUR
20170801","ClassificationType":"HCIBVC"}}^A10=253^A
The FIX Conductor will check for the required tags and will display the result of the test case.
CASE 2: Test Failed
If the Client sends SecurityListRequest message (35=x) having SubscriptionRequestType (263=0) but
there are missing tags, then the test will fail.
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The following is a sample of a SecurityListRequest message (35=x) having SubscriptionRequestType
(263=0) with incomplete tags.
8=FIXT.1.1^A9=97^A35=x^A34=12^A49=SenderCompID^A50=SenderSubID^A52=2017090614:32:26.393^A56=TargetCompID^A57=TargetSubID^A263=0^A320=LREQ15^A559=4^A10=155^A
The FIX Conductor is expecting for non-empty Text(58) and ApplSeqNum(1181).
3.3.7 Error Codes
Client needs to connect on Simulated mode to test the output of the error codes.
CR6 - User submits a malformed payload
Objective: Client submits a Security Definition Request with invalid OTC product definitions
In this case, client needs to submit an invalid OTC product definition.
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The following is a snapshot of Security Definition Request with invalid asset class.
Security Request Result (560) shows Invalid or Unsupported Request due to invalid asset class “IR”.
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CR7 - Unauthorized user attempts to create an ISIN
Objective: Unauthorized client submits a Security Definition Request for which the client gets an
error
Client creates a new ISIN but is not authorized to submit a Security Definition Request.
Security Request Result (560) shows that the client is not authorized to retrieve Instrument Data.
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Information of the Security Request Result(560) is available in Text(58) attribute.
CR8 - User requests for a new ISIN when the system is unavailable
Objective: Client submits a Security Definition Request when the system is unavailable for which the
client gets an error
Client sends a request for an ISIN assuming the system is unavailable.
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Security Request Result (560) shows that the Instrument data temporarily unavailable (4).
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SE6 - User requests OTC product definition for a non-existent ISIN
Objective: Client submits a Security Definition Request with SecurityID set as a non-existing ISIN.
Client sends an invalid (non-existing) ISIN.
Security Request Result (560) shows No Instrument Found (2) due to non-existing ISIN.
Information of the Security Request Result(560) is available in Text(58) attribute.
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SU7 - User attempts to subscribe to OTC product definitions by submitting invalid message
Objective: Client submits a Security List Request with invalid values for which the client gets an error
Client can send any Security List Request to test this error code.
Security Request Result (560) shows Invalid or Unsupported Request (1).
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SU8 - User attempts to subscribe to OTC product definitions when the system is unavailable
Objective: Client submits a Security List Request when the system is unavailable for which the client
gets an error
Client subscribes to any asset class to test this scenario.
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Security Request Result (560) shows Instrument Data Temporarily Unavailable (4).
TH1 - User sends Security Definition Request in a burst and receives Business Message Reject
Objective: Client sends Security Definition Request in a burst and receives Business Message Reject
To simulate this test case, client will be requested to send a Security Definition Request message.
This will be multiplied to several Security Definition Request messages and will be sent in a burst.
Client will receive BusinessMessageReject (35=j) having business MessageRejectReason (380) =
Throttle Limit Exceeded (8) and RefMsgType (372) value = c.
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TH2 - User sends Security List Request in a burst and receives Business Message Reject
Objective: Client sends Security List Request in a burst and receives Business Message Reject
To simulate this test case, client will be requested to send a Security List Request message. This will
be multiplied to several Security List Request messages and will be sent in a burst.
Client will receive BusinessMessageReject (35=j) having business MessageRejectReason (380) =
Throttle Limit Exceeded (8) and RefMsgType (372) value = x.
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3.3.8 ToTV Records
RE7 - User retrieves ToTV Record by ISIN
Objective: Client submits Security Definition Request to retrieve ToTV Record by ISIN
Client needs to send Security Definition Request (35=c) with Security Request Type (321=6) for
Product to return the ToTV Record for an existing ISIN.
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Client will receive Security Definition (35=d) with the ToTV record.
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SA2 – User searches for ToTV Records by Attributes
Objective: Client submits a Security List Request having non-empty Text(58) and Security List Type to
search for ToTV records
To search for ToTV records, there is a need to add SecurityListType(1470)=100 to the
SecurityListRequest(35=x) message. Single ISIN only can be specified in the search criteria for the
ToTV data.
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Client will receive Security List (35=y) for the ToTV records.
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SU9 – User subscribes to ToTV Records
ToTV subscription feature withheld until further notice.
3.4 Certification Report
Upon completion of the required test cases, a summary of the result of each test case will reflect on
the certification report.
o
o
Finalize and Submit – Certification for the service is completed and Certification Report is
made available to the DSB Technical Support Admin and the client.
Continue Certification – This will allow the client to continue optional test cases and rerun
passed test cases.
The following is a sample of the Certification Report with the details of the Test Cases, Date Run,
User and Result of the Test Cases.
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Source Exif Data:
File Type : PDF File Type Extension : pdf MIME Type : application/pdf PDF Version : 1.7 Linearized : No Page Count : 45 Language : en-PH Tagged PDF : Yes XMP Toolkit : 3.1-701 Producer : Microsoft® Word 2016 Creator : Will Palmer Creator Tool : Microsoft® Word 2016 Create Date : 2018:06:28 19:53:01+08:00 Modify Date : 2018:06:28 19:53:01+08:00 Document ID : uuid:1FF6430E-F0EF-43F0-89D6-ADE8F2F0E9B3 Instance ID : uuid:1FF6430E-F0EF-43F0-89D6-ADE8F2F0E9B3 Author : Will PalmerEXIF Metadata provided by EXIF.tools