Sandbox mock ISINs

To enable testing of different scenarios on the client side, we offer a range of ISINs, which are programmed to behave in a predefined way in our Sandbox environment.

The following lists give you an overview of these ISINs and their expected behaviour, including the order & execution webhooks.

Price simulations

The ISINs listed here are designed to execute successfully in the Sandbox.

Please note that for the ISINs listed here, the tax withholding is randomly assigned and may be 0. To test the taxation, use the ISINs from the section Taxation simulations below.

The ISINs have the following behaviour and bid/offer prices:

Order & execution webhooks

Success flow ISINs have the following expected order and execution webhooks:

1. ORDER.NEW

2. ORDER.PROCESSING

3. EXECUTION.FILLED

4. ORDER.FILLED

5. EXECUTION.SETTLED

In the Upvest Sandbox environment, order executions are settled immediately, i.e. not on T+2.

Cancellation simulations

The ISINs listed here are designed to mock different cancellation flows.

These ISINs have the following behaviour:

Limit & stop order simulation

If you want to test limit and stop orders, you can use the following ISIN with prices oscillating every hour between 200.00 and 300.00.

Please note that for the ISINs listed here, the tax withholding is randomly assigned and may be 0. To test the taxation, use the ISINs from the section Taxation simulations below.

For more information how to place an order, see also the Placing an Order guides.

Order & execution webhooks

Orders are being cancelled in the PROCESSING state:

1. ORDER.NEW

2. ORDER.PROCESSING

3. ORDER.CANCELLED

Upvest will soon offer more transparency on cancellation reasons via webhooks. We will also document these changes in this section.

Taxation simulations

We provide some ISINs to test the tax withholding for sell orders.

Tax simulations only apply to German equities.

Portfolio orders with mutual funds

Unlike the instant execution of ETFs, mutual funds are only executed once a day. You can test the delayed execution behaviour between ETFs and mutual funds by creating a portfolio allocation with any ETF instrument and one or both of the mutual funds listed here:

• IE00B42W4L06 - Vanguard Global Small-Cap Index Fund EUR Acc
• IE00B18GC888 - Vanguard Global Bond Index Fund EUR Hedged Acc

Learn more about how to enable portfolio investments here.

For the execution of portfolio orders, Upvest uses the block order functionality. To enable fast implementation and testing, we typically configure a block order execution every 15 minutes from Monday to Friday between 8am and 8pm. However, the execution time can be changed if you have other preferences.

Example Assuming a portfolio order with a single ETF and a single mutual fund is placed at 8am on a trading day, the expected behaviour for orders and executions is as follows (learn more about the lifecycle of portfolio orders here):

1. All individual orders (ETF and mutual fund) are created immediately (Order.NEW)

2. The ETF is processed and executed at 8.15am (Order.PROCESSING followed by EXECUTION.FILLED and immediate EXECUTION.SETTLED)

3. The mutual fund is processed and executed 18 minutes later at 8:33am (Order.PROCESSING followed by EXECUTION.FILLEDand immediate EXECUTION.SETTLED)