Validation of Order Origination Code and Account Type Code

The May 3, 2011 version of the OATS Reporting Technical Specifications introduces a new field called the “Order Origination Code” on all New Order Type Reports (New Order, Combined Order/Route, Combined Order/Execution, Cancel/Replace).  Among other things, it also redefines the Account Type Code.  The addition of the Order Origination Code and the modifications to the Account Type Code will have an impact on OATS validations and resulting rejections.

 

To assist programmers with system coding for the release of the May 3, 2011 OATS Reporting Technical Specifications, FINRA is publishing this companion grid to show acceptable combinations of the new and repurposed codes populated on New Order Type Reports.  This document should be used in conjunction with the May 3, 2011 version of the OATS Reporting Technical Specifications. Additional information on the associated validations can be found in Appendix B of the OATS Reporting Technical Specifications.

 

Field names referenced in the grid are defined below:

 

  • Order Origination Code – Identifies whether the order was received from a customer, originated by the firm, or received from another Broker/Dealer.
  • Account Type Code – Represents the type of beneficial owner of the account for which an order was received or originated.
  • Member Type Code – Indicates from where the order was received.  
     

 

Order Origination Code

F – Order was received from a customer or originated with the Firm W – Received from another Broker/Dealer
Account Type Codes Member Type Codes
A – Institutional Customer A – Affiliate, Not a FINRA Member

N – Not a FINRA Member
C – Combined
E – Employee Account
I – Individual Customer
O – Market Making M – FINRA Member

N – Not a FINRA Member
P – Other Proprietary
X – Error Account

 

Routing Information
Routing Firm MPID Must be blank
Routed Order ID May be populated, Not Required
Account Type Codes Member Type Codes
A – Institutional Customer A – Affiliate, Not a FINRA Member

C – ECN

E – Excluded

M – FINRA Member

N – Not a FINRA Member
C – Combined
E – Employee Account
I – Individual Customer
O – Market Making
P – Other Proprietary
U – Unknown
X – Error Account

 

Routing Information
Routing Firm MPID Required to be populated with a FINRA MPID when Member Type Code is C, E, or M
Routed Order ID Required if Received Method Code is E

 

The changes described in this document are scheduled to be available for testing in the OATS Certificate Test environment on August 22, 2011 and are scheduled to go into the OATS Production environment on October 17, 2011.


Please contact the OATS Helpdesk at 1-800-321-6273 with any questions.