Changes to Order/Trade Matching Requirements for OTC Equity Securities

As previously announced, FINRA will launch a new OTC Reporting Facility (ORF) technology platform for the reporting of transactions in OTC equity securities (i.e., non-NMS stocks) on November 17, 2014 (view more information on the ORF migration). As part of the ORF platform migration, a new field is being added to the trade report message for both the FIX and CTCI protocols specifically for the purpose of linking OATS Execution Reports to the related ORF trade report. As a result, the Branch/Sequence number field on ORF trade reports will no longer be used to link OATS Execution Reports to the related ORF trade report. To reflect this ORF change, the Branch/Sequence Number field on the OATS Execution Report is being renamed the "OATS Trade ID". This name change will be reflected in the next published version of the OATS Reporting Technical Specifications.

 

Effective November 17, 2014, firms will need to use the field mappings below to link OATS Execution Reports to the related ORF trade report.

 

OATS Report FieldORF Report Field

Firm MPID

FIX

  • Combination of Tag 448 (PartyID) and Tag 452 (Executing Firm, Contra Firm, GiveupFirm)

CTCI

  • EPID, CPID, EPGU, or CPGU

Issue Symbol ID

FIX

  • Combination of Tag 55 (Symbol) and Tag 65 (SymbolSfx)

CTICI

  • Symbol

OATS Trade ID (Formerly Branch/Sequence Number)

FIX

  • Tag 376 (Compliance ID)

CTCI

  • OATS Identifier
  • Contra OATS Identifier

Execution Timestamp

FIX

  • Tag 75 (TradeDate)
  • Tag 22007(ExecutionTime)

CTCI

  • Execution Date
  • Execution Time

 

Please contact the OATS Helpdesk at 1-800-321-6273 with any questions related to this report.