The OATS Report
FINRA publishes information about the Order Audit Trail System (OATS) on a regular basis via an online newsletter titled The OATS Report. In this publication the OATS team informs FINRA member firms of the latest regulatory and technical OATS-related topics. If there are areas you would like to see discussed here, please send us an email for consideration. See below for the latest OATS Report.
February 1, 2012
The OATS Report Index
View an index of past OATS Reports below. For your convenience they have been categorized in groups related to
Compliance
Reporting Requirements
- FINRA Guidance on OATS Order Trade Matching Obligations for Orders Matched as Agent by a Member, including an ECN or ATS (1/12/11)
- NASDAQ OMX PSX and OATS (4/14/10)
- Direct Edge Exchange Registration—OATS Impacts (3/19/10)
- FINRA Guidance on OATS Reporting Obligations When Handling Orders on an Agency Basis (4/29/09)
- BATS Exchange Registration—OATS Impacts (8/18/08)
- Error Account Type Code (8/4/08)
- OATS Reporting for Negotiated Trades (8/4/08)
- NASDAQ BX and OATS (4/14/08)
- OTC Equity Securities (11/21/07)
- Additional Guidance Regarding the OATS Routing Method Code of “I” and Special Handling Code of “ISO” (7/12/07)
- New Market Center ID for NASD/NYSE Trade Reporting Facility (4/16/07)
- New Market Center ID for Proposed NASD/BSE Trade Reporting Facility (10/24/06)
- New Market Center ID for Proposed NASD/NSX Trade Reporting Facility (9/25/06)
- OATS Route Matching to the NASDAQ Single Book (10/12/06)
- Additional Guidance Regarding the Smart Router Routing Method Code “S” (8/7/06)
- NASD Provides Additional Guidance Regarding OATS Reporting Changes Related to NASDAQ Exchange Registration (6/13/06)
- NASDAQ Exchange Registration - OATS Reporting Changes (3/15/06)
- OATS PHASE III -Differences between Reporting Member Exclusion and Exemptive Relief from the OATS Reporting Requirements (1/18/06)
- OATS Reporting of Manually Received Orders Executed On an Agency Post-Trade Allocation Basis (9/21/05)
- OATS Reporting Obligations for Agency Orders (6/22/05)
Note: This report has been superseded by the article published on 4/29/09 entitled 'FINRA Guidance on OATS Reporting Obligations When Handling Orders on an Agency Basis.' - NASD Provides Additional Guidance on OATS Reporting Obligations for Orders Routed to SuperMontage (5/31/05)
- OATS Compliance Sweeps (3/24/05)
- OATS Reporting Obligations for Modifications to Executed Orders (01/14/05)
- Requirements Regarding the Reporting of Routed Order IDs Transmitted Between Firms and ECNs (12/17/04)
- Passing Routed Order IDs via ACES (12/17/04)
- Matching OATS Routed Order IDs on Orders Routed via Nasdaq's ACES System (9/2/04)
- OATS Cancel Reports Not Needed for Unexecuted IOC or FOK Orders (4/6/04)
- Reportable Electronic Orders (4/6/04)
- Phase 3 Firms: Compliance Check (10/30/03)
- OATS Reporting Responsibilities for Firms Using Multiple MPIDs (6/27/03)
- Firm Responsibilities When Using "Intelligent" Order/Routing Systems (3/3/03)
- Potential Misuse of Cancel Reports (3/3/03)
- OATS Reporting Responsibilities for Orders Routed to, or Executions Reported on, Other Securities Exchanges (12/19/02)
- Reporting Trailing Stop Orders to OATS (10/21/02)
- Orders Executed in a Riskless Principal Capacity (10/21/02)
- Reminder of OATS Reporting Obligations (8/28/02)
- Proper Use of Cancel, Cancel/Replace and Correction Reports and Deletions (4/15/02)
- Account Type Code (4/15/02)
- Obligations to Report the Routed Order ID (2/12/02)
- Late Reporting (8/16/01)
- Important Fields on OATS New Order Reports (6/29/01)
- Riskless Principal Reporting to OATS: The Alternative Approach (4/19/01)
- Reporting Riskless Principal Executions to OATS (2/1/01)
- Routed Orders to Nasdaq Execution Systems (12/4/00)
- After-Hours Orders Required to be Submitted to OATS (10/5/00)
- Data Integrity Issues (10/5/00)
- Identifying the Order Receiving Firm in the FORE and the ROE (11/2/99)
- Reporting Clarifications (11/2/99)
Supervision
- Preliminary Version of OATS Compliance Report Card — Available for June 2009 (6/16/09)
- OATS Supervisory vs. Operational Procedures (4/16/04)
- Firm Supervisory Responsibilities When Using Another Entity to Transmit OATS Data on the Firm's Behalf (2/10/04)
- OATS and Third Party Contracts (2/10/04)
- Supervisory Logs and the Enforcement of Written Supervisory Procedures (2/10/04)
- OATS Integrated Sweep (6/21/02)
- OATS Compliance Sweeps (6/29/01)
- OATS Compliance Guidelines (6/29/01)
- OATS Written Supervisory Procedures (2/1/01)
- OATS Written Supervisory Procedures (12/4/00)
Technical
System Releases and Enhancements
- Validation of Order Origination Code and Account Type Code (1/11/11)
- Limit Order Display Indicator Renamed Customer Instruction Flag (2/3/09)
- OATS IFT/FTP Server Migration (8/8/08)
- FINRA Rebranding Impacts to OATS Submissions (8/23/07)
- OATS Email Certificate Renewal Instructions (8/23/07)
- Interfirm Route Matching Statistics Available on OATS Website Beginning July 14, 2004 (7/9/04)
- New Order, Combined Order/Route, Execution and Combined Order/Execution Reports (7/9/04)
- OATS Reporting Mechanisms (8/22/03)
- OATS User Accounts: Proper Maintenance to Avoid Security Risks (8/22/03)
- Routing Method Code Validation Matrix (5/2/03)
- Received Method Code Validation Matrix (5/2/03)
- Order Report Formats (5/2/03)
- OATS 2003.2 Release (5/2/03)
- 2002.4 Release Notes (10/24/02)
- OATS 2002.3 Release - October 2002 (8/28/02)
- New OATS Release (2/12/02)
- Notice of E-mail Receipt (8/16/01)
- Next OATS Release (8/16/01)
- Order Received Date Field (4/19/01)
- OATS First Quarter Software Release (2/1/01)
The OATS Web Interface
- Include Email Address with Contact Information (9/2/04)
- Matching Orders Routed to NASDAQ Execution Systems (12/19/02)
- Nasdaq Execution System Order Route Matching (6/21/02)
- The Importance of OATS Announcements (11/26/01)
- Providing Firm Contact Information Over the OATS Web Interface (11/26/01)
- Firm-Order Sending Organization Functionality (4/19/01)
- Add Contact Information Via the OATS Web Interface (10/4/00)
- Sending ROEs to OATS Via the OATS Web Interface-A Two-Step Process (11/2/99)
- Order Trade Match Information Now Available Via the OATS Web Interface (11/2/99)
ROE Rejections and Reject Repair
- ROE Rejection Feedback (3/17/11)
- Timing of Corrections to New Order Reports (4/15/02)
- Downloading All ROE Rejections Via the OATS Web Site (2/12/02)
- Resubmitting Rejected ROES and the Rejected ROE Resubmit Flag (11/26/01)
- Retrieving ROE Rejections Via FTP/Connect:Direct (11/26/01)
- Providing Firm Contact Information Over the OATS Web Interface (11/26/01)
- Reject Repairs Later Than Five Days (4/19/01)
- Using the OATS Web Interface to Send New and Repaired ROEs to OATS (11/2/99)
- Repairing Reportable Order Event Rejections (11/2/99)
- Rejection of ROEs Ending with an Additional Delimiter (11/2/99)