Late Reporting

August 16, 2001

 

NASD Regulation reminds all firms that any order events received on an OATS business day must be reported to OATS by 04:00 Eastern Time (04:00:00 A.M.) the next calendar day. Those reports not received by 04:00 (04:00:00 A.M.) will be marked late.

 

An OATS business day begins the second after the close of the day session of The Nasdaq Stock Market on one market day and ends at the close of The Nasdaq Stock Market on the next market day. For example, Wednesday's OATS business day begins at 16:00:01 Eastern Time (4:00:01 P.M.) on Tuesday and ends at 16:00:00 Eastern Time (4:00:00 P.M.) on Wednesday. Any events occurring during this time period must be reported to OATS by 04:00 (4:00:00 A.M.) Eastern Time on Thursday.

 

If you have any questions regarding this topic or on OATS in general, please contact the OATS Help Desk at (800) 321-NASD.

Last Updated: 8/16/2001