Notice to Members 04-80

NASD Seeks Comment on Proposed Changes to the OATS Rules

Comment Period Expired January 20, 2005

NASD is issuing this Notice to Members to solicit comments from members and other interested parties on proposed changes to the OATS Rules (Rules 6950 through 6957). The OATS Rules impose obligations on member firms to record in electronic form and report to NASD on a daily basis certain information with respect to orders originated or received by NASD members relating to securities listed and traded on The Nasdaq Stock Market, Inc. (NASDAQ). NASD staff is seeking comment on three proposed changes to the OATS Rules,which would require members to record and report to OATS:

  • Order information relating to exchange-listed and OTC equity securities (OTC Bulletin Board (OTCBB) and PinkSheets);
  • Enhanced information, including execution data, relating to orders routed to non-members or exchanges; and
  • Order information relating to proprietary orders generated during the course of market-making activities.
The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
1/18/2005Ameritrade, Inc.PDF - 22.11 KB
1/20/2005Instinet GroupPDF - 88.83 KB
1/20/2005Securities Industry AssociationPDF - 66.63 KB
1/14/2005ML Stern & Co., LLCPDF - 28.54 KB
11/24/2004Emily VitalePDF - 25.21 KB
1/20/2005Royalblue Financial CorporationPDF - 34.75 KB
1/20/2005Jed BandesPDF - 24.91 KB
1/21/2005The Financial Information ForumPDF - 23.12 KB