OATS Announcements

Posted: January 15, 2016

Industry Call on Tick Size Pilot Data Collection

On January 11, 2016, FINRA published updated versions of the OATS Reporting Technical Specifications and Market Maker Reporting Specifications to support the Tick Size Pilot data collection efforts.  On Wednesday, January 20, 2016, FINRA will hold an industry call and WebEx presentation to discuss these documents and other recently published guidance.

The agenda for this call includes:

  • Updated OATS Reporting Technical Specifications
  • Updated Market Maker Transaction Reporting Specifications
  • Updated Tick Size Pilot OATS and Market Maker Reporting FAQs
  • Tick Size Symbol List
  • Q&A

Call Information:

Time: 4:15 p.m., ET
Call-In Number: 1-888-946-3809
Leader's Name: Paul McKenney
Conference Number: 6708498
Password: 7338202

You must pre-register in order to participate in this conference call.

To register for the telephone portion of this conference:

  1. Go to our My Meetings website and input the required information.
     
  2. Enter the conference number and passcode.
    Conference Number: 6708498
    Conference Passcode: 7338202
    PIN: (Important: Leave this area blank or enter your pin to modify an existing reservation)
     
  3. Provide your information for the event leader and then click submit.

WebEx Information:

Topic: OATS Industry Call
Date: Wednesday, January 20, 2016
Time: 4:15 pm, ET (New York, GMT-04:00)
Meeting Number: 624723904
Meeting Password: OATS

To join the online meeting:

  1. Go to FINRA’s WebEx Site. If requested, enter your name and email address.
     
  2. If a password is required, enter the meeting password: OATS
     
  3. Click "Join".

Please contact the OATS Helpdesk at (800) 321-6273 should you have any questions or concerns regarding OATS.


Posted: January 11, 2016

FINRA Publishes Updated Tick Size OATS and Market Maker Reporting Specifications

FINRA has published a new edition of the OATS Technical Reporting Specifications dated January 11, 2016. In response to industry comment, the OATS Reporting Technical Specifications have been updated to reflect the elimination of the requirement to report away executions and to move the location of the Retail Investor Order Flag from the New Order Report to the Execution Report. FINRA anticipates filing an amendment to its proposed Tick Size Data Collection rules to reflect these changes. All changes reflected in the January 11, 2016 edition of the OATS Reporting Technical Specifications will be available in CT on February 22, 2016 and will be in production beginning April 4, 2016.

FINRA has also published a new edition of the Market Maker Reporting Specifications dated January 11, 2016. This new edition includes technical submission updates and contains unique identifier changes as reflected in FINRA's Tick Size Data Collection rule filing. In addition, FINRA has published a set of Tick Size Market Maker Reporting FAQ.

Additionally, FINRA has published the file format for the Tick Size Pre-Pilot Data Collection Security Daily List and Change List.

 


Posted: November 18, 2015

Tick Size Pilot Data Collection Date Moved to April 4, 2016

In light of the SEC’s order exempting FINRA and the other SROs from implementing the Tick Size Pilot until October 3, 2016, and the resulting delay in the data collection start date until April 4, 2016, FINRA has moved the CT and Production dates for the OATS Tick Size changes until February 22, 2016 and April 4, 2016, respectively. The OATS Reporting Technical Specifications have been updated to reflect these new dates. In addition, FINRA has published FAQ on the OATS Tick Size reporting requirements. These OATS Tick Size FAQ can be viewed at http://www.finra.org/industry/tick-size-pilot-oats-data-collection-faq. A new test date and additional information on the reporting requirements for Tick Size Market Maker transaction data will be announced shortly.

 


Posted: November 16, 2015

FINRA Files Tick Size Data Collection and Quoting and Trading Rules

On November 13, 2015, FINRA filed proposed rules with the SEC governing the data collection requirements for FINRA members with the NMS Plan to Implement a Tick Size Pilot Program (Plan).  FINRA also filed proposed rules governing the quoting and trading requirements of the Plan.  BATS Exchange, Inc. has also filed similar proposed rules governing exchange member requirements for both the data collection and quoting and trading requirements of the Plan.  FINRA’s rule filings may be viewed at http://www.finra.org/industry/tick-size-pilot-program.  Also, on November 6, 2015, the SEC issued an order exempting FINRA and the other SROs from implementing the Tick Size Pilot until October 3, 2016.  This delay extends the data collection start date until April 4, 2016.