OATS Email Retirement

Effective August, 31 2009, FINRA will retire email as an OATS transmission method and transition current email users to Internet File Transfer (“IFT”). As such, Order Sending Organizations will no longer be able to transmit data to OATS via email as of August 31, 2009. OATS will reject any files submitted via email as of that date. FINRA will be contacting each OSO currently submitting files via email to assist them with the transition process.

IFT is an efficient and cost-effective method to directly upload a prepared OATS file to FINRA via the Internet. Once the file is uploaded, the user is immediately able to confirm successful file transmission and receipt. IFT requires no file encryption or annual certificate renewal, thus reducing firm maintenance and compliance risk.

IFT may be accessed by a free web-based application or by purchasing a SecureTransport software package. Firms that submit less than 100,000 order events per day may use the free Web browser version. Firms that submit more than 100,000 order events per day must use the client version, which requires the purchase of the software package.

Effective June 1, 2009, firms may begin transitioning from email to IFT. The chart below provides more details on important dates. Please note that OATS will no longer accept files via email effective August 31, 2009.

Effective Date Impact
June 1, 2009 – June 30, 2009 The OATS Technical Helpdesk will contact all OSOs submitting via email to provide an IFT user id and password. In addition, the Helpdesk will provide assistance with IFT functionality and submission of test files.
June 16, 2009 FINRA will provide a WebEx overview of data transmission via the free web-based IFT application
August 31, 2009 OATS will no longer accept OATS data via email.

Please contact the OATS Helpdesk at 1-800-321-6273 with any questions related to this notice or to start the transition to IFT.