Testing for Tick Size OATS Data Collection and Market Maker Transaction Files

FINRA reminds Reporting Members that will operate a Trading Center under the Plan to Implement a Tick Size Pilot Program ("Plan") that the OATS Testing Environment will be available beginning on February 22, 2016 to test the reporting of additional data elements to OATS for orders and executions involving Pre-Pilot Data Collection and Pilot Securities under the Plan.

In addition, the FINRA testing environment for submitting Tick Size Market Maker Transaction Files will also be available beginning February 22, 2016. Feedback on submission of these files to the test environment will be available according to the following schedule:

Date Milestone

February 22, 2016

Connectivity/Submission Status

March 8, 2016

File and Record Level Validations

Feedback for all files submitted between February 22 and March 7 will be available beginning March 8, 2016. Going forward with files submitted on or after March 8, 2016, feedback will available by noon the day following submission.

March 14, 2016

Linkage Feedback for Routes to NYSE, NQ, BATS and FINRA Members

Feedback for all files submitted between February 22 and March 10 will be available beginning March 14, 2016. Going forward with files submitted on or after March 14, 2016, feedback will available by noon on T+6.

March 28, 2016

Linkage Feedback for CHX and NSX

Feedback for all files submitted between February 22 and March 24 will be available beginning March 28, 2016. Going forward with files submitted on or after March 28, 2016, feedback will available by noon on T+6.

Market Makers should also note that FINRA has made the following updates to the Market Maker Transaction Reporting Specification.

  • Added FINRA contact information
  • Corrected the test host name
  • Added three additional error codes to Table 4-5