Validation of Order Origination Code, Account Type Code and Member Type Code

To assist programmers with system coding, FINRA is publishing this companion grid to show acceptable combinations of the Order Origination Code, Account Type Code and Member Type Code populated on New Order Type Reports. This document should be used in conjunction with the OATS Reporting Technical Specifications. Additional information on the associated validations can be found in Appendix B of the OATS Reporting Technical Specifications.

Field names referenced in the grid are defined below:

  • Order Origination Code – Identifies whether the order was received from a customer, originated by the firm, or received from another Broker/Dealer.
  • Account Type Code – Represents the type of beneficial owner of the account for which an order was received or originated.
  • Member Type Code – Indicates from where the order was received.  

Order Origination Code

F – Order was Received From a Customer or Originated With the Firm W – Order was Received from another Broker/Dealer
Account Type Codes Member Type Codes Account Type Codes Member Type Codes

A – Institutional Customer
C – Combined
E – Employee Account
I – Individual Customer
 

A – Customer Affiliate
F – Foreign Affiliate
N – Customer, not an Affiliate

A – Institutional Customer
C – Combined
E – Employee Account
I – Individual Customer
O – Market Making
P – Other Proprietary
U – Unknown
X – Error Account
A – Reportable Non-Member1 Affiliate 
C – ECN
E – Excluded
F – Foreign Affiliate
M – FINRA Member
N – Reportable Non-Member, not an Affiliate
X – Foreign BD, not an Affiliate

O – Market Making
P – Other Proprietary
X – Error Account

F – Foreign Affiliate
M – FINRA Member
N – Customer, not an Affiliate

   
Routing Information Routing Information Routing Information Routing Information
Routing Firm MPID Must be blank Routing Firm MPID Required to be populated with a FINRA MPID when Member Type Code is C, E, or M

Required to be populated with a Reportable Non-Member identifier2 when the Member Type Code is A or N
Routed Order ID May be populated, Not Required Routed Order ID Required if Received Method Code is E

Please contact the OATS Helpdesk at 1-800-321-6273 with any questions. 


1. A reportable non-member is defined as a U.S. registered broker-dealer that is not a FINRA member or a broker-dealer that is not registered in the U.S. but has received an SRO-assigned identifier in order to access certain FINRA trade reporting facilities.

2. The Non-Member firm’s Central Registration Depository (“CRD”) number, or, the non-member firm’s SRO identifier.