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Are we required to report Buy/Write orders involving Nasdaq securities to OATS?

April 26, 2017buy involving NASDAQ oats orders report securities write

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Are we required to report Buy/Write orders involving Nasdaq securities to OATS?

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You must report the stock purchase portion of a Buy/Write order involving Nasdaq securities as a “Pegged” order. Thus, you would be required to report a New Order Report for the order with a Special Handling Code of “PEG”. If you executed the order, you would be required to submit an Execution Report for the order; if you sent the order to another firm for execution, you would be required to submit a Routing Report for the order. If you do not direct the order to another desk within your firm, and the terms of the order do not change, you would not be required to file any other order reports.