I use several electronic order routing and executing systems. Am I allowed to use more than one third party to transmit data to OATS on my behalf?
Yes. More than one third party may transmit order events to OATS on behalf of your firm. Firms are responsible to ensure that all required information is submitted to OATS and that the third parties do not send duplicate information to OATS. Be aware that some third parties may believe they are reporting on your behalf. Ensure that you have clearly defined agreements covering OATS reporting responsibilities with all parties that handle your order data and that you communicate the responsibilities with all parties that handle your order data. If the parties reporting on your behalf transmit duplicate reports (for example, if a clearing firm and a service bureau both transmit an Execution Report for the same order), only the first report will be accepted by OATS. All subsequent reports will be considered duplicates and will be rejected.
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