I work for a FINRA member firm that is located in Germany. Are we required to synchronize our clocks and report orders for Nasdaq securities to OATS?
Yes. All FINRA member firms, including all member firms located outside the United States, must comply with FINRA Rules 7410 through 7470, including submitting applicable order information to OATS, recording times in seconds for OATS reportable events, and synchronizing clocks. For additional information, refer to the OATS Reporting Technical Specifications.
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