If you are a FINRA member currently submitting OATs information for orders routed to SuperMontage, INET and Brut, what changes are required, if any, when Nasdaq becomes an exchange?
There will be no OATS reporting changes for orders routed to SuperMontage, INET and BRUT upon Nasdaq becoming an exchange. Firms must continue to record and report to OATS a Route Report for each order sent to these destinations and provide the appropriate Destination Code of “U” for SuperMontage or “E” for BRUT and INET.
Related Questions
- If you are a FINRA member currently submitting OATs information for orders routed to SuperMontage, INET and Brut, what changes are required, if any, when Nasdaq becomes an exchange?
- We are FINRA members that only receive orders for securities that are not reportable to OATS. What are our requirements with regards to recording time under the OATS Rules?
- How will a receiving firm know if a firm submitting orders to it does not meet the definition of an OATS Reporting Member under NASD Rule 7410?
