Should a market centers monthly report encompass all trading days that fall within a calendar month, as opposed to settlement days that fall within the calendar month?
A market center’s monthly report should encompass all trading days that fall within the calendar month. Thus, orders received and executed on April 30 must be reported in a market center’s April report, even though trades were not settled until May. Question 18: Phase-In of Reporting Q: The Adopting Release set forth a phase-in of compliance dates for the Rule in three stages. Is it permissible for a market center to begin reporting on all securities covered by the Rule on the initial compliance date? A: Yes. Nothing prohibits a market center from reporting on all national market system securities covered by the Rule prior to the scheduled phase-in dates. Question 19: Exemption for Orders Received Prior to Dissemination of Quotations by Primary Listing SRO (new) Q: How should a market center report under the Rule on an order that is received prior to dissemination of the first quotations for a trading day by the SRO with the primary listing for the security? A: The Commission has exemp
Related Questions
- How should a market center report on orders received during regular trading hours, but that remain unexecuted and uncancelled at the end of regular trading hours on the day of order receipt?
- When specifying (for example) 10 days ago, is that 10 calendar days or 10 trading days?
- Is a 30 day notice by number of days or calendar month?
