Some of our order reports are rejected because they are not related to a New Order Report in OATS. Can we send a New Order Report to match with these order reports and prevent the rejection?
If the order reports are related to a GTC, GTD or GTM limit order that you previously submitted to OATS less than one year previously, and you are receiving this error message, contact FINRA Business and Technology Support Services (select Business) to determine the cause of the rejection. If the order events are related to a market order, a DAY or GTT limit order, that you submitted to OATS more than 5 business days previously, any attempt to resubmit the subsequent order events will result in rejections. The order information is only available for 5 business days. Should this occur, members should retransmit to OATS a duplicate New Order Report as well as any related subsequent order events that were rejected or were not submitted previously. The New Order Report, as well as any previously rejected order events should have the Rejected ROE Resubmit Flag set to “Y”. Any subsequent order events not previously submitted should be submitted without the Reject ROE resubmit Flag.
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