When we effect a riskless principal trade and use the alternative method of trade reporting are we required to match the trade report to the OATS Execution Report?
A. Yes. When using the alternative approach to riskless principal trade reporting, firms should match the OATS execution report to the non-tape, non-clearing or clearing-only report submitted to the trade reporting facility by including the Branch/Sequence number on those reports. If your firm is using the original approach to riskless principal trade reporting, the reporting exception code “R” for riskless principal trades should be used when submitting the OATS execution report.
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