OATS Report Index

FINRA publishes information about the Order Audit Trail System (OATS) on a regular basis via an online newsletter titled The OATS Report. In this publication the OATS team informs FINRA member firms of the latest regulatory and technical OATS-related topics. If there are areas you would like to see discussed here, please send us an email for consideration. See below for the latest OATS Report.

July 31, 2020

• FINRA Guidance on OATS Exchange Route Matching (Updated)

The OATS Report Index

View an index of past OATS Reports below. For your convenience they have been categorized in groups related to

Compliance

Reporting Requirements

• FINRA Guidance on OATS Exchange Route Matching (7/31/20)
• ATS Order Book Processing Sequence Numbers (1/17/17)
• ATS Order Type Entry Screen (9/20/16)
• Investors Exchange Registration-OATS Impacts (1/25/16)
• Validation of Order Origination Code, Account Type Code and Member Type Code (5/27/16)
• Error Account Type Code (7/8/15)
• FINRA Guidance on the OATS Reverse Linkage Process (6/26/15)
• OATS Reporting Obligations When Reducing Share Quantity (9/8/14)
• Updated Guidance on the Reporting Requirements for Orders Transmitted to a Member Firm’s Trading Desk: Effective Date September 15, 2014 (6/12/14)
• Amendments to the Criteria for the Exclusion to the Definition of an OATS Reporting Member (6/11/14)
• OATS Reporting Changes for Stop Stock, PRP and ISO Exception Trades (5/22/14)
• Changes to Order/Trade Matching Requirements for OTC Equity Securities (4/2314)
• Firms Capturing Time in Milliseconds Required to Report to OATS in Milliseconds Beginning April 7, 2014 (3/21/14)
• FINRA Guidance on OATS Reporting Obligations When Handling Orders on an Agency Basis (4/29/09)
• Error Account Type Code (8/4/08)
• OATS Reporting for Negotiated Trades (8/4/08)
• OTC Equity Securities (11/21/07)
• Additional Guidance Regarding the OATS Routing Method Code of “I” and Special Handling Code of “ISO” (7/12/07)
• New Market Center ID for NASD/NYSE Trade Reporting Facility (4/16/07)
• Additional Guidance Regarding the Smart Router Routing Method Code “S” (8/7/06)
• OATS PHASE III -Differences between Reporting Member Exclusion and Exemptive Relief from the OATS Reporting Requirements (1/18/06)
• OATS Reporting of Manually Received Orders Executed On an Agency Post-Trade Allocation Basis (9/21/05)
• OATS Reporting Obligations for Agency Orders (6/22/05)
  Note: This report has been superseded by the article published on 4/29/09 entitled 'FINRA Guidance on OATS Reporting Obligations When Handling Orders on an Agency Basis.'
• OATS Compliance Sweeps (3/24/05)
• OATS Reporting Obligations for Modifications to Executed Orders (01/14/05)
• Requirements Regarding the Reporting of Routed Order IDs Transmitted Between Firms and ECNs (12/17/04)
• Passing Routed Order IDs via ACES (12/17/04)
• Matching OATS Routed Order IDs on Orders Routed via Nasdaq's ACES System (9/2/04)
• OATS Cancel Reports Not Needed for Unexecuted IOC or FOK Orders (4/6/04)
• OATS Reporting Responsibilities for Firms Using Multiple MPIDs (6/27/03)
• Firm Responsibilities When Using "Intelligent" Order/Routing Systems (3/3/03)
• Potential Misuse of Cancel Reports (3/3/03)
• Reporting Trailing Stop Orders to OATS (10/21/02)
• Orders Executed in a Riskless Principal Capacity (10/21/02)
• Reminder of OATS Reporting Obligations (8/28/02)
• Proper Use of Cancel, Cancel/Replace and Correction Reports and Deletions (4/15/02)
• Obligations to Report the Routed Order ID (2/12/02)
• Riskless Principal Reporting to OATS: The Alternative Approach (4/19/01)
• Reporting Riskless Principal Executions to OATS (2/1/01)
• After-Hours Orders Required to be Submitted to OATS (10/5/00)
• Identifying the Order Receiving Firm in the FORE and the ROE (11/2/99)

Supervision

• Preliminary Version of OATS Compliance Report Card — Available for June 2009 (6/16/09)
• OATS Supervisory vs. Operational Procedures (4/16/04)
• Firm Supervisory Responsibilities When Using Another Entity to Transmit OATS Data on the Firm's Behalf (2/10/04)
• OATS and Third Party Contracts (2/10/04)
• Supervisory Logs and the Enforcement of Written Supervisory Procedures (2/10/04)
• OATS Integrated Sweep (6/21/02)
• OATS Compliance Sweeps (6/29/01)
• OATS Compliance Guidelines (6/29/01)
• OATS Written Supervisory Procedures (2/1/01)
• OATS Written Supervisory Procedures (12/4/00)

Technical

System Releases and Enhancements

• OATS Secure Transport Upgrade  (2/1/2018)
• IFT/FTP Server Migration in the OATS Customer Test (CT) Environment(6/20/2016)
• Proposed OATS Changes for Members that Operate Tick Size Pilot Trading Centers (1/11/2016)
• Validation of Time in Force Code and the Addition of the Trading Session Code (5/18/2015)
• OATS File Transmission Encryption Protocol Changes (1/27/15)
• OATS Secure Transport Upgrade (1/4/13)
• Limit Order Display Indicator Renamed Customer Instruction Flag (2/3/09)
• OATS IFT/FTP Server Migration (8/8/08)
• Interfirm Route Matching Statistics Available on OATS Website Beginning July 14, 2004 (7/9/04)
• New Order, Combined Order/Route, Execution and Combined Order/Execution Reports (7/9/04)
• OATS Reporting Mechanisms (8/22/03)
• OATS User Accounts: Proper Maintenance to Avoid Security Risks (8/22/03)
• OATS Routing Method Code Validation Matrix
  (5/2/03)
• OATS Received Method Code Validation Matrix
  (5/2/03)
• Order Report Formats (5/2/03)
• OATS 2003.2 Release (5/2/03)
• 2002.4 Release Notes (10/24/02)
• OATS 2002.3 Release - October 2002 (8/28/02)
• New OATS Release (2/12/02)
• Next OATS Release (8/16/01)
• Order Received Date Field (4/19/01)
• OATS First Quarter Software Release (2/1/01)

The OATS Web Interface

• Include Email Address with Contact Information (9/2/04)
• The Importance of OATS Announcements (11/26/01)
• Providing Firm Contact Information Over the OATS Web Interface (11/26/01)
• Firm-Order Sending Organization Functionality (4/19/01)
• Add Contact Information Via the OATS Web Interface (10/4/00)
• Sending ROEs to OATS Via the OATS Web Interface-A Two-Step Process (11/2/99)
• Order Trade Match Information Now Available Via the OATS Web Interface (11/2/99)

ROE Rejections and Reject Repair

• ROE Rejection Feedback (3/17/11)
• Timing of Corrections to New Order Reports (4/15/02)
• Downloading All ROE Rejections Via the OATS Web Site (2/12/02)
• Resubmitting Rejected ROES and the Rejected ROE Resubmit Flag (11/26/01)
• Retrieving ROE Rejections Via FTP/Connect:Direct (11/26/01)
• Providing Firm Contact Information Over the OATS Web Interface (11/26/01)
• Reject Repairs Later Than Five Days (4/19/01)
• Using the OATS Web Interface to Send New and Repaired ROEs to OATS (11/2/99)
• Repairing Reportable Order Event Rejections (11/2/99)
• Rejection of ROEs Ending with an Additional Delimiter (11/2/99)