SEC Approves “Pay-to-Play” and Related Rules for Capital Acquisition Brokers (CABs)
August 16, 2001The next OATS Release has been preliminarily set for Monday, October 29, 2001. This article highlights changes that will affect OATS reporting systems. More specific details will be included in the next edition of the OATS Reporting Technical Specifications scheduled for publication in early September.The first change adds the Issue Symbol to both the Cancel and Desk Reports. The
August 16, 2001In an effort to reduce the number of duplicate email files submitted to OATS, the system will now send back two emails to each firm that transmits FORE files via email. The first email simply notifies the transmitting entity that OATS received your email and will process your file. The second email continues to provide the status of the FORE file as we do today.Firms are asked not
April 19, 2001OATS maintains an active file of the most current five business days for Market, GTT, and DAY orders ("the DAY Order file"). The Day Order file includes both New Order Reports and Cancel/Replace Reports and is used to validate subsequent order events. Reporting members have five business days from the date a Market, GTT, or DAY order is accepted by OATS, including the date
November 2, 1999The OATS Web interface is an alternative to e-mail, FTP (file transfer protocol), and Connect:Direct for sending new and repaired order data to OATS. Some firms may have recently experienced challenges using the OATS Web interface when sending large volumes (usually more than 100) of new and repaired ROEs. Such actions could result in information not being displayed in a timely
Member firms that fail to repair and resubmit rejected ROEs may be in violation of NASD Rule 6955 and may also be considered to be in violation of NASD Rule 2110.
Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative, and Branch Renewals for 2018
November 2, 1999Prior to the release of OATS in the test environment on August 23, 1999 and the production environment on September 20, 1999, OATS deviated from its own format specifications by accepting ROE records with an additional ending delimiter.The most recent OATS release now enforces the delimited format, which has been specified in Chapter 5, "Data Reporting Formats," and
December 4, 2000OATS currently collects price information in a decimal format [i.e., Numeric (18,8), left justified] and therefore will be unaffected, in terms of formatting, by the conversion to decimals.A common question is whether members need to modify open orders in OATS to reflect changes to any prices for open limit orders, stop orders, or stop/limit orders resulting from rounding. The
