Phase 2d
Last Updated: 02/07/2025
| # | Status | Summary | Posted Date | Spec Publish Date | Spec Version | Effective Date - Test | Effective Date - Prod |
|---|---|---|---|---|---|---|---|
| 1 | Open | Add new Boolean flag as a conditional field onto applicable CAT order events (MENO, MEOM, MEOT, MEOTS) to identify Short Sale orders originated or modified when relying on the bona fide Market Making exception under Rule 203(b)(2)(iii) of Regulation SHO. The field is applicable to Market Makers on a security-by-security basis. When the BFMMFlag is populated with a value of true, the side field must be populated with a value of ‘SS’ or ‘SX’ and the accountHolderType value must be ‘O’. This reporting supports the SEC’s requirement to report reliance on the bona fide market making exception in Regulation SHO, in connection with the SEC’s issuance of Release No. 34-98738. The compliance date for this reporting is July 1, 2025. | 8/20/2024 | 10/18/2024 | 4.1.0r4 | 1/27/2025 | 4/14/2025 |
| 2 | Open | Retire the ‘MAO’, ‘MAC’, ‘AOB’ and ‘MOB’ handlingInstructions values. | 8/20/2024 | 10/18/2024 | 4.1.0r4 | 1/27/2025 | 4/14/2025 |
| 3 | Open | Retirement of 897 Warning Code (Early Reported Event). | 2/4/2025 | 1/22/2025 | 4.1.0r5 | 3/3/2025 | 4/14/2025 |
| 4 | Updated-Open | Add the following error codes to reject equity Trade events (MEOT, MEOTS):
| 1/23/2025 | TBD | 4.1.0r6 | 1/27/2025
| 4/14/2025 |
5 | New-Open | Add the following error codes to reject equity Trade events (MEOT, MEOTS):
| 2/7/2025 | TBD | 4.1.0r6 | 3/17/2025 | 4/14/2025 |
Phase 2a/2b
Last Updated: 01/11/2022
| # | Status | Summary | Publish Date | Spec Version |
|---|---|---|---|---|
| N/A as of 01/11/2022 |
Phase 2c
Last Updated: 01/11/2022
| # | Status | Summary | Publish Date | Spec Version |
|---|---|---|---|---|
| 1 | Open | Update section 3.4 to clarify requirements for options prior to Phase 2d outlined in Scenario 3.7.3. | N/A | N/A |
| 2 | Open | Clarify description of solicitationFlag field to be consistent with new FAQ C8. | N/A | N/A |
*Planned Technical Specification Updates are subject to approval by the CAT NMS Plan Operating Committee.