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Phase 2d

​Last Updated: 02/14/2024

#StatusSummaryPosted DateSpec Publish  DateSpec Version Effective Date - TestEffective Date - Prod

1

PublishedValidate values supplied in firmDesignatedID fields against CAIS data.12/22/20213/25/20224.0.0 r145/16/20222/26/2024 

2

PublishedAdd new intra-firm linkage warning error code: 395 - Early Reported Event.4/29/20225/16/20224.0.0 r156/20/20222/26/2024

3

PublishedProvide a new linkage summary feedback file containing missing or invalid FDIDs.4/29/20225/16/20224.0.0 r156/20/20222/26/2024 

4

PublishedCAT will consider both the tradeDate and the Event Date when validating that the value provided on the firmDesignatedID on allocation events are valid in CAIS.   12/9/202212/16/20224.0.0 r181/10/20232/26/2024 

5

Published

Electronic RFQ Responses (Included in July 2023 Spec Publication, but not deployed into Test or Production until 2024)

•    Add new quote events to support reporting of RFQ responses for Options (MONQ, MORQ, MOQR, MOQM, and MOQC) and Multi-Leg (MLNQ, MLRQ, MLQS, MLQR, MLQC, and MLQM)
•    Add new fields to equity quote events:
o    RFQID to MENQ, MERQ, MEQR, MEQM, and MEQC
o    RFQFlag to MENQ and MEQR
o    relativePrice to MENQ, MERQ, MEQR, and MEQM
•    Add new destinationType value of  ‘S’
•    New Error Codes and Validations

7/25/20237/31/20234.0.0 r205/13/20247/29/2024

6

PublishedRemove 'IDX' handlingInstructions value.

1/19/2024

11/30/2023

4.1.0

4/15/2024

4/29/2024

7

Published

Additional Enhancements based on Industry Feedback to Electronic RFQ Responses (Included in November 2023 Spec Publication, but not deployed into Test or Production until 2024)

•    Add new validUntilDuration field 
•    Bifurcate relativePrice field into bidRelativePrice and askRelativePrice to equity and option quote events 
•    Add senderType field to quote received events
•    Update Error Codes 2251 and add Error Code 2253

12/11/2023

11/30/2023

4.1.0

5/13/2024

7/29/2024

8

Open 

Support change to T+1 Settlement with compliance and conformance period. 
•    Remove 'ND' (Next Day) handlingInstructions value 
 

12/14/2023

TBD

4.1.0r1

5/13/2024

7/29/2024

9

Open

Add new ‘SPHR’ value for the following fields: destination, marketCenterID and senderIMID to support upcoming launch of MIAX Sapphire exchange (pending applicable approvals).

2/5/2024

TBD

4.1.0r1

3/3/2024

4/8/2024

10

NEW- Open

In accordance with the February 13, 2024 exemptive relief request, update dates associated with requirements to report responses to requests for quotes (RFQs) provided in standard electronic format (e.g., FIX) that are not “immediately actionable”, to the extent such responses are considered “orders” reportable pursuant to Rule 613(j)(8), from August 1, 2024 to August 1, 2026.

2/14/2024

TBD

4.1.0r1

N/A

N/A

11

NEW- Open

Update date from July 31, 2024 to January 31, 2025 in applicable locations throughout specifications to allow for the continued reporting of ‘YE’ and ‘YP’ values in the representativeInd and fulfillmentLinkType fields, reflecting the SEC's temporary conditional exemptive relief dated November 2, 2023.

2/14/2024

TBD

4.1.0r1

N/A

N/A

 

Phase 2a/2b

​Last Updated: 01/11/2022

 #StatusSummaryPublish DateSpec Version
  N/A as of 01/11/2022  

 

Phase 2c

​Last Updated: 01/11/2022

#StatusSummaryPublish DateSpec Version
1OpenUpdate section 3.4 to clarify requirements for options prior to Phase 2d outlined in Scenario 3.7.3.N/AN/A
2OpenClarify description of solicitationFlag field to be consistent with new FAQ C8.N/AN/A

 

 

*Planned Technical Specification Updates are subject to approval by the CAT NMS Plan Operating Committee.