Topics

On Tuesday, September 29, 2020 at 10 am ET, Consolidated Audit Trail, LLC and FINRA CAT, LLC will host an industry webinar focusing on TRF Linkage.

Please note that FINRA CAT, LLC is now utilizing Zoom to conduct industry webinars. Please check your firewall to ensure your firm has the ability to view Zoom content. If you are unable to download and run Zoom, please click the "join from your browser" link. The presentation document and recording will be posted.

This FAQ has been retired. Please refer to FAQ E2.

Yes, if the Industry Member routes an order to another Industry Member or a Participant, the Industry Member must report the routing of the order to the CAT. The details that must be reported for the routing of an order are set forth in Section 6.3(d)(ii) of the CAT NMS Plan, as applied to Industry Members by Section 6.4(d)(i) of the CAT NMS Plan. While all routes are required to be reported to CAT, Order Route events for orders that were rejected by the Industry Member or Participant to which the order was routed are not required to be reported in Phases 2a (equity) or 2b (options).

Yes.  FINRA rules and FINRA Facility system validations require that firms refer to the original trade report in the report of the reversal by including the control number assigned to the original report by the FINRA Facility and the original report date.  Because the reversal is linked by reference to the original trade, the Industry Member is not required to report the reversal to CAT by deleting the original MEOT.  The FINRA Facility Data reported to CAT by FINRA will be the source of the reversal.

If the correction is reported to the FINRA Facility without cancelling the original trade report (and thus the corrected trade is linked by reference to the original trade), the Industry Member is not required to also report the correction to CAT.  The FINRA Facility Data reported to CAT by FINRA will be the source of the trade correction.

This FAQ has been retired. Please refer to FAQ B58.

In Phase 2a, firm modifications of a previously routed order are not required to be reported to CAT if the destination to which the order was routed is a CAT Reporter. As a result, in the given example, the modification of the 2,000 share order sent to Exchange A would not be reportable by BD A, but would be reported to CAT by Exchange A. If the order had been routed to a foreign destination or other destination that is not a CAT Reporter, BD A would be required to report the modification to CAT.

This FAQ has been retired. Please refer to FAQ B57.

CAT Alert 2018-003 has been retired. The information contained in this CAT Alert can now be found in section 2.4.1 the Industry Member Technical Specifications.