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For NAVs with no offset, if the calculated NAV price is not known until after 4:15:00 pm ET on the date of origination/receipt, the MENO/MEOA should be marked as a market order or limit order with a price of ‘0’ and handlingInstructions of ‘NAV.’ The eventTimestamp on the MENO/MEOA should reflect the date and time that the terms and conditions of the order (with the exception of the calculated NAV) were recorded in the firm’s books and records. 

Consolidated Audit Trail, LLC and FINRA CAT, LLC will host a monthly Industry Testing Checkpoint Calls for CAIS/LTID on Wednesday, January 6, 2021 at 4:15 pm ET.

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.

Consolidated Audit Trail, LLC and FINRA CAT, LLC will host Weekly Industry Testing Checkpoint Calls every Tuesday at 4:15 pm ET beginning on January 7, 2020 until further notice. The events will be held at 4:15 pm ET.

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.

The term “booking” is the recording of the details related to shares/contracts owed to or delivering out of an account to the firm’s books and records. “Original Booking” is the first reasonably available time details of shares/contracts owed to or delivering out of an account are recorded to a firm’s books and records.

Consolidated Audit Trail, LLC and FINRA CAT, LLC will host Weekly Industry Testing Checkpoint Calls every Tuesday at 4:15 pm ET beginning on January 7, 2020 until further notice. The events will be held at 4:15 pm ET.

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.