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This announcement affects all Industry Members testing in the Test Environment on October 20, 2021 and October 21, 2021.

Cboe’s C1 Option Exchange is introducing Global Trading Hours, where trading cycles will span multiple calendar days and trading can occur on non-trading days, such as Sundays and US holidays. FINRA CAT is making changes to our processing to ensure proper assignment of trade date and linkage across trading cycles.

On Wednesday, October 6, 2021 at 4:15 pm ET, Consolidated Audit Trail, LLC and FINRA CAT, LLC will host an industry webinar focusing on Full CAIS Certification ahead of the Customer and Account Information Testing Environment opening on January 31, 2022. The webinar will follow the regularly scheduled Industry Testing Checkpoint Call for CAIS/LTID. 

Additional information regarding the Firm Designated ID (FDID) may be found in the February 19, 2020 webinar here, as well as the CAT Reporting Technical Specifications for Industry Members and CAT Reporting Customer and Account Technical Specifications for Industry Members

Yes. CAT allows multiple vendors to submit data on behalf of a single Industry Member CAT Reporter. Each vendor reporting Transaction Order events requiring a Firm Designated ID (FDID) on behalf of an Industry Member CAT Reporter would have to provide the same FDID as required. A single FDID assigned to each trading account must be unique, persistent and consistent within the firm and across all vendors, and unique across time.

No. Unless a new account or entity identifier is assigned to a client or customer, each Firm Designated ID (FDID) must be unique, persistent and consistent for each trading account within the firm and across all vendors and systems the Industry Member may use to report Transaction Order events requiring an FDID to CAT and associated Customer and Account information for the FDID to CAT CAIS, and unique across time (with limited exceptions as noted in FAQ M16).

The use of an actual account number as the FDID is prohibited to ensure the capture of sensitive data in CAT is minimized when its inclusion is not required to achieve the objectives of CAT. Specifically, the Operating Committee has determined that Industry Members must not assign as an FDID a customer’s account number or any other number associated with the customer’s account that could be used to effect a transaction in the account.