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If the side value ‘SX’ is available in the Industry Member’s booking system, then it should be reported on the MEPA. If it is not available in the booking system, then the side value ‘SS’ should be reported on the MEPA.

If the trade date of the allocation is prior to the mandatory reporting date for allocations (Phase 2c for equities and Phase 2d for options), then any amendments made to the allocation after the applicable CAT allocations reporting go-live date are not required to be reported to CAT. 

Consolidated Audit Trail, LLC and FINRA CAT, LLC host a Monthly CAT Implementation Update on the third Thursday of every month at 4:15 pm ET. The Monthly CAT Implementation Update meetings provide the industry with a high level overview of materials and guidance published on the www.catnmsplan.com website during the month.

On June 17, 2021, in addition to the regularly scheduled monthly implementation update, staff from FINRA (SRO) will provide an update on the status of OATS retirement.  

In Phases 2a/2b/2c, the ‘SMT’ handlingInstructions value is only applicable to Order Route events (MEOR/MOOR) and is used to indicate that an order is routed out via a Smart Order Router.

On Tuesday, June 15, 2021 at 4:15 pm ET, Consolidated Audit Trail, LLC and FINRA CAT, LLC will host an industry webinar for Options Floor Brokers and Floor Market Makers focusing on the CAT reporting requirements for open outcry trades in Phase 2d.