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- Technical Specifications
- Reference Material
- Reference Material
- FAQB14. A registered investment advisor (RIA) operates within a US registered broker-dealer BD1 (i.e., BD1 and RIA are part of the same legal entity). The RIA originates and routes orders for execution away from BD1. What are the RIA's CAT reporting obligations?
Because the RIA is part of the same legal entity as the US registered broker-dealer, orders received or originated by the RIA are subject to all applicable CAT reporting rules and the US registered broker-dealer must report to CAT all orders that the RIA receives or originates. If the RIA were a separate legal entity that was not a member of a US registered broker-dealer, the RIA would not have an obligation to report orders originated and routed by the RIA to the CAT (also see FAQ B55).
- Reference MaterialTopics
- CAT Alert
Options Market Maker Quote Sent Time Availability by Exchange.
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.Audio file
Most options orders are currently only eligible to trade during regular market hours sessions (generally from 9:30 am to 4:00 pm or 4:15 pm Eastern Time) on the options exchanges and, as a result, the tradingSession field must be populated with “REG” (Regular Only) or “ALL” (All Sessions). Note that option orders eligible to trade during a regular market hours session’s opening or closing rotation must also be populated with “REG” or “ALL.” (See also FAQ D32.)
The "ALL" tradingSession means that the order can trade in any available session at the venue where it is sent. For example, if an exchange only has REG tradingSession, the order may be reported with a tradingSession of “REG” or "ALL".
- FAQB56. What steps should Industry Members take in the event of an organizational change such as a merger, acquisition, or succession?
Industry Members undergoing an organizational change should contact FINRA CAT, LLC to ensure that proper registrations, entitlements and reporting relationships are established in CAT, so that there are no interruptions in the Industry Member’s ability to report to CAT upon the completion of the transaction. Industry Members undergoing organizational changes should also pay particular attention to open limit orders established prior to the completion of any transaction.