CAT Received Data and Reporting Exceptions

What this video covers

• How Received Industry Member Data differs from data a member records about its own order events, including clearing broker and contra-side identifiers, cancelled trade indicators, customer data, allocations, and short sale marking
• Why customer data uses a transformed value for an individual taxpayer identification number or social security number (SSN), plus the customer's firm-designated identifier, account information, and identifying information
• The alternative trading system (ATS) order-type rule: report order types and changes 20 days before they become effective, with no identifier required for plain market and limit orders without special handling
• Why an Allocation Report is required whenever a member allocates to a client account, even when it was not the executing broker
• When short sale marking applies: the original receipt or origination of a sell order for an equity security and the bona fide market making exception
• How Financial Industry Regulatory Authority (FINRA) facility reporting can relieve the clearing broker identifier and cancelled trade indicator only when the facility and unique trade identifier conditions are both met
• Why an options market maker's listed-options quote exception covers quote routing, modification, and cancellation, not orders, and sends quote time information to the exchange