CAT Required Fields by Reportable Event

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Chapters in this video

  1. 0:00 CAT order lifecycle roadmap
  2. 1:10 Origination: 11 required fields
  3. 2:30 Routing and receipt separate reports
  4. 3:29 Modification and cancellation initiator
  5. 4:27 Execution capacity: three choices
  6. 5:17 ATS extra fields and traps
  7. 7:02 Rapid-fire exam recap

What this video covers

  • The five CAT reportable events: origination, routing, receipt of a routed order, modification or cancellation, and execution
  • The 11 required fields for original receipt or origination, including the Firm Designated ID and the separate display request field
  • Why the customer’s raw account number does not belong on the origination report
  • How routing and receipt create two separate reports, with both firms’ market participant identifiers (MPIDs)
  • The nine-field modification or cancellation report and the required instruction initiator
  • The seven-field execution report and the three distinct execution capacities: principal, agency, and riskless principal
  • How ATS reporting adds five-field sets, a single matching engine sequence number on routing, and special alternative market data feed notice requirements

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This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 57 course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.

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