Exchange Books, Records and Automated Trading Data

What this video covers

• How exchange rules borrow the federal broker-dealer recordkeeping standard, requiring Trading Permit Holders to make, keep current, and preserve records
• Why refusing to make records available, including records requested in an exchange investigation, is an independent violation
• Which firms maintain short stock position records: organizations that clear stock transactions and have the exchange as their Designated Examining Authority (DEA)
• Why short stock reporting is a fallback and covers qualifying securities listed on a United States registered national securities exchange or reported through the National Association of Securities Dealers (NASD) automated quotation system
• When automated trade data is required: only for particular transactions named in an exchange request, never as a periodic submission
• How to identify all eight proprietary-trade data elements, including the submitter and contra identifiers, security symbol, execution date, size and character, price, account number, and market center
• How customer transactions add the customer's name, address, branch office number, registered representative number, solicitation status, account opening date, employer, and tax identification number, and why exceptions affect format only