Recordkeeping and Record Preservation

What this video covers

• The three record groups an alternative trading system must make and keep current: subscriber affiliations, daily trading summaries, and time-sequenced order information
• Why equity volume uses three measures while debt volume uses only the number of trades and total U.S. dollar value
• The 16 required order fields, including receipt and execution timestamps, account type, expiration, modifications, and execution details
• Why receipt and execution times require hours, minutes, and seconds, and why an expiration time is required only when time in force is less than one day
• The three-year preservation rule, including the requirement that the first two years remain in an easily accessible place
• Which corporate records, Securities and Exchange Commission (SEC) reports, and fair access records survive for the life of the enterprise and any successor
• Permitted storage formats, separate-file relief, and the continuing responsibility of an ATS that outsources records to a service bureau