Commencing on or about October 3rd 2011, FINRA is implementing OATS℠ submission for all NMS securities. The NYSE Broker Systems will become an OATS reporting system to FINRA to comply with this new requirement. Accordingly, orders routed to NYSE Broker Systems (NYSE Broker Booth Support System® and the NYSE eBroker™ handheld) will be required to include the sender’s MPID on all order and cancel/replacement messages. Customers who route directly to the NYSE matching engine are not affected by this change.
This notification details the CCG technical changes to support inclusion of an order sender’s MPID. Further details outlining the new NYSE Broker OATS reporting service will be covered by a separate notice. A future notification will also be provided with information regarding testing opportunities and exact implementation dates.
Please contact your Relationship Manager or one of the below contacts should you have any further business questions or comments:
Robert Airo rairo@nyx.com 212.656.5663
Michael Paulyson mpaulyson@nyx.com 212.656.2721
Category: Technical
