OATS Web Interface Data Dictionary - FINRA · OATS Web Interface Data Dictionary 4 Field Name...

OATS Web Interface Data Dictionary

The OATS Web Interface Data Dictionary provides a description of data and feedback on theOATS Web Interface including OATS statistics and OATS fields definitions, allowable values,and conditions that make fields mandatory.

The Data Dictionary is a companion document to the following OATS Resources:

o OATS Reporting Technical Specifications, www.finra.org/oatsspecifications. Thisdocument provides technical information related to OATS Reporting, including orderreporting responsibilities, ROE and FORE layout, and descriptions of each order report.

o OATS Registration and User Entitlement Guide www.finra.org/oats/registration. Thisdocument provides all of the information needed to Register for and create users inOATS.

o OATS Frequently Asked Questions, located at www.finra.org/oatsfaqs.

o OATS Web Interface User Guide, located at www.finra.org/oats/webuserguide. Thisresource provides an overview of the OATS Web Interface. It also describes thefunctionality and steps used to navigate, view, and take action on OATS data andfeedback.

If you have a problem or question and cannot find the solution in the OATS Web Interface UserGuide or in the above mentioned OATS Resources, please contact FINRA Business andTechnology Support Services. Technology support is available from 8:00 a.m. Monday to 8:00a.m. Saturday, Eastern Time. Business support is available Monday through Friday, 8:00 a.m.to 6:00 p.m., Eastern Time.

Technical Support Business Support

Telephone: 800-321-6273 800-321-6273Fax: 240-386-6499 240-386-4841Email: [email protected] [email protected]: http://www.finra.org http://www.finra.org

To get more information about OATS, visit the OATS Web Pages at http://www.finra.org/oats.

http://www.finra.org/oatsspecifications

http://www.finra.org/oats/registration

http://www.finra.org/oatsfaqs

http://www.finra.org/oats/webuserguide

mailto:[email protected]

mailto:[email protected]

http://www.nasd.com/

http://www.finra.org/

http://www.finra.org/oats

OATS Web Interface Data Dictionary 2

OATS Field Descriptions1

Field Name Definition Allowable Values Data Type Mandatory/Conditional

Instructions

Account TypeCode

The account type forwhich an order is placed.

A Institutional Customer –An institutional account asdefined in NASD Rule3110(c)(4)

C Combined – An orderrepresenting more thanone type of account

E Employee Account – Anemployee or associatedperson of a member firm

I Individual Customer – Anaccount that does notmeet the definition ofNASD Rule 3110(c)(4)and is also not aproprietary account.

O Market MakingP Other ProprietaryR Not a Broker/DealerU Unknown – Beneficial

owner is not knownX Error Account – Error

account of the firm

Alphanumeric (1) M Represents the type ofbeneficial owner of the accountfor which an order was receivedor originated.

Note: ‘R’ is a temporaryallowable value representingeither an institutional orindividual customer if a firm isunable to determine theappropriate status. ‘R’ will beeliminated as an allowablevalue after firms have hadadequate time to make theprogramming changesnecessary to distinguishbetween individual andinstitutional accounts.

Action TypeCode

Indicates the purpose ofthe Order Report, whetherto report a new event toOATS, to correct apreviously reported event,to delete a previouslyreported event, or to

N New order event

C Corrected order event

D Deleted order event

R Delete for replacementorder event

Alphanumeric (1) M Must be allowable value. CaseSensitive.

1For additional information on OATS Reportable Order Events and Field Descriptions, please refer to Appendix C of the OATS Technical

Specifications.



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delete a previouslyreported event with theintention of correcting it.

ArbitrageCode

Indicates if an order is partof an arbitrage tradingstrategy involving thepurchase or sale of a“basket” or group ofsecurities. This is inconjunction with thepurchase or sale (orintended purchase orsale) of one or more cash-settled options or futurescontracts on index stockgroups, or options on anysuch futures contracts inan attempt to profit by theprice difference.

Y Part of an arbitrage

strategy

N Not part of an arbitrage

strategy

X Not known (not anaccepted value for retail oremployee orders)

Alphanumeric (1) M ECNs must populate this fieldwith a value of ‘X’.

Non-ECNs with an AccountType Code of ‘P’ must notpopulate this field with ‘X’

Must be allowable value. CaseSensitive.

Branch/SequenceNumber

The Branch SequenceNumber assigned to anorder by the orderreceiving firm, as reportedto a FINRA TradeReporting Facility.

Alphanumeric (8) C Must be provided when a tradeis reported to a FINRA TradeReporting Facility. If two ordersin the same issue symbol areexecuted within the samesecond and reported to aFINRA Trade Reporting Facilityin two separate transactionreports, different branchsequence numbers must beused for each execution.

Buy/Sell Code Indicates if an order is aninstruction to buy or to sellshares of a security.

B BuySL Sell LongSS Short SaleSX Short Exempt


Cancel Leaves The number of shares Any integer greater than or Alphanumeric (4) M Required when the Cancel Type



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Quantity remaining open when anorder is partially canceled.

equal to zero. Flag value is ‘P.’

CancelQuantity

The number of sharescanceled for a partialcancel.

Any integer greater than zero. Numeric (9) C Required when the Cancel TypeFlag value is ‘P.’

Cancel TypeFlag

Indicates if thecancellation was a full orpartial cancellation.

F Full—Cancel quantityequals total shares quantityof the order

P Partial—Cancel quantity isless than the total sharesquantity of the order

Alphanumeric (1) M – CLevents

C - otherevents


Canceled byFlag

Indicates whether theorder was canceled by thecustomer or firm thatplaced the order, or thefirm that received theorder.

C Order canceled bycustomer or firm placingthe order

F Canceled by firm receivingthe order

Alphanumeric (1) M – CL, CRevents

C - otherevents


Capacity Code The capacity in which thefirm acted for purposes ofthe transaction.

A Agency

P Principal

R Riskless Principal

Alphanumeric (1) M The capacity needs to be thesame capacity that is reportedto the applicable transactionreporting association for tradereporting purposes.


Connection ID The unique identifierrepresenting the name ofthe connection used whenrouting to another firm ornational securitiesexchange. TheConnection ID is anoptional field that may be

Alphanumeric(12)

C Value: Any alphanumeric notcontaining a delimiter.



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populated to guaranteeuniqueness for a RoutedOrder ID / Sent to RoutedOrder ID. If populated, theConnection ID will beincluded as match criteriain the Exchange RouteMatching process.

Correction/DeletionTimestamp

The date and time acorrection or a deletion toan order was effective.

Format:YYYYMMDDHHMMSSCCC

Numeric (17) C Required if the Action TypeCode is ‘C,’ ‘D,’ or ‘R.’

CustomerInstructionFlag

Indicates if a customerhas instructed that a limitorder should not bedisplayed or that a blocksize order be displayed.

Y Yes. Customer hasinstructed that a limit ordershould not be displayed orthat a block size order bedisplayed.

N No. No instruction hasbeen received from thecustomer that a limit ordershould not be displayed orthat a block size order bedisplayed.

Alphanumeric (1) C For Non-ECNs, must exist ifeither a Limit Price, or a LimitPrice and a Stop Price, isprovided. Not mandatory fororders received by an ECN.


DeskReceivedTimestamp

The date and time theorder was received by adesk or department fromanother desk ordepartment.


Numeric (17) M – DSevents

C – otherevents

Desk SpecialHandlingCodes

Refer to Special HandlingCodes.

Alphanumeric (3) C

Desk TypeCode

Indicates the type of Deskor Department at which

A Agency

AR ArbitrageAlphanumeric (2) M – DS

eventsMust be allowable value. CaseSensitive.



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the order was received. B Block Trading

C Convertible Desk

CR Central Risk Books

D Derivatives

EC Equity Capital Markets

IN International

IS Institutional

O Other

PF Preferred Trading

PR Proprietary

PT Program Trading

S Sales

SW Swaps

T Trading

TR Treasury

C – otherevents

DestinationCode

Indicates whether theRoute Report orCombined Order/RouteReport was routed to aMember Firm, Non-Member Firm, ECN, orExchange.

A Affiliate, Not a FINRAMember

E ECNM FINRA MemberN Not a FINRA Member

Exchanges:XA NYSE AmexXB NASDAQ OMX BXXC National Stock ExchangeXF Non–US ExchangeXI International Securities

ExchangeXJ EDGA ExchangeXK EDGX ExchangeXM Chicago Stock ExchangeXN New York Stock

Exchange




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XO Bourse de MontrealXP NYSE ArcaXQ The NASDAQ Stock

MarketXT Toronto Stock ExchangeXV TSX Venture ExchangeXW CBOE Stock ExchangeXX NASDAQ OMX PHLXXY BATS Y ExchangeXZ BATS Exchange

Options Exchanges:OA NYSE Amex OptionsOB Boston Options

Exchange, LLCOC Chicago Board Options

ExchangeOI International Securities

ExchangeOJ C2 Options ExchangeOP NYSE Arca OptionsOQ NASDAQ OMX OptionsOX NASDAQ OMX PHLX

OptionsOZ BATS Option Exchange

Do NotReduce/DoNot IncreaseCode

Indicates if the customerhas specified that theorder price or sharesquantity not be adjusted toreflect a cash or stockdividend.

<blank>Not Applicable

DNR Do Not Reduce

DNI Do Not Increase

DIR Do Not Reduce orIncrease

Alphanumeric (3) C Must be allowable value. CaseSensitive.

ECN Flag Indicates whether theorganization submittingthe report is an ECN.

<blank>The identified order isnot submitted by anECN

Y The identified order is

Alphanumeric (1) C Required if the submittingorganization is an ECN.

Must be allowable value. Case



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submitted by an ECN Sensitive.

ExchangeParticipant ID

Firm identifier assigned bythe exchange. Requiredfor all orders routed to anexchange.For example: For ordersrouted to The NASDAQStock Market, NASDAQOMX BX and NASDAQOMX PHLX enter theMPID. For orders routedto the New York StockExchange and NYSEAmex enter the enteringfirm mnemonic. For ordersrouted to NYSE Arca,enter the Equity TradingPermit ID.

Alphanumeric (8) C Case sensitive.

Required for orders routed to anational securities exchange.

ExecutionPrice

The price at which theorder is ultimatelyexecuted.

Numeric (18,8) M Must be the same price that isreported to the applicabletransaction reportingassociation for trade reportingpurposes.

ExecutionQuantity

The number of sharesfilled in an execution.

Any integer greater than zero. Numeric (9) M

ExecutionTimestamp

The date and time of anexecution.


Numeric (17) M

ExecutionType Indicator

Indicates if the executionwas a full or partialexecution.

F Full—Execution equalstotal shares quantity of theorder

P Partial—Execution is lessthan the total sharesquantity of the order




Instructions

ExpirationDate

The date on which anorder with a Time in ForceCode value of Good TillDate expires at the closeof market.

Format: YYYYMMDD Date (8) C Required if the Time in Force is‘GTD.’ If the Time in ForceCode is ‘DAY,’ an ExpirationDate, if entered, must be equalto or one day greater than theOrder Received Date. If theTime in Force code is ‘GTM’ theexpiration date will be derivedby OATS as the last businessday of the month.

ExpirationTime

The time at which anorder with a Time in ForceCode value of Good TillTime expires.

Format: HHMMSS Numeric (6) C Required if the Time in Force is‘GTT.’

Must be greater than the time inthe Order Received Timestamp.

Firm Order ID The identifier assigned toan order by the orderreceiving firm to uniquelyidentify the order for thefirm within the orderreceived date.

Any alphanumeric notcontaining a delimiter.

Alphanumeric(20)

M Must be unique for the firmwithin the Order Received Date.

Firm ROE ID An optional identifierassigned to an ROE bythe reporting firm.

Alphanumeric(12)

C

Issue SymbolID

The unique symbol for anOATS reportable security.

Alphanumeric(14 )

M Must be a symbol for a validOATS reportable security,including convertible bonds, forthe Order Received Date.


LeavesQuantity

The quantity of sharesremaining open in a

Numeric (9) C Must be provided when theExecution Type Indicator valueis ‘P.’



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partially executed order.If the partial execution reportedresults in the sum of allexecutions equaling the orderquantity, the value should bezero.

Limit Price The per-share maximumbuy price or minimum sellprice for a limit order orstop limit order; this is theprice at which thecustomer is protected.

Numeric (18,8) C If entered, must be greater than0. If entered, a Time in ForceCode must be provided.

Market CenterID

The national securitiesexchange or tradereporting system operatedby registered securitiesassociation where thetrade was reported.

A NYSE AmexB NASDAQ OMX BXC National Stock ExchangeF Non–Us ExchangeI International Securities

ExchangeJ EDGA ExchangeK EDGX ExchangeM Chicago Stock ExchangeN New York Stock

ExchangeP NYSE ArcaQ The NASDAQ Stock

MarketW CBOE Stock ExchangeX NASDAQ OMX PHLXY BATS Y Exchange (BYX)Z BATS Exchange

FINRA transaction reportingsystems:DN FINRA/NYSE Trade

Reporting FacilityD ADFL FINRA/NASDAQ Trade




Instructions

Reporting FacilityO OTC Reporting Facility

Member TypeCode

Indicates whether theorder was received from aMember Firm, Non-Member Firm, ECN, orNon-Reporting MemberFirm.

A Affiliate, Not a FINRAMember

C ECNE FINRA Member Firm does

not meet the definition ofreporting member underFINRA Rule 7410

M FINRA MemberN Not a FINRA Member


NegotiatedTrade Flag

Identifies orders that arethe result of a negotiatedtrade between twomembers where bothmembers, for OATSpurposes, are consideredto have executed thetrade and must submit anExecution Report toOATS.

<blank> Not applicable

Y Indicates respondentportion of a negotiatedtrade

Alphanumeric (1) C Must be set to ‘Y’ when amember is required to report anew order and execution as theresult of an incomingnegotiation that results in atrade.


Order CancelTimestamp

The date and time acancellation wasoriginated or received.


Numeric (17) M – CLevents

C – otherevents

OrderOriginationCode

Identifies whether theorder was received from acustomer of the firm,originated by the firm, orwhether the order wasreceived from anotherBroker/Dealer.

F Order was received froma customer or originatedwith the Firm

W Received from anotherBroker/Dealer

Alphanumeric (1) M



Instructions

OrderReceived Date

The date and time theorder was received by theorder receiving firm.


Numeric (17) M

OrderReceivedTimestamp

The date and time theorder was received ororiginated.


Numeric (17) M

OrderReceiving FirmMPID

The four-character MPIDof the member firm thatreceived the order.


Order SentTimestamp

The date and time theorder was sent outside thefirm.


Numeric (17) M

OriginatingDepartment ID

The department or deskwithin a firm thatoriginates a proprietaryorder.

A Agency - A desk ordepartment where ordersmay be routed to othermarket centers, either by atrading system or with theassistance of traders. Thiswould include smart routersand algorithmic trading.

ATS ATS - A trading system thatmeets the definition of“Alternative TradingSystem” under RegulationATS.

MA Market Access - When amember permits anotherbroker-dealer to use amarket participant identifierassigned to the member toroute orders directly tomarket centers.

T Trading - A desk or

Alphanumeric(12)

C The member firm must maintaina list of the departmentidentifiers and provide them onrequest to FINRA.

Codes must be unique within afirm, regardless of the numberof locations in which it operates.

Must be provided when theAccount Type Code is ‘P’.

Not required for ECNs.



Instructions

department where ordersare executed. This may beinterpreted as either atrading system or a deskor department where ordersare executed with theassistance of traders.

O Other – A department thatdoes not execute ordersor make routing decisions.

OriginatingBroker/Dealer

The MPID of the OrderReceiving Firm from theoriginally submitted orderthat, due to a merger,acquisition, or some otherreason, needs to link to asecondary event with adifferent Order ReceivingFirm MPID.

Alphanumeric (4) C Must be provided if this ROEneeds to link to a previouslysubmitted ROE with a differentOrder Receiving Firm MPID.Firms may include or excludethe field from the report.


ProgramTrading Code

Indicates if an order is partof a program trade, astrategy involving therelated purchase or saleof a group of 15 or moresecurities having a totalmarket value of $1 millionor more, as furtherdefined in NYSE Rule80A.

Y Part of a program trade

N Not part of a program trade

X Not known—Not anaccepted value for retail oremployee orders

Alphanumeric (1) M ECNs must populate this fieldwith a value of ‘X’.

Non-ECNs with an AccountType Code of ‘P’ must notpopulate this field with ‘X’


ReceivedMethod Code

Indicates whether theorder was receivedelectronically or manually.

E Electronic

N Manual


ReceivingDepartment ID

The department or deskwithin a firm that receives

A Agency - A desk ordepartment where orders

Alphanumeric(12)

C Either the Receiving TerminalID or the Receiving Department



Instructions

an order. may be routed to othermarket centers, either by atrading system or with theassistance of traders. Thiswould include smart routersand algorithmic trading.

ATS ATS - A trading system thatmeets the definition of“Alternative TradingSystem” under RegulationATS.

MA Market Access - When amember permits anotherbroker-dealer to use amarket participant identifierassigned to the member toroute orders directly tomarket centers.

T Trading - A desk ordepartment where ordersare executed. This may beinterpreted as either atrading system or a deskor department where ordersare executed with theassistance of traders.

O Other – A department thatdoes not execute ordersor make routing decisions.

ID must be provided when anorder is received directly from acustomer.

The member firm must maintaina list of the departmentidentifiers and provide them onrequest to FINRA.

Codes must be unique within afirm, regardless of the numberof locations in which it operates.


ReceivingTerminal ID

The identifier of theterminal where the orderwas received from acustomer.


Alphanumeric(12)

C Either the Receiving TerminalID or the Receiving DepartmentID must be provided when anorder is received directly from acustomer.



Instructions


Rejected ROEID

The unique identifierassigned by OATS to arejected ROE.

Numeric(15) C Required when the ROE hasbeen rejected by OATS and hasbeen corrected forresubmission.

Rejected ROEResubmit Flag

Indicates if the ROEsubmitted to OATS waspreviously rejected.

Y Resubmitted ROE

<blank> Not a resubmittedROE

Alphanumeric (1) C Required when the ROE hasbeen rejected by OATS and hasbeen corrected forresubmission.


Replaced FirmOrder ID

The identifier assigned toan order that wasreplaced in aCancel/Replace Report.


Alphanumeric(20)

M

ReplacedOrderReceived Date

The date the order beingreplaced in aCancel/Replace Reportwas received.


Numeric (17) M

ReportingExceptionCode

Indicates the reason that aBranch Sequence Numberwas not supplied to aTrade Reporting System.

P Intra-firm order filled fromfirm’s proprietary account

M Execution where entry ofbranch/sequence numberis not possible

R Riskless principaltransaction

A Agency Average PriceTransaction

T Agency Post TradeAllocation

Alphanumeric (1) C



Instructions

Routed OrderID

The identifier assigned tothe order by the routingfirm and passed to thereceiving firm.

Any alphanumeric notcontaining a delimiter, spaces,blanks, or leading zeroes.

Alphanumeric(20)

C Orders Received:Routing identifier used by theorder sending member duringthe order routing process.Required for all orders receivedelectronically from anotherBroker/Dealer.

Orders Routed:Routing identifier used duringthe order routing process.Required for all electronicallyrouted orders.

Must be unique for the MPID,Order Sent Date, ConnectionID, and Sent to MPID (if routedto another FINRA member) orDestination Code andExchange Participant ID (ifrouted to a national securitiesexchange), except for instanceswhen the route has a specialrouting condition.

Routing FirmMPID

The MPID of the firm,ECN or Exchange fromwhich the order wasreceived.

Alphanumeric (4) C The MPID of the firm fromwhich the order was received.Required and must be a validMPID for the Order ReceivedTimestamp if the order isreceived from another FINRAmember.

If received from a non–FINRAmember, must be blank orcontain a non–FINRA memberMPID. Must be blank if the



Instructions

order originated with the firm.

RoutingMethod Code

Indicates whether theorder was sentelectronically, manually, orvia a Smart Router.

E Routed electronically

N Routed manually

S Smart Router


Sent to FirmMPID

The MPID of the firm,ECN or Exchange towhich the order wasrouted.

Alphanumeric (4) C Required if the order was routedto a member firm or ECN.Optional if the order was routedto the NASDAQ Exchange or toa non-member firm.

Must be a valid MPID for theOrder Sent Timestamp. Shouldnot be a valid MPID if the orderwas routed to a non-memberfirm.


Sent to RoutedOrder ID

Alphanumeric(40)

C Routing identifier used duringthe order routing process.

Required for all electronicallyrouted orders.

Must be unique for the MPID,Order Sent Date, ConnectionID, and Sent to MPID (if routedto another FINRA member) orDestination Code andExchange Participant ID (ifrouted to a national securitiesexchange), except for instanceswhen the route has a SpecialRouting Condition.



Instructions

SharesQuantity

The number of sharesindicated in an order tobuy or sell.

Any integer greater than zero. Numeric (9) M For reserved size orders, mustbe the sum of displayed sizeand reserved size.

SpecialHandlingCodes

Additional orderinstructions that serve toqualify the pricing,quantity, execution timing,or execution method of anorder.

ADD Add–on Order– Reflectsthat the customer addedadditional shares to theorder after it was fullyexecuted; May only beused with Cancel/Replaceevents.

AON All or None – Requiresthat if an order cannot befilled in its entirety, theorder should not beexecuted.

CND Conditional Order – Anorder where the terms andconditions of the order arederived from a relatedtransaction in anothersecurity (other than anoption).

CNH Cash Not Held – Instructsthe trader to buy or sell asmuch stock as possible,over the course of atrading day, for a specifieddollar amount.

CSH Delivery Instructions:Cash–trade settles on thesame trade date

DIR Directed Orders – Ordersthat meet the definition of“Directed Order” underRule 600(b)(19) ofRegulation NMS (formerlydefined under SEC Rule




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11Ac1–6). That definitionspecifies that the termdirected order shall meana customer order that thecustomer specificallyinstructed the broker ordealer to route to aparticular venue forexecution

DLO Discretionary Limit Order– Orders for which thecustomer defines anamount off the limit price(for example $.50) toincrease the price rangeover which the limit orderis eligible to execute

E.W Exchange for PhysicalTransaction – Equity tradecomponent of an“exchange for physical”transaction. An exchangefor physical transactioninvolves two partiessimultaneously executinga futures contract and anequity transaction (for thesecurities covered by thefutures contract), typicallyinvolving baskets thatreplicate common indices.

FOK Fill or Kill – Indicates theorder is intended forimmediate execution in itsentirety, and if notexecuted in its entirety,the order is cancelled.

G G Order – An order for an



Instructions

account covered by 1934Exchange Act §11(a) thatrelies on §11(a)(1)(G) asan exemption to§11(a)(1).

IDX Intra–Day Cross –An order designated forparticipation in an Intra–Day cross.

IO Imbalance Only – Anorder to buy or sell at aspecified price or betterthat may be executed onlyduring the NasdaqOpening/ Closing Crossand only against animbalance.

IOC Immediate or Cancel –Requires all or part of theorder be executedimmediately, and anyremaining shares becancelled.

ISO Intermarket Sweep Order– An order that meets thedefinition of “IntermarketSweep Order” under Rule600(b)(30) of RegulationNMS.

LOO Limit on Open – Instructsthe trader to execute theorder at the opening priceprovided that the openingprice is at or within thelimit specified.

LOC Limit on Close – Instructsthe trader to execute theorder at the closing price



Instructions

provided that the closingprice is at or within thelimit specified.

MACMarket at Close –Instructs the trader toexecute the order at theclosing inside quote priceof regular market hours.

MAOMarket at Open –Instructs the trader toexecute the order at theopening inside quote priceof regular market hours.

MOC Market on Close –Instructs the trader toexecute the order at theclosing last sale price ofregular market hours.

MOO Market on Open –Instructs the trader toexecute the order at theopening print price ofregular market hours.

MTL Market to Limit – An orderthat is sent in as a marketorder to execute at thecurrent best price. If theentire order does notimmediately execute atthe market price, theremainder of the order isre–submitted as a limitorder with the limit priceset to the price at whichthe original orderexecuted.

MQTMinimum Quantity –Instruction to cancel the



Instructions

order if a specifiedminimum quantity cannotbe executed.

MPT Merger Related TransferPosition

ND Delivery Instructions: NextDay – trade settles onnext trade date.

NH Not Held – Requires thatthe trader use bestjudgment as to the time ofexecution and the issueprice.

OPT Options RelatedTransaction – Representsan order where the termsand conditions of theorder are derived from arelated optionstransaction.

OVD Over the Day – Requiresthat a trader break up anorder into several partialexecutions. The customermay specify the number ofexecutions.

PEG Indicates that thecustomer’s limit price is tobe determined by aspecific market priceand/or volume factor orthat the limit price shouldbe determined pursuant toa specified formula.

RSV Reserve Size Order –Required for an order forwhich a customer hasauthorized the public



Instructions

display of part of the fullsize of the order with theremainder held in reserveon an undisplayed basisto be displayed in wholeor in part as the displayedpart is executed.

S.W Stop Stock Transaction –Any transaction resultingfrom an order for which amember and anotherparty agree that the orderwill be executed at a StopStock Price or better.

SCL Scale – Requires partialexecutions that are notmore than a specifiedprice increment apart(e.g., 1/8 of a point).

SLR Delivery Instructions:Seller’s Option – tradesettles on a datedetermined by a seller.

TMOTime Order – Representsan order that becomes amarket or limit price orderat a specific time.

TS Trailing Stop – In the caseof a sell order, a TrailingStop Order allows thestop price to increase by apredetermined amount orformula (e.g. a specifieddollar amount, apercentage of the marketprice, or some otherpredetermined criteria), asthe market price of the



Instructions

security advances. In thecase of a buy order, aTrailing Stop Order allowsthe stop price to decreaseby a predeterminedamount or formula (e.g. aspecified dollar amount, apercentage of the marketprice, or some otherpredetermined criteria), asthe market price of thesecurity declines. Oncethe Trailing Stop price istriggered, the buy or sellorder becomes either anexecutable market orderor a limit order (i.e. aTrailing Stop Limit Order).

WRK Work – Leaves thetime of execution to thetrader’s discretion; eithera full execution or partialexecutions are accepted.

F0 Stay on OffersideF3 Go AlongF6 Participate Don’t Initiate –

An order that mayparticipate in a transactioninitiated by another party,but may not initiate atransaction. For example,on US ECNs / Exchanges,this may represent anorder that will be quoted tothe marketplace and willtrade if another partyinitiates a trade (i.e. hitsthe posted quote), but



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cannot be routed toinitiate a trade withanother market or marketmaker.

F7 Strict ScaleF8 Try to ScaleF9 Stay on BidsideFA No Cross – The broker

executing this trade isforbidden from taking theother side of the trade.Opposite of OK to Cross.

FB OK to Cross – The brokerexecuting this trade isallowed to take the otherside of the trade.Opposite of No Cross.

FC Call First – Refer to clientbefore trading.

FD Percent of Volume – Thesender does not want tobe all of the volume.

FH Reinstate on SystemFailure – If a systemfailure interrupts trading ororder routing, attempt toreinstate this order,subject to time in forcelimitations. Note thatdepending on the typeand severity of the failure,this might not be possible.

FI Institutions Only – Brokeris restricted to dealingwith other buy side firms.

FJ Reinstate on Trading Halt– If trading in thisinstrument is halted,



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reinstate this order when/iftrading resumes, subjectto time in force limitations.

FK Cancel on Trading Halt–Iftrading in this instrumentis halted, cancel this orderand do not reinstate itwhen/if trading resumes.

FL Last PegFM Mid–price PegFN Non–negotiableFO Opening PegFP Market PegFQ Cancel on System Failure

– If a system failureinterrupts trading or orderrouting, attempt to cancelthis order. Note thatdepending on the typeand severity of the failure,this might not be possible.

FR Primary PegFS SuspendFT Fixed Peg to Local Best

Bid or Offer at time oforder

FW Peg to VWAPFX Trade Along – Clients who

specify “Trade Along” givebrokers permission tohandle and place theirorder in the market even ifthe broker already has itsown proprietary orders forthe same security placedin the market.

FY Try to Stop – Used inspecialist–driven markets



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to direct the specialist totry and stop the order.

FZ Cancel if Not Best –Indicates that an ordershould be cancelled if it isno longer the best bid ifbuying, or the best offer ifselling.

Fb Strict Limit – A limit orderthat must be traded at theexact limit price specifiedwithout any priceimprovement.

Fc Ignore Price ValidityChecks – Disables validitychecking of price fields foran order or changerequest.

Fd Peg to Limit PriceFe Work to Target Strategy

SpecialRoutingCondition

The Special RoutingCondition indicator is usedto identify instances wherethe Routed Order ID/Sent to Routed Order IDwill be duplicated.

X The identified orderhas an exchangerouting condition thatrequires a duplicatedRouted Order ID

Y The identified order ispart of a bunch

<blank> The identified orderdoes not have aspecial routingcondition

Indicates the Route orCombined Order/Route Reporthas a special routing conditionincluding: Route is part of a bunched

order. Route represents a

modification to an orderpreviously routed to anational securitiesexchange that includes aduplicated Routed OrderID/Sent to Routed Order ID.

Some order modification typesaccepted by a nationalsecurities exchange requirefirms to use the original order



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identifier when submitting anorder modification. Forexample, the Fast Cancelfunction offered by NYSE Arcarequires a firm to use the ClientOrder ID entered with theoriginal order for all subsequentmodifications. In these limitedsituations involving a nationalsecurities exchange, a duplicateRouted order ID/Sent ToRouted Order ID will be allowed.

The Special Routing Conditionof ‘X’ can only be used whenrouting to a national securitiesexchange.

Stop Price The per-share stop price;the order becomes eithera market order or a limitorder (i.e. if a Limit Priceis specified) once thesecurity has been quotedat or through the specifiedstop price.

Numeric (18,8) C If entered, a Time in ForceCode must be provided.

Time in ForceCode

The length of time whenan order is valid.

<blank> Market Order–Validfor execution at theprevailing marketprice

DAY Day Order–Valid untilexecuted or the nextmarket close

GTC Good Till Cancelled–Valid until executed orcancelled by thecustomer

Alphanumeric (3) C Blank is interpreted by OATS asa market order.




Instructions

GTD Good Till Date–Validuntil the close ofmarket on a specifieddate

GTM Good Till Month –Valid until the lastbusiness day of themonth in which theorder was received

GTT Good Till Time–Validuntil the specified time

GTX Good ThroughExtended Hours–Validuntil executed or theclose of the extendedhours session

TMO TriggerTimestamp

The specific date and timethat an order becomes amarket or limit price order.


Numeric (17) C Required for orders with anySpecial Handling Code of‘TMO’.

TraderTerminal ID

The identifier of theterminal where the orderwas executed or theidentifier of the executingtrader.


Alphanumeric(12)

M


FORE Status Statistics

Statistic Description

Accepted Number of FOREs accepted by OATS for a given processing day.

Rejected Number of FOREs rejected by OATS for a given processing day.

Reporting Statistics


Accepted Number of ROEs accepted by OATS for a given processing day.

Rejected Number of ROEs rejected by OATS for a given processing day.

Type Description Received Rejected

NW New Number of New Order Reports received where theCanceled Timestamp AND the Desk ReceivedTimestamp fields are blank.

Number of New Order Reports rejected where theCanceled Timestamp AND the Desk ReceivedTimestamp fields are blank.

New with Cancel Number of New Order Reports received where theCanceled Timestamp is populated AND the DeskReceived Timestamp is blank.

Number of New Order Reports rejected where theCanceled Timestamp is populated AND the DeskReceived Timestamp is blank.

New with Desk Number of New Order Reports received where theCanceled Timestamp is blank AND the DeskReceived Timestamp is populated.

Number of New Order Reports rejected where theCanceled Timestamp is blank AND the Desk ReceivedTimestamp is populated.

New with Cancel andDesk

Number of New Order Reports received where theCanceled Timestamp AND the Desk Received

Number of New Order Reports rejected where theCanceled Timestamp AND the Desk Received


Type Description Received Rejected

Timestamp are populated. Timestamp are populated.

OR Combined Order/Route Number of Combined Order/Route Reports receivedwhere the Canceled Timestamp AND the DeskReceived Timestamp fields are blank.

Number of Combined Order/Route Reports rejectedwhere the Canceled Timestamp AND the DeskReceived Timestamp fields are blank.

Combined Order/Routewith Cancel

Number of Combined Order/Route Reports receivedwhere the Canceled Timestamp is populated ANDthe Desk Received Timestamp is blank.

Number of Combined Order/Route Reports rejectedwhere the Canceled Timestamp is populated AND theDesk Received Timestamp is blank.

Combined Order/Routewith Desk

Number of Combined Order/Route Reports receivedwhere the Canceled Timestamp is blank AND theDesk Received Timestamp is populated.

Number of Combined Order/Route Reports rejectedwhere the Canceled Timestamp is blank AND the DeskReceived Timestamp is populated.

Combined Order/Routewith Cancel and Desk

Number of Combined Order/Route Reports receivedwhere the Canceled Timestamp AND the DeskReceived Timestamp is populated.

Number of Combined Order/Route Reports rejectedwhere the Canceled Timestamp AND the DeskReceived Timestamp is populated.

OE CombinedOrder/Execution

Number of Combined Order/Execution Reportsreceived where the Desk Received Timestamp isblank.

Number of Combined Order/Execution Reports rejectedwhere the Desk Received Timestamp is blank.

CombinedOrder/Execution withDesk

Number of Combined Order/Execution Reportsreceived where the Desk Received Timestamp ispopulated.

Number of Combined Order/Execution Reports rejectedwhere the Desk Received Timestamp is populated.

CR Cancel/Replace Report Number of Cancel/Replace Reports received. Number of Cancel/Replace Reports rejected.

RT Routing Report Number of Routing Reports received. Number of Routing Reports rejected.

DS Desk Report Number of Desk Reports received. Number of Desk Reports rejected.

EX Execution Report Number of Execution Reports received. Number of Execution Reports rejected.

CL Cancel Report Number of Cancel Reports received. Number of Cancel Reports rejected

Total Total number of ROEs received. Total number of ROEs rejected.

Late Number of ROEs that were received late.

Resubmit Number of ROEs that were resubmitted.


Out of Sequence


Cancel Number of ROEs where Cancel Timestamp is prior to Order Received Timestamp for a given processingday.

Cancel/Replace Number of ROEs where Order Received Timestamp of Cancel/Replace event is prior to Order ReceivedTimestamp of original event for a given processing day.

Desk Number of ROEs where Desk Received Timestamp is prior to Order Received Timestamp for a givenprocessing day.

Execution Number of ROEs where Execution Timestamp is prior to Order Received Timestamp for a givenprocessing day.

Route Number of ROEs where Order Sent Timestamp is prior to Order Received Timestamp for a givenprocessing day.


Match Statistics

Type Statistic

Attempted Unmatched Match Rate Unmatched Rate

Order Trade The number of Executions orCombined Order/Executionreports where OATSattempted an Order/Tradematch. OATS will attempt amatch when the Action TypeCode is equal to ‘N’ and theMarket Center ID is equal toa FINRA Trade ReportingFacility and a ReportingException Code is notpopulated.

Number of records wherean Order/Trade attempt tomatch was made, but nomatch was found.

The percentage ofOrder/Trade matchedrecords.

The percentageOrder/Trade of unmatchedrecords.

Exchange Route The number of Route orCombined Order/Routereports where OATSattempted anExchange/Route match.OATS will attempt a matchwhen the Action Type Codeis equal to ‘N’, theDestination Code representsa National Stock Exchangeand the Routing MethodCode is ‘E’ or ‘S’.

Number of records wherean Exchange/Routeattempt to match wasmade, but no match wasfound.

The percentage ofExchange/Route matchedrecords.

The percentage ofExchange/Routeunmatched records.

Interfirm Route The number of Route orCombined Order/Routereports where OATSattempted an Interfirmmatch. OATS will attempt amatch when the Action Type

Number of records wherean Interfirm attempt tomatch was made, but nomatch was found.

The percentage ofInterfirm matchedrecords.

The percentage ofInterfirm unmatchedrecords.


Code is equal to ‘N’, theDestination Code is equal to‘M’ or ‘E’, and the RoutingMethod Code is equal to ‘E’or ‘S’.

Interfirm Received The number of Route orCombined Order/Routereports where OATSattempted an Interfirmmatch. OATS will attempt amatch when the Action TypeCode is equal to ‘N’, theDestination Code is equal to‘M’ or ‘E’, and the RoutingMethod Code is equal to ‘E’or ‘S’.

Number of records wherean Interfirm attempt tomatch was made, but nomatch was found.

The percentage ofInterfirm matchedrecords.

The percentage ofInterfirm unmatchedrecords.

OATS Web Interface Data Dictionary - FINRA · OATS Web Interface Data Dictionary 4 Field Name...

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