Member BD1 matches as agent a buy order from member BD2 and a sell order for the same quantity of shares at the same price from a customer. How should this transaction be reported?
A308.1: BD1 is the executing party and has the trade reporting obligation. BD1 can report this transaction in one of three ways: Alternative #1 Tape report: BD1 (as agent) reports a cross Non-tape report: BD1 (as agent) sells to BD2 Alternative #2 Tape report: BD1 (as agent) sells to BD2 Non-tape report: Not required Alternative #3 Tape report: BD1 (as agent) buys from customer (blank contra or other way to indicate a trade with a customer) Non-tape report: BD1 (as agent) sells to BD2 See Rules 6282(e)(1)(D), 6380A(d)(4), 6380B(d)(4) and 6622(d)(4). See also Regulatory Notice 09-08 (January 2009).
Related Questions
- Member BD1 matches as agent a buy order from non-member BD2 and a sell order for the same quantity of shares at the same price from non-member BD3. How should this transaction be reported?
- Member BD1 matches as agent a buy order from member BD2 and a sell order for the same quantity of shares at the same price from non-member BD3. How should this transaction be reported?
- Member BD1 matches as agent a buy order from member BD2 and a sell order for the same quantity of shares at the same price from member BD3. How should this transaction be reported?
