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?
A307.1: 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 #1: BD1 (as agent) buys from BD3 Non-tape report #2: BD1 (as agent) sells to BD2 Alternative #2 Tape report: BD1 (as agent) buys from BD3 Non-tape report: BD1 (as agent) sells to BD2 Alternative #3 Tape report: BD1 (as agent) sells to BD2 Non-tape report: BD1 (as agent) buys from BD3 See Rules 6282(e)(1)(D), 6380A(d)(4), 6380B(d)(4) and 6622(d)(4). See also Regulatory Notice 09-08 (January 2009). Q307.2: Member BD1 matches as agent the orders of multiple members on one side with the orders of one or more members on the other side. For example, BD1 matches as agent a buy order from member BD2 for 100,000 shares with sell orders from members BD3, BD4 and BD5 for 50,000 shares, 20,000 shares and 30,000 shares, respectively. Should this be reported as a single transaction or separate trans
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