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What are the times that must be reported to OATS when a correspondent receives an order and sends that order to a clearing firm?

April 26, 2017clearing correspondent firm oats reported times

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What are the times that must be reported to OATS when a correspondent receives an order and sends that order to a clearing firm?

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Assuming that the correspondent meets the definition of a Reporting Member, the correspondent must report the time that it received the order and the time that it routed the order to its clearing firm. The clearing firm in turn must report the time it received the order from the correspondent and the time that it routed or executed the order.