§ 242.302. Recordkeeping requirements for alternative trading systems.

379 words·~2 min read·/us/cfr/t17/s§ 242.302·

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To comply with the condition set forth in paragraph (b)(8) of § 242.301, an alternative trading system shall make and keep current the following records:

(a)A record of subscribers to such alternative trading system (identifying any affiliations between the alternative trading system and subscribers to the alternative trading system, including common directors, officers, or owners);

(b)Daily summaries of trading in the alternative trading system including:

(1)Securities for which transactions have been executed;

(2)Transaction volume, expressed with respect to equity securities in:

(i)Number of trades;

(ii)Number of shares traded; and

(iii)Total settlement value in terms of U.S. dollars; and

(3)Transaction volume, expressed with respect to debt securities in:

(i)Number of trades; and

(ii)Total U.S. dollar value; and

(c)Time-sequenced records of order information in the alternative trading system, including:

(1)Date and time (expressed in terms of hours, minutes, and seconds) that the order was received;

(2)Identity of the security;

(3)The number of shares, or principal amount of bonds, to which the order applies;

(4)An identification of the order as related to a program trade or an index arbitrage trade as defined in New York Stock Exchange Rule 80A;

(5)The designation of the order as a buy or sell order;

(6)The designation of the order as a short sale order;

(7)The designation of the order as a market order, limit order, stop order, stop limit order, or other type or order;

(8)Any limit or stop price prescribed by the order;

(9)The date on which the order expires and, if the time in force is less than one day, the time when the order expires;

(10)The time limit during which the order is in force;

(11)Any instructions to modify or cancel the order;

(12)The type of account, i.e., retail, wholesale, employee, proprietary, or any other type of account designated by the alternative trading system, for which the order is submitted;

(13)Date and time (expressed in terms of hours, minutes, and seconds) that the order was executed;

(14)Price at which the order was executed;

(15)Size of the order executed (expressed in number of shares or units or principal amount); and

(16)Identity of the parties to the transaction.

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§ 242.302

Recordkeeping requirements for alternative trading systems.

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