Current through September 30, 2024
Section 242.302 - Recordkeeping requirements for alternative trading systemsTo 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:(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.