InvestorsHub Logo

Millstone

11/02/20 11:52 AM

#28810 RE: GMoney74 #28798

Rabbit hole material:

"ATS transactions within OATS are almost always double-counted because both the buy and sell side of a single transaction are reported as executions within OATS."

ATS = Alternative Trading Systems

OATS = Financial Industry Regulatory Authority (FINRA) Order Audit Trail System (OATS)

FINRA firms have a duty to report under OATS, so there is a double count for buy transaction and sell transaction.

https://www.sec.gov/files/otc-trading-white-paper-03-2014.pdf

I recommend one not go down this rabbit hole!