Free Site Registration

Market Makers Have More Time to Implement OATS

Traders Magazine, March 1998

Jeffrey L. Winograd

The Securities and Exchange Commission approved a new schedule for the Order Audit Trail System (OATS), giving market makers the extra time they said is necessary for compliance.

OATS, an electronic system designed to gather up to 25 trade details, was proposed as part of Nasdaq's agreement to more aggressively police its members in the wake of price-fixing allegations.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?