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NASD Looking for OATS

Traders Magazine, June 2002

Gregory Bresiger

The National Association of Securities Dealers said it wants comments on possible changes in the Order Audit Trail System (OATS). Some of the changes under review by the regulator would require that members, "record and report for OATS purposes the route of a proprietary order if they comply with the SEC Limit Order Display Rule by routing the proprietary order in place of a customer order to another market, electronic communications network or market maker..."

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