OATS OTC Expansion Delayed
Traders Magazine, May 2007
Broker frustration and expected delays in compliance forced the NASD to delay the expansion of its Order Audit Trail System to over-the-counter equity securities. OATS, currently required for all NASD member firms trading Nasdaq-listed securities, provides a cradle-to-grave audit trail for orders.
All TradersMagazine.com 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.