How should the price and eventTimestamp fields be populated on a Trade Event (MEOT) for a trade priced at the Net Asset Value (NAV)?
For NAVs, the eventTimestamp on the MEOT should reflect the date and time of execution of the trade at the calculated NAV and should match the date and time of execution reported in the trade report submitted to the FINRA trade reporting facility. The price should be the calculated NAV.
The MEOT must be reported to CAT by 8 am ET on T+1, where T represents the CAT Trading Day that the order was executed. For example, if the NAV is determined after 4:15:00 pm ET on Monday and the order is executed at that time, the MEOT must be reported to CAT by 8 am ET on Wednesday.