The ‘CND’ handlingInstructions value indicates that an order is contingent on the execution of another order. The ‘CMC’ handlingInstructions value indicates that an order is contingent on the occurrence of a market condition (e.g., once symbol ABCD trades X# of shares, the order becomes executable). Industry Members may populate both values if applicable to the order.

The time of receipt for such orders is the date and time the Industry Member determines it has an order and records such in its books and records. Beginning in Phase 2c (equities) and 2d (options), Industry Members populating ‘CMC’ and/or ‘CND’ in their CAT events will be required to report an Order Effective event or Option Order Effective event (MEOE or MOOE) when all underlying conditions are met such that the order becomes and remains effective until it is fully executed or cancelled. The triggerPrice field is not required for orders conditioned on the occurrence of a market condition and/or contingent on the execution of another order.

The ‘OET’ (Order Effective Time) handlingInstructions value has been removed and will not be incorporated in the Phase 2c (equities) and Phase 2d (options) CAT Reporting Technical Specifications for Industry Members.

See also:

• See FAQ B60 regarding which party has the obligation to report the Order Effective event (MEOE) to CAT.
• See FAQ B66 regarding when the Order Effective event/Option Order Effective event (MEOE/MOOE) is required to be reported to CAT.