Can an order be marked as Short Exempt on the Order Route event if the order was reported as a regular short sale on the related New Order event?
Yes. If an Industry Member receives a Short Sale order prior to the triggering of a circuit breaker, the Industry Member would populate the side field with ‘SS’ (Short Sale). If, at the time the order is routed, a circuit breaker is triggered, the order may be marked “short exempt” consistent with SEC Rule 201, and the side field on the related Order Route event must be populated with ’SX.’