The CAT Reporting Technical Specifications for Industry Members allows for a firmDesignatedID value of ‘PENDING’ if an FDID has not yet been created when an order has been received. Should Industry Members report a firmDesignatedID value of ‘PENDING’ to CAT CAIS?
No. CAT CAIS will reject a firmDesignatedID value of ‘PENDING’. Once the FDID becomes available, the Industry Member must report the actual FDID in the firmDesignatedID field to CAT CAIS in the phase in which the Industry Member is required to report FDIDs to CAT CAIS. The CAT NMS Plan requires Industry Members to report Received Industry Member Data, which includes customer and account data, by 8:00 a.m. Eastern Time on the CAT Trading Day following the day the Industry Member receives such Received Industry Member Data.
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Yes