OneChicago OATS OSO Service
OneChicago’s OATS OSO (Order Sending Organization) service reports the appropriate OATS records to FINRA for all point and click traded EFPs (Exchange Future for Physicals) executed on OCX.BETS®. The OATS records are based on the data entered on the EFP orders. This value added service is available to firms at no additional cost.
OneChicago will create execution reports, new order reports and when appropriate cancel/replace reports for all executed point and click traded EFPs. OATS reports will not be created for EFP order chains that do not result in executions. All EFP orders are considered limit day orders.
OneChicago will submit the OATS reports to FINRA at approximately 5:30 p.m. Eastern on trade date. The Order Receiving Firm will be able to access the submitted OATS records in their report directory on our secure server at that same time. As with any OSO relationship, the Order Receiving Firm retains the ultimate responsibility to meet the OATS reporting obligations
Click here for the OSO agreement.
Click here for a description of the OATS records.