Series 7: 17.5.1.2 Order Audit Trail System

Taken from our Series 7 Top-off Online Guide

17.5.1.2  Order Audit Trail System

The Order Audit Trail System (OATS) was established by FINRA in 1997 to create a time-sensitive audit trail for order, quote, and trade information. OATS provides a timed record of the sequence of events involved. Specifically, OATS records the time an order is entered, the time it is executed, and the time it is modified or cancelled.

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