Securities Lawyer's Deskbook                          published by The University of Cincinnati College of Law

Rule 302 -- Recordkeeping Requirements for Alternative Trading Systems

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1. A record of subscribers to such alternative trading system (identifying any affiliations between the alternative trading system and subscribers to the alternative trading system, including common directors, officers, or owners);
   
   
2. Daily summaries of trading in the alternative trading system including:
   
   
   1. Securities for which transactions have been executed;
      
      
   2. Transaction volume, expressed with respect to equity securities in:
      
      
      1. Number of trades;
         
         
      2. Number of shares traded; and
         
         
      3. Total settlement value in terms of U.S. dollars; and
         
         
   3. Transaction volume, expressed with respect to debt securities in:
      
      
      1. Number of trades; and
         
         
      2. Total U.S. dollar value; and
         
         
3. Time-sequenced records of order information in the alternative trading system, including:
   
   
   1. Date and time (expressed in terms of hours, minutes, and seconds) that the order was received;
      
      
   2. Identity of the security;
      
      
   3. The number of shares, or principal amount of bonds, to which the order applies;
      
      
   4. An identification of the order as related to a program trade or an index arbitrage trade as defined in New York Stock Exchange Rule 80A;
      
      
   5. The designation of the order as a buy or sell order;
      
      
   6. The designation of the order as a short sale order;
      
      
   7. The designation of the order as a market order, limit order, stop order, stop limit order, or other type or order;
      
      
   8. Any limit or stop price prescribed by the order;
      
      
   9. The date on which the order expires and, if the time in force is less than one day, the time when the order expires;
      
      
   10. The time limit during which the order is in force;
       
       
   11. Any instructions to modify or cancel the order;
       
       
   12. The type of account, i.e., retail, wholesale, employee, proprietary, or any other type of account designated by the alternative trading system, for which the order is submitted;
       
       
   13. Date and time (expressed in terms of hours, minutes, and seconds) that the order was executed;
       
       
   14. Price at which the order was executed;
       
       
   15. Size of the order executed (expressed in number of shares or units or principal amount); and
       
       
   16. Identity of the parties to the transaction.
       
       

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