ChildOrder | FINRA CAT (4.0.0-r18) | Orchimate

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ChildOrder (MECO)

31758

The Child Order is used to represent instances when an order is sliced within the desk or department it is being worked, and is assigned a new order identifier. While all CAT reportable activity must be reported to CAT in applicable phases, Child Order events are not required to be utilized for CAT reporting. These event types are for the convenience of Industry Members to help model these types of order handling scenarios.

Child Order events are defined to include only the key data elements that may be changed when the event is created including fields to link to the parent order. The following rules apply with respect to Child Orders:

Child Order events can only be reported when new order IDs are assigned within the same desk. An Order Internal Route Accepted event must be reported when routed to another desk.
A child order may be generated off of another child order without limitation.
Child Order events must belong to the same FDID as the parent order. Child Orders must not be used to create representative orders. If the FDID changes, a representative New Order event must be reported and not a Child Order.
Child Order events must not be used to represent a multi-leg option order being “legged out”. However, the Child Order event may be used in scenarios where an order is “legged out” and subsequently entered into another OMS/EMS or Algo within the same desk or department where a new orderID is assigned to each leg upon entry.

Field	Name	Type	Req'd	Comments
2	actionType	actionTypeCodeSet	Y	Indicates whether the event is a new event, a firm initiated correction or a repair of a CAT error.
38	errorROEID	Unsigned		Required when actionType is ‘RPR’. Must be blank when actionType is ‘NEW’.
44	firmROEID	Text	Y	An identifier assigned to the record by the reporting firm. Formatted as _ Must be unique for the Event Date and CAT Reporter IMID.
131	type	typeCodeSet	Y	MECO
22	CATReporterIMID	CATReporterIMID		The SRO-assigned identifier that an Industry Member uses to report to CAT. If populated, must equal the CATReporterIMID in the filename.
78	orderKeyDate	Timestamp	Y	The date and time the orderID was assigned.
77	orderID	Text	Y	The internal order ID assigned to the child order by the Industry Member. Must be unique with the orderKeyDate, CATReporterIMID, and symbol combination.
123	symbol	Symbol	Y	The symbol of the stock in the symbology of the primary listing exchange or FINRA for OTC Equity Securities.
83	parentOrderKeyDate	Timestamp	Y	The orderKeyDate of the event from which the Child Order originated.
82	parentOrderID	Text	Y	The orderID of the event from which the Child Order originated. The parentOrderID must not be equal to the orderID within the record.
80	originatingIMID	CATReporterIMID		An identifier used in instances of a merger or acquisition where the originating firm had open limit orders on its books that will be executed or otherwise resolved under the surviving firm. Must be provided to support linkage to an event that was reported with a different CATReporterIMID.
39	eventTimestamp	Timestamp	Y	The date/time at which the child order was originated. Timestamp must be reported to milliseconds or a finer increment up to nanoseconds.
120	side	sideCodeSet	Y	The side of the order.
84	price	Price		The limit price of the order. When provided, must be greater than or equal to zero. Required when orderType is ‘LMT’. Must be blank when orderType is ‘MKT’.
96	quantity	RealQuantity	Y	The Child order quantity.
60	minQty	WholeQuantity		The minimum quantity of an order to be executed. Required when applicable. Must be > 0.
79	orderType	orderTypeCodeSet	Y	The type of order.
	timeInForce	timeInForce	Y	The Time in Force for the order.
129	tradingSession	tradingSessionCodeSet	Y	The trading session(s) during which an order is eligible to trade.
	handlingInstructions	handlingInstructions		The order handling instructions for the order.
117	seqNum	Alphanumeric		The sequence number assigned to the CAT event by the ATS’s matching engine. Any alphanumeric not containing a delimiter.
12	atsDisplayInd	atsDisplayIndCodeSet		Indicates if the order is displayed outside of the ATS to subscribers only, or via publicly disseminated quotation data.
32	displayPrice	Price		The displayed price for this order. When provided, must be greater than or equal to zero. If atsDisplayInd is ‘Y’, ‘S’, or ‘A’, displayPrice must be the price at which the order was displayed. If the atsDisplayInd is ‘N’, displayPrice must be “0”.
135	workingPrice	Price		The working price of the order at the time it was originated or received. When provided, must be greater than or equal to zero. If no current workingPrice, value must be “0”.
33	displayQty	WholeQuantity		The displayed quantity for this order. If the atsDisplayInd is populated as ‘Y’, ‘S’, or ‘A’, displayQty must be the quantity at which the order was displayed. If the atsDisplayInd is ‘N’, displayQty must be “0”.
65	nbbPrice	Price		The NBBO at the moment the order was originated or received. Prices are required, quantities are optional. When provided, must be greater than or equal to zero. If no price or quantity, fields must be populated with a value of ‘0’.
66	nbbQty	WholeQuantity		The NBBO at the moment the order was originated or received. Prices are required, quantities are optional. When provided, must be greater than or equal to zero. If no price or quantity, fields must be populated with a value of ‘0’.
67	nboPrice	Price		The NBBO at the moment the order was originated or received. Prices are required, quantities are optional. When provided, must be greater than or equal to zero. If no price or quantity, fields must be populated with a value of ‘0’.
68	nboQty	WholeQuantity		The NBBO at the moment the order was originated or received. Prices are required, quantities are optional. When provided, must be greater than or equal to zero. If no price or quantity, fields must be populated with a value of ‘0’.
63	nbboSource	nbboSourceCodeSet		Source of the NBBO data used. If nbboSource is ‘NA’, NBBO price and quantity fields must be populated with a value of ‘0’ and the nbboTimestamp must be blank.
64	nbboTimestamp	Timestamp		The date/time at which the NBBO was referenced upon the receipt of the order. Must be blank if nbboSource is ‘NA’.
62	multiLegInd	multiLegIndCodeSet	Y	Indicates when the Child Order was originated from a multi-leg order event. Refer to Section 5.2 for additional guidance.
48	infoBarrierID	Text		Specifies the identifier of the information barrier in place for a trading unit that will meet the criteria of the “no-knowledge” exception in FINRA Rule 5320.02. Any alphanumeric not containing a delimiter.
70	netPrice	Price		The net price of the order when tied to stock, tied to fixed income, tied to futures, tied to a non-CAT reportable product, or part of another trading strategy in which the order is traded at a net price. When netPrice is populated, the price field must be blank or populated with a value of zero. Refer to CAT FAQ B71 for additional information.

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ChildOrder (MECO)