BROWSE BY TOPIC
- Bad Brokers
- Compliance Concepts
- Investor Protection
- Investments - Unsuitable
- Investments - Strategies
- Investments - Private
- Features/Scandals
- Companies
- Technology/Internet
- Rules & Regulations
- Crimes
- Investments
- Bad Advisors
- Boiler Rooms
- Hirings/Transitions
- Terminations/Cost Cutting
- Regulators
- Wall Street News
- General News
- Donald Trump & Co.
- Lawsuits/Arbitrations
- Regulatory Sanctions
- Big Banks
- People
TRENDING TAGS
Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
ABOUT FINANCIALISH
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
SUBSCRIBE FOR
NEWSLETTERS & ALERTS
CBOE: Order Origin Code Requirements
April 27, 2012
CBOE reminds Trading Permit Holders (TPHs) of the Exchange's rules governing the requirement to record the appropriate account origin code when accepting orders electronically, via telephone or in-person. Since various rules of trading procedure distinguish between orders of differing origin, the correct code must be recorded on all orders at the time of entry to insure proper execution.
Current CBOE Order Origin Codes
"B" for the account of a broker/dealer, including foreign broker/dealers, even though the account may clear in the customer range at OCC
"C" for non-broker/dealer customer account orders
"D" for non-TPH broker/dealers1
"F" for OCC clearing member firm proprietary account orders
"L" for TPH affiliates, i.e. wholly-owned subsidiaries of CBOE TPHs that are hedging the OTC activity of the TPH2
"M" for member market-maker orders
"N" for orders in the account of a market-maker or specialist on another options exchange
"W"3 for orders for the account of non-broker/dealer customer accounts who (i) place more than 390 orders in listed options per day on average during a calendar month for their own beneficial account(s) pursuant to Exchange Rule 1.1(ggg) (i.e. “Professionals”) or (ii) voluntarily have their orders categorized as broker/dealer orders for order handling, order execution and cancel fee calculation purposes pursuant to Exchange Rule 1.1(fff) (i.e. “Voluntary Professionals”)
"Y" for orders in the account of a specialist registered in the underlying stock at the
primary exchange for trading the stock
For FLEX Options, orders for TPHs must use origin code B, F or M and orders for non-TPHs must use origin codes D, L, N, or Y, as appropriate.
A quick reference guide for properly marking orders is also attached.
Please be advised that failure to obtain and record the correct account origin may constitute a violation of Exchange Rule 6.51. Clearing members and member organizations should assure that persons receiving orders are instructed to obtain and record the appropriate origin code information. Questions regarding this circular may be directed to the Regulatory Interpretations & Guidance team at (312) 786-8141 or reginterps@cboe.com.
[CBOE RegCirc 12-57, 4/20/12]

