---
kind: "section"
citation: "17 C.F.R. § 242.302"
title: "17"
number: "242.302"
heading: "Recordkeeping requirements for alternative trading systems."
url: "https://uscodex.org/cfr/17/242.302"
---

# §242.302. Recordkeeping requirements for alternative trading systems.


To comply with the condition set forth in [paragraph (b)(8)](/cfr/17/242.301.md?p=b-8) of § 242.301, an alternative trading system shall make and keep current the following records:

- (a) 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);
- (b) **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—**
    - (i) Number of trades;
    - (ii) Number of shares traded; and
    - (iii) Total settlement value in terms of U.S. dollars; and
  - (3) **Transaction volume, expressed with respect to debt securities in—**
    - (i) Number of trades; and
    - (ii) Total U.S. dollar value; and
- (c) **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](/cfr/17/80A.md);
  - (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.**

## Notes

### Source

Source: Sections 242.300 through 242.303 appear at 63 FR 70921, Dec. 22, 1998, unless otherwise noted.

### Authority

Authority: 15 U.S.C. 77g, 77q(a), 77s(a), 78b, 78c, 78c-4, 78g(c)(2), 78i(a), 78j, 78k-1(c), 78 l, 78m, 78n, 78 o (b), 78 o (c), 78 o (g), 78q(a), 78q(b), 78q(h), 78w(a), 78dd-1, 78mm, 80a-23, 80a-29, 80a-37, and 8343.

### Source

Source: 62 FR 544, Jan. 3, 1997, unless otherwise noted.