Trade Conditions

CTS

The tables below show codes for trade conditions that were applicable at the time the page was published. For more information, see pages 111-112 of the Consolidated Tape System (CTS) Output Multicast Interface Specification.

Sale Condition (1-byte Representation)

Code Value Code Value
B Average Price Trade Q Market Center Official Open
C Cash Trade (Same Day Clearing) R Seller
D Distribution T Extended Hours Trade
E Automatic Execution U Extended Hours Sold (Out of Sequence)
F Intermarket Sweep Order V Stock-Option Trade
G Bunched Sold Trade X Cross Trade
H Price Variation Trade Z Sold (Out of Sequence)
I Odd Lot Trade 4 Derivatively priced
K Rule 127 (NYSE only) or Rule 155 (NYSE MKT only) 5 Market Center Reopening Trade
L Sold Last (Late Reporting) 6 Market Center Closing Trade
M Market Center Official Close 7 Reserved
N Next Day Trade (Next Day Clearing) 8 Reserved
O Market Center Opening Trade 9 Corrected Consolidated Close Price as per Listing Market
P Prior Reference Price    

Sale Condition (4 byte representation)

Category 1
Settlement Type
Category 2
Reason for Trade-Through Exemption/Other
Category 3
Extended Hours/Sequence Type
Category 4
SRO Required Detail
C
Cash Trade (Same Day Clearing)
F
Intermarket Sweep Order
L
Sold Last (Late Reporting)
B
Average Price Trade
N
Next Day Trade (Next Day Clearing)
O
Market Center Opening Trade
T
Extended Hours Trade
E
Automatic Execution
R
Seller
4
Derivatively Priced
U
Extended Hours Sold (Out of Sequence)
H
Price Variation Trade
5
Market Center Reopening Trade
Z
Sold (Out of Sequence)
I
Odd Lot Trade
6
Market Center Closing Trade
K
Rule 127 (NYSE only) or Rule 155 (NYSE MKT only)
7
Reserved
M
Market Center Official Close
8
Reserved
P
Prior Reference Price
9
Corrected Consolidated Close Price as per Listing Market
Q
Market Center Official Open
V
Stock-Option Trade
X
Cross Trade

UTDF

The tables below show codes for trade conditions that were applicable at the time the page was published. For more information, see pages 6-15 and 6-16 of the Direct Subscriber Interface Specification for the UTP Plan.

Sale Condition (1-byte Representation)

Code Value Code Value
A Acquisition S Split Trade
B Bunched Trade T Form T
C Cash Sale U Extended trading hours (Sold Out of Sequence)
D Distribution V Stock-Option Trade
E Placeholder for future use W Average Price Trade
F Intermarket Sweep X Cross Trade
G Bunched Sold Trade Y Yellow Flag Regular Trade
H Price Variation Trade Z Sold (out of Sequence)
I Odd Lot Trade 1 Stopped Stock (Regular Trade)
K Rule 155 Trade (AMEX) 2 Stopped Stock — Sold Last
L Sold Last 3 Stopped Stock — Sold (Out of Sequence)
M Market Center Official Close 4 Derivatively priced
N Next Day 5 Re-Opening Prints
O Opening Prints 6 Closing Prints
P Prior Reference Price 7 Placeholder For 611 Exempt
Q Market Center Official Open 8 Placeholder For 611 Exempt
R Seller 9 Corrected Consolidated Close (per listing market)

Sale Condition (4 byte representation)

Level1 – Byte Settlement Type Level 2 – Byte Reason for TT Exemption Level 3 Byte Extended Hours or Sold Level 4 – Byte SRO Trade Detail
  F = Intermarket Sweep T = Form T 1 = Stopped Stock
C = Cash O = Opening Prints L = Sold Last A = Acquisition
N = Next Day 4 = Derivatively Priced Z = Sold (Out of Sequence) B = Bunched
R = Seller 5 = Re-Opening Prints U = Extended Trading Hours Sold (Out of Sequence) D = Distribution
Y = Yellow Flag 6 = Closing Prints E = Placeholder
7 = Placeholder For 611 Exempt G = Bunched Sold Trade
8 = Placeholder For 611 Exempt H = Price Variation Trade
9 = Corrected Consolidated Close (per listing market) I = Odd Lot Trade
K = Rule 155
M = Market Center Official Close Price
P = Prior Reference Price
Q = Market Center Official Open Price
S = Split Trade
V = Stock-Option Trade
W = Average Price Trade
X = Cross Trade

OPRA

The table below shows codes for trade conditions that were applicable at the time the page was published. For more information, see page 17 of the OPRA Binary Participant Interface Specification.

Code Value
A CANC Transaction previously reported (other than as the last or opening report for the particular option contract) is now to be cancelled.
B OSEQ Transaction is being reported late and is out of sequence; i.e., later transactions have been reported for the particular option contract.
C CNCL Transaction is the last reported for the particular option contract and is now cancelled.
D LATE Transaction is being reported late, but is in the correct sequence; i.e., no later transactions have been reported for the particular option contract.
E CNCO Transaction was the first one (opening) reported this day for the particular option contract. Although later transactions have been reported, this transaction is now to be cancelled.
F OPEN Transaction is a late report of the opening trade and is out of sequence; i.e., other transactions have been reported for the particular option contract.
G CNOL Transaction was the only one reported this day for the particular option contract and is now to be cancelled.
H OPNL Transaction is a late report of the opening trade, but is in the correct sequence; i.e., no other transactions have been reported for the particular option contract.
J REOP Transaction is a reopening of an option contract in which trading has been previously halted. Prefix appears solely for information; process as a regular transaction.
K AJST Transaction is an option contract for which the terms have been adjusted to reflect a stock dividend, stock split, or similar event. Prefix appears solely for information; process as a regular transaction.
L SPRD Transaction represents a trade in two options in the same class (a buy and a sell in the same class). Prefix appears solely for information; process as a regular transaction.
M STDL Transaction represents a trade in two options in the same class (a buy and a sell in a put and a call). Prefix appears solely for information; process as a regular transaction.
N STPD Transaction is the execution of a sale at a price agreed upon by the floor personnel involved, where a condition of the trade is that it reported following a non-stopped trade of the same series at the same price.
O CSTP Cancel stopped transaction.
P BWRT Transaction represents the option portion of an order involving a single option leg (buy or sell of a call or put) and stock. Prefix appears solely for information: process as a regular transaction.
Q CMBO Transaction represents the buying of a call and the selling of a put for the same underlying stock or index. Prefix appears solely for information; process as a regular transaction.
R SPIM Transaction was the execution of an order which was “stopped” at a price that did not constitute a Trade-Through on another market at the time of the stop. Process like a normal transaction except don’t update “last”.
S ISOI Transaction was the execution of an order identified as an Intermarket Sweep Order. Process like normal
T BNMT Transaction reflects the execution of a “benchmark trade”. A “Benchmark Trade” is a trade resulting from the matching of “Benchmark Orders”. A “Benchmark Order” is an order for which the price is not based, directly or indirectly, on the quote price of the option at the time of the order’s execution and for which the material terms were not reasonably determinable at the time a commitment to trade the order was made. Process like a normal transaction except don’t update “last”.
X XMPT Transaction is Trade Through Exempt. The transaction should be treated like a regular sale.