This extension supports NASD Rule 2860(b)(5) which requires member firms to file, or cause to be filed, reports for each account that has an aggregate position of 200 or more options contracts (whether long or short) on the same side of the market covering the same side of the market covering the same underlying security or index. These reports are referred to as LOPRs.

“NASD Rule 2860(b)(5) requires member firms to file, or cause to be filed, reports for each account that has an aggregate position of 200 or more options contracts (whether long or short) on the same side of the market covering the same side of the market covering the same underlying security or index. These reports are referred to as LOPRs.” (NASD Notice 05-22 Mar 18, 2005) Currently, a NASD member firm “may comply with this requirement by filing, or ensuring that another firm files on its behalf, reports to SIAC.” (NASD Notice 05-22 Mar 18, 2005) Each exchange has a similar rule for large options reporting on file. The Self Regulatory Organizations (SROs) that receive LOPR information include the seven listed options exchanges and the Financial Industry Regulatory Authority (FINRA). SROs will sometimes be referred to as “the exchanges.” Since January, 1987, the Securities Industry Automation Corporation (SIAC) has been responsible for the electronic collection and distribution of Large Options Positions Reports (LOPRs) on a daily basis. Processing procedures at SIAC have been relatively unchanged since the system’s inception and several systems enhancements are currently proposed. The Intermarket Surveillance Group (ISG), the main consumer of the daily LOPR output, has asked the Options Clearing Corporation (OCC) to develop and host a new LOPR interface and data repository.

Update History

[Updated 2013-12-09] Updated FIXML Schema and FIX Repository files due to update to the FIX 5.0 SP2 base. See SP2 20131209 Errata Release Notes for details.

[Updated 2011-10-04] Repository updates, EP content not impacted.

[Updated 2011-10-04] FIXML Schema updated to correct generation errors.

[Updated 2011-11-21] FIX Repository and FIXML Schema updated after EP102 finalization.

Files list:
File
EP103 FIX Protocol Gap Analysis Proposal LOPR Extensions rev 0.81_ASBUILT.pdf
FIXRepository_FIX.5.0SP2_EP103.zip
fixmlschema_FIX.5.0SP2_EP103.zip

Total Files3
File Size1.43 MB
Create DateJune 19, 2017