LTSE Extends Trade Reporting Deadline Relief
Published Date: 7/15/2025
Notice
Summary
The Long-Term Stock Exchange (LTSE) is updating a rule to extend a special timing exemption for reporting stock trades from April 2025 to April 2030. This change affects traders and firms using LTSE by giving them more time to meet new detailed timestamp rules without penalties. It’s effective immediately, so everyone can keep rolling smoothly without rushing to meet the old deadline.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Timestamp Exemption Extended to 2030
If you are a trading firm or other Industry Member that reports trade data to the Consolidated Audit Trail (CAT), the SEC has extended the special timing exemption from April 8, 2025 to April 8, 2030. This means you have five more years (until April 8, 2030) to continue using the existing truncated timestamp practice without being required to change to a different submission method.
Truncate (Not Round) Timestamps Continues
If your order or execution systems capture timestamps more precise than nanoseconds, you must continue to truncate timestamps after the nanosecond level (rather than rounding) when submitting CAT data. That reporting practice is required to remain in effect until April 8, 2030.
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