09/16/2002
Please call David Sherman, Manager, Trade Processing, Floor Department, at 299-2061 if you have any questions regarding use of the "allo" account.
[Additions to Rule 4.82(f) are bracketed. Sections (a) through (e) remain the same.]
4.82 - Submission of Trade Data
(f) Trade Allocation
(1) If a member or member firm receives an order or series of orders which, if filled, either partially or fully, will require allocation of trades between or among multiple accounts, the member or member firm may input the data pertaining to the trade executions into a specially designated allocation account to facilitate trade check-out and data processing of such trades.
(2) For the purposes of compliance with the input schedule set forth in section (c) of this rule, if the member or member firm has not received specific allocation instructions prior to trade execution or the volume of orders required to be allocated is such that the member or member firm cannot input all date elements needed to separately identify each account for which trades were executed before the prescribed submission deadline, the member or member firm shall transmit the trade to the Exchange using an aggregate account identifier that will distinguish the traded placed in the allocation account from all other trades for which data is being submitted.
(3) After initial input of data for the allocation account, the member or member firm shall input specific account identification for each contract purchased or sold. [Specific account identification for each contract purchased or sold must be entered as soon as practicable but in no event later than the day of execution, prior to the end of the correction period, as described in paragraph (c) above.]
(4) If the member or member firm has not allocated a trade or trades held in an allocation account by the end of the correction period on the day of trade execution, the trade or trades shall be placed in the account of the executing floor member at his PCM.