(FORMER) Commission Bills Indicators

The PER Merged Order Log provides unique codes for identifying how an execution was categorized, based on order terms, for commission bill processing. The table below provides a list of the available codes along with their definition.

Code	Definition
A	Non-billable -- All contra reports as part of opening (first report received from Display Book assumed to be the opening).
C	Non-billable -- All contra execution reports where the Specialist acted as principal (Prin. Traffic).
D	Billable -- All contra execution reports for Market-On-Close orders (MOC Traffic).
E	Billable -- Limit-On-Close (LOC) Orders.
F	Non-billable -- All contra execution reports for Market orders containing an order quantity of 30,099 shares or less.
G	Non-billable -- All contra execution reports for Market Orders containing an order quantity of 31,000 shares or more. (Note: GTC Market orders will be defined under categories "F" or "G". Only orders entered through on-Floor OET for the Display Book are eligible above 30,099 shares up to 100,000 shares.
H	Non-billable -- All contra execution reports for Limit orders containing an order quantity of 30,099 shares or less, and executed in less than two minutes (including 2 minutes).
I	Non-billable -- All contra execution reports for Limit orders containing an order quantity of 31,000 shares or more, executed in less than two minutes (including 2 minutes). See "G" for description.
J	Billable -- All contra execution reports for Limit orders containing an order quantity of 30,099 shares or less, executed in greater than two minutes. Non-regular-way or tick sensitive Limit orders.
K	Billable -- All contra execution reports for Limit orders containing an order quantity of 31,000 shares or more, executed in greater than two minutes. Non-regular-way or tick sensitive Limit orders.
l	Billable -- Market orders that are either: - Non-regular-way or tick sensitive, or - Stopped at one price and executed at a better price.

Machine Readable Output - (MRO Autoroute # 01012391 (Y2K compliant version)
Commission Bill information is located in Positions 385 through 389 (5 bytes) of the machine readable log. Each position represents one contra as follows:

Please call Amex Market Operations (212/306-1161) if there are any questions regarding the above.