The same order leaves a different trail depending on where it trades and how it behaves. This walkthrough traces one synthetic cash-equity order across three regulatory surfaces — what gets reported, what surveillance derives from it, and what, if anything, a firm must report as suspicious — and lets you follow any single event from one surface to the next.
Every record below is generated from a seeded, deterministic model — the data is invented, the field structures follow the regulations. Choose a market and a scenario to begin.