TRF Announcements Archive

Posted: August 25, 2014

Holiday Reminder Regarding TRF Market Data

 

In observation of Labor Day, the TRF Systems will be closed on Monday, September 1, 2014. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption.  Please contact FINRA Operations at (866) 776-0800 if you have any questions. 


Posted: August 15, 2014

Trading of Vascular Biogenics Ltd.

Member firms that engaged in trading of Vascular Biogenics Ltd. (VBLX) from July 31, 2014, to August 7, 2014, should be aware that all trades in VBLX issues have been reversed and removed from the consolidated tape systems. Therefore, no additional action is required from firms to resolve any transactions on the tape in this security. Please direct questions concerning this notice via email to FINRA Product Management or call (866) 899-2107.


Posted: August 8, 2014

Trades in Vascular Biogenics

 

Member firms that engaged in trading of Vascular Biogenics Ltd. (VBLX) from July 31, 2014, to August 7, 2014, are advised to refer to the following NASDAQ OMX Regulatory Message. FINRA member firms should take no corrective action at this time with regard to prior trades in VBLX. FINRA will provide additional guidance regarding any required processing.


Posted: June 26, 2014

Holiday Reminder Regarding TRF Market Data

 

In observation of Independence Day, the TRF Systems will be closed on Friday, July 4, 2014. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption.  

 

Please be advised that the TRF systems will close early on Thursday, July 3, 2014 at 1 p.m., E.T. See the tables below for a schedule of modified hours. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 

NYSE:

Market SessionNormal HoursModified Hours for
Thursday, July 3, 2014
Pre Market Session8 a.m. to 9:30 a.m.8 a.m. to 9:30 a.m.
Regular Market Session9:30 a.m. to 4 p.m.9:30 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8 p.m.1 p.m. to 5:02 p.m.

 

NASDAQ:

Market SessionNormal HoursModified Hours for
Thursday, July 3, 2014
Pre Market Session8 a.m. to 9:30 a.m.8 a.m. to 9:30 a.m.
Regular Market Session9:30 a.m. to 4 p.m.9:30 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8 p.m.1 p.m. to 5:02 p.m.

 


Posted: May 19, 2014

Holiday Reminder

 

In observation of Memorial Day, the TRF Systems will be closed on Monday, May 26, 2014. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


 

Posted: April 11, 2014

Holiday Reminder

 

In observation of Good Friday, the TRF Systems will be closed on Friday, April 18, 2014. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


 

Posted: February 10, 2014

Holiday Reminder

 

In observation of Presidents’ Day, the TRF Systems will be closed on Monday, February 17, 2014. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


 

Posted: January 13, 2014

Holiday Reminder

 

In observation of the Martin Luther King Day, the TRF Systems will be closed on Monday, January 20, 2014. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


 

Posted: December 24, 2013

Holiday Reminder

 

In observation of New Year’s Day, the TRF Systems will be closed on Wednesday, January 1, 2014. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


 

Posted: December 18, 2013

Holiday Reminder

 

In observation of Christmas, the TRF Systems will be closed on Wednesday, December 25, 2013. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption.

 

Please be advised that the TRF Systems will close early on Tuesday, December 24, 2013 at 1 p.m., E.T. See the tables below for a schedule of modified hours. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 

NYSE:

Market SessionNormal HoursModified Hours for
Tuesday, December 24, 2013
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8 p.m.1 p.m. to 5:02 p.m.

 

NASDAQ:

Market SessionNormal HoursModified Hours for
Tuesday, December 24, 2013
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8:02 p.m.1 p.m. to 5:02 p.m.

Posted: November 21, 2013

Holiday Reminder

 

In observation of the Thanksgiving holiday, the TRF Systems will be closed on Thursday, November 28, 2013. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption.

 

Please be advised that the TRF Systems will close early on Friday, November 29, 2013 at 1 p.m., E.T. See the tables below for a schedule of modified hours. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 

NYSE:

Market SessionNormal HoursModified Hours for
Friday, November 29, 2013
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8 p.m.1 p.m. to 5:02 p.m.

 

NASDAQ:

Market SessionNormal HoursModified Hours for
Friday, November 29, 2013
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8:02 p.m.1 p.m. to 5:02 p.m.

 


 

Posted: August 26, 2013

Holiday Reminder

 

In observation of Labor Day, the TRF Systems will be closed on Monday, September 2, 2013. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


 

Posted: August 22, 2013

Update: NASDAQ Trading Halt

 

In conjunction with the exchange review of the Tape C system issue and related regulatory halt, FINRA is invoking its clearly erroneous trade break authority under FINRA Rule 11892 to break all trades in Tape C securities on Thursday, August 22, 2013, after 12:23:31 p.m. up and until the primary market resumes at 15:25:00 p.m. for the relevant securities. FINRA member firms are instructed to cancel all related trades executed during that time period and that were reported to a FINRA Exchange TRF.

 


 

Posted: June 25, 2013

Holiday Reminder

 

In observation of Independence Day, the TRF Systems will be closed on Wednesday, July 3, 2013. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption.

 

Please be advised that the TRF systems will close early on Wednesday, July 3, 2013 at 1 pm, E.T. See the tables below for a schedule of modified hours. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 

NYSE:

 

Market SessionNormal HoursModified Hours for
Wednesday, July 3, 2013
Regular Market Session8:00 a.m. to 4:00 p.m.8:00 a.m. to 1:00 p.m.
Post-Market Trading Session4:00 p.m. to 8:00 p.m.1:00 p.m. to 4:00 p.m.

 

NASDAQ:

 

Market SessionNormal HoursModified Hours for
Wednesday, July 3, 2013
Regular Market Session8:00 a.m. to 4:00 p.m.8:00 a.m. to 1:00 p.m.
Post Trading Session 1:00 p.m. to 5:02 p.m.

 

Posted: May 20, 2013

Holiday Reminder

 

In observation of Memorial Day, the TRF Systems will be closed on Monday, May 27, 2013. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


 

Posted: March 22, 2013

Holiday Reminder

 

In observation of Good Friday, the TRF Systems will be closed on Friday, March 29, 2013. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


 

Posted: February 11, 2013

Holiday Reminder

 

In observation of the Presidents’ Day, the TRF Systems will be closed on Monday, February 18, 2013. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


 

Posted: January 14, 2013

Holiday Reminder

 

In observation of the Martin Luther King Day, the TRF Systems will be closed on Monday, January 21, 2013. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


 

Posted: December 24, 2012

Holiday Reminder

 

In observation of New Year’s Day, the TRF Systems will be closed on Tuesday, January 1, 2013. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


 

Posted: December 17, 2012

Holiday Reminder

 

In observation of Christmas, the TRF Systems will be closed on Tuesday, December 25, 2012. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 

Please be advised that the TRF Systems will close early on Monday, December 24, 2012 at 1 pm, E.T. See the tables below for a schedule of modified hours. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 

NYSE:

Market SessionNormal HoursModified Hours for Monday,
December 24, 2012
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8 p.m.1 p.m. to 5:02 p.m.

NASDAQ:

Market SessionNormal HoursModified Hours for Friday,
December 24, 2012
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8:02 p.m.1 p.m. to 5:02 p.m.

 

Posted: November 15, 2012

Holiday Reminder

 

In observation of the Thanksgiving holiday, the TRF Systems will be closed on Thursday, November 22, 2012. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption.

 

Please be advised that the TRF Systems will close early on Friday, November 23, 2012 at 1 p.m., E.T. See the tables below for a schedule of modified hours. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 

NYSE:

Market SessionNormal HoursModified Hours for Friday,
November 23, 2012
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8 p.m.1 p.m. to 5:02 p.m.

NASDAQ:

Market SessionNormal HoursModified Hours for Friday,
November 23, 2012
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8:02 p.m.1 p.m. to 5:02 p.m.

 


 

Posted: August 27, 2012

Holiday Reminder

 

In observation of Labor Day, the TRF Systems will be closed on Monday, September 3, 2012. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


 

Posted: June 26, 2012

Holiday Reminder

 

In observation of Independence Day, the TRF Systems will be closed on Wednesday, July 4, 2012. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption.

 

Please be advised that the TRF Systems will close early on Tuesday, July 3, 2012 at 1 pm, E.T. See the tables below for a schedule of modified hours. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 

NYSE: 

Market SessionNormal HoursModified Hours for
Tuesday, July 3, 2012
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8 p.m.1 p.m. to 5:02 p.m

 

NASDAQ: 

Market SessionNormal HoursModified Hours for
Tuesday, July 3, 2012
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8:02 p.m.1 p.m. to 5:02 p.m

 


Posted: May 21, 2012

Holiday Reminder

 

In observation of Memorial Day, the TRF Systems will be closed on Monday, May 28, 2012. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


Posted: March 30, 2012

Holiday Reminder

 

In observation of Good Friday, the TRF Systems will be closed on Friday, April 6, 2012. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


Posted: February 13, 2012

Holiday Reminder

 

In observation of Presidents’ Day, the TRF Systems will be closed on Monday, February 20, 2012. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


Posted: January 9, 2012

Holiday Reminder

 

In observation of the Martin Luther King Day, the TRF Systems will be closed on Monday, January 16, 2012. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


Posted: December 23, 2011

New Year's Day Holiday Reminder

 

In observation of New Year's Day, the TRF Systems will be closed on Monday, January 2, 2012. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


Posted: December 19, 2011

Christmas Holiday Reminder

 

In observation of Christmas, the TRF Systems will be closed on Monday, December 26, 2011. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 


Posted: November 18, 2011

Holiday Reminder

In observation of the Thanksgiving holiday, the TRF Systems will be closed on Thursday, November 24, 2011. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption. 

Please be advised that the TRF Systems will close early on Friday, November 25, 2011 at 1 pm, E.T. See the tables below for a schedule of modified hours. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

NYSE:

 

Market SessionNormal HoursModified Hours for Friday,
November 25, 2011
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8 p.m.1 p.m. to 4 p.m.

 

NASDAQ:

Market SessionNormal HoursModified Hours for Friday,
November 25, 2011
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8:02 p.m.1 p.m. to 5:02 p.m.

Posted: August 29, 2011

Holiday Reminder

In observation of Labor Day, the TRF Systems for the following exchanges will be closed on Monday, September 5, 2011: NYSE and NASDAQ. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.


Posted: August 28, 2011

Normal Open Following Hurricane Irene

All FINRA facilities will open as normal on Monday, August 29.


Posted: June 27, 2011

Holiday Reminder

In observation of Independence Day, the TRF Systems for the following exchanges will be closed on Monday, July 4, 2011: NYSE and NASDAQ. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.


Posted: May 23, 2011

Holiday Reminder

In observation of Memorial Day, the TRF Systems for the following exchanges will be closed on Monday, May 30, 2011: NYSE and NASDAQ. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.


Posted: April 15, 2011

Holiday Reminder

In observation of Good Friday, the TRF Systems for the following exchanges will be closed on Friday, April 22, 2011: NYSE and NASDAQ. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.


Posted: February 11, 2011

Holiday Reminder

In observation of Presidents' Day, the TRF Systems for the following exchanges will be closed on Monday, February 21, 2011: NYSE and NASDAQ. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.


Posted: January 13, 2011

Holiday Reminder

In observation of Martin Luther King Jr. Day, the TRF Systems for the following exchanges will be closed on Monday, January 17, 2011: NYSE and NASDAQ. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.


Posted: December 15, 2010

Holiday Reminder

In observation of the Christmas holiday, the TRF Systems will be closed on Friday, December 24, 2010. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption.  Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.


Posted: November 12, 2010

Holiday Reminder

In observation of the Thanksgiving holiday, the TRF Systems will be closed on Thursday, November 25, 2010. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption.

 

Please be advised that the TRF Systems will close early on Friday, November 26, 2010 at 1 p.m., E.T. See the tables below for a schedule of modified hours. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 

NYSE:
Market SessionNormal HoursModified Hours for Friday,
November 26, 2010
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8 p.m.1 p.m. to 4 p.m.

 

NASDAQ:
Market SessionNormal HoursModified Hours for Friday,
November 26, 2010
Regular Market Session8 a.m. to 4 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session4 p.m. to 8:02 p.m.1 p.m. to 5:02 p.m.

Posted: September 10, 2010

Update to Daily and Monthly Short Sale File Layouts

On November 10, 2010 the Daily Short Sale Volume and Monthly Short Sale Volume File Layouts will be changing. To view file layout changes please see the Regulation SHO page.


Posted: May 7, 2010

Clearly Erroneous Ruling

Pursuant to FINRA Rule 11890 FINRA, on its own motion, in conjunction with the Unlisted Trading Privileges (UTP) Exchanges has determined to cancel all trades executed on Thursday May 6, 2010, between 14:40:00 and 15:00:00 ET that were greater than 60 percent above or less than 60 percent below the consolidated last print in that security at 14:40:00 ET or immediately prior (if no last sale occurred at 14:40:00 ET). This decision cannot be appealed. FINRA is giving notice that these trades are to be canceled and that firms should contact FINRA Operations directly for further instructions at 866-776-0800.

 

Refer to the list of affected securities and the break points (PDF 429 KB).


Posted: May 4, 2009

Educational Phone Conference and Web Presentation: Changes to FINRA’s Equity Trade Reporting Rules 

On Monday, August 3, 2009, firms’ trade reporting obligations for over-the-counter (OTC) equity transactions will change (see Regulatory Notice 09-08). FINRA is hosting an educational telephone conference that addresses the new requirements on Thursday, June 11, 2009, at 4:15 p.m., ET. See information on how to join the telephone conference and Web presentation.


Posted: December 1, 2008

FINRA/NSX TRF

The FINRA/NSX TRF will cease operation at the close of business on Wednesday, December 31, 2008. As of that date, any FINRA member that is a participant of the FINRA/NSX TRF must use an alternative mechanism to satisfy its trade reporting obligations under FINRA rules.


Posted: May 12, 2008

FINRA/NYSE TRF
The SEC has approved a proposed rule change to increase the percentage of market data revenue shared with FINRA members that report trades to the FINRA/NYSE TRF. Pursuant to NASD Rule 7001E, a member that reports trades to the FINRA/NYSE TRF will receive 100% of the Tape A, Tape B and Tape C revenue earned by the FINRA/NYSE TRF that is attributable to the member. The proposed rule change is effective retroactive to April 18, 2007.


Posted: May 12, 2008

FINRA/NSX TRF
The SEC has approved a proposed rule change to increase the percentage of market data revenue shared with FINRA members that report trades to the FINRA/NSX TRF. Pursuant to NASD Rule 7001C, a member that reports trades to the FINRA/NSX TRF will receive 75% of the Tape A, Tape B and Tape C revenue earned by the FINRA/NSX TRF that is attributable to the member. The proposed rule change is effective retroactive to April 1, 2007.


Posted: May 12, 2008

FINRA/NASDAQ TRF
The SEC has approved a proposed rule change to modify the percentage of market data revenue shared with FINRA members that report trades to the FINRA/NASDAQ TRF. Pursuant to NASD Rule 7001B, a member that reports trades to the FINRA/NASDAQ TRF will receive a percentage of the Tape A, Tape B and Tape C revenue earned by the FINRA/NASDAQ TRF that is attributable to the member and the percentage will be based on the member's "Market Share." Under the rule, "Market Share" is defined as the percentage calculated by dividing the total number of shares represented by trades reported by a member to the FINRA/NASDAQ TRF during a given calendar quarter by the total number of shares represented by all trades reported to the applicable Securities Information Processor, and is calculated separately for Tape A, Tape B and Tape C. The proposed rule change is effective retroactive to January 1, 2008.


Posted: March 19, 2008

FINRA/NSX TRF
Effective on February 6, 2008, pursuant to NASD Rule 7003C, the FINRA/NSX TRF began charging FINRA members a fee in the amount of $0.0075 for each "non-media report" submitted to the FINRA/NSX Trade Reporting Facility. A non-media report is defined in NASD Rule 7003C as any report submitted by the member to the FINRA/NSX Trade Reporting Facility that is not submitted by the FINRA/NSX Trade Reporting Facility to the Consolidated Tape Association or the Nasdaq Securities Information Processor.


Posted: March 11, 2008

Important Notice for Firms
Effective April 14, 2008, the Consolidated Tape Association ("CTA") Plan will disseminate the actual number of shares for each transaction reported in CTA-eligible securities (exclusive of transactions in odd-lots). This change will make the CTA Plan dissemination protocol consistent with the current Nasdaq Unlisted Trading Privileges ("UTP") Plan dissemination protocol.

 


 

Posted: January 2, 2008

FINRA/NSX TRF

Effective January 2, 2008, the FINRA/NSX TRF will accept reports of non-regular way settlement, prior reference price, Stop Stock and weighted average price transactions. Members must use the appropriate trade report modifiers and otherwise report such transactions in accordance with FINRA's rules. 


Posted: October 3, 2007

Important Notice for Firms
Effective October 5, 2007 FINRA member firms are no longer required to submit trades marked short exempt via a FINRA Trade Reporting Facility other than when applicable on “as of” trades with a trade date earlier than October 5, 2007.

 

FINRA Trade Reporting Facilities technical updates:

  • FINRA/Nasdaq TRFTM
  • FINRA/NSX TRFTM
  • FINRA/NYSE TRFTM
    Effective Friday October 5, 2007, as part of the elimination of the price or "tick" test for short sales, which went into effect on July 6, 2007 (see Exchange Act Release No. 55970 (June 28, 2007)), the FINRA/NYSE Trade Reporting Facility will no longer accept Sell Short Exempt Orders.  Any orders marked Sell Short Exempt will be rejected back to the sending party.

Posted: September 21, 2007

FINRA/BSE TRF
The FINRA/BSE TRF will cease operation at the close of business on Friday, September 21, 2007.  As of that date, any member that is a participant of the FINRA/BSE TRF must use an alternative mechanism to satisfy its trade reporting obligations under FINRA rules.


Member Alert

Notice of NASD Hotline for Regulation NMS Questions 

 

FINRA Self-Help Email Address

Trade Reporting Facilities (TRFs) and the Alternative Display Facility (ADF) are not considered trading centers or SRO trading facilities under SEC Regulation NMS and its Order Protection Rule. However, the participants in the TRFs and the ADF are considered trading centers and under appropriate circumstances, can invoke the self-help exception under the SEC Regulation NMS Order Protection Rule. Therefore, electronic notifications indicating the invocation of the self-help exception should be directed to the trading centers utilizing either the ADF or  TRFs and copies of the notifications should be sent to FINRA. In addition, trading centers utilizing either the ADF or TRFs should copy FINRA on any self-help notifications that they receive indicating that the self-help exception has been declared against them and copy FINRA on any electronic notifications sent by them to another trading center indicating the declaration of the self-help exception.

 

FINRA Self-Help Email Address: selfhelp@finra.org


Member Alert

Exemptive Relief from Certain Trade Reporting Requirements Related to Regulation NMS. View more information.


FINRA/NYSE TRF

FINRA filed with the SEC for immediate effectiveness a proposed rule change to extend the system closing time of the FINRA/NYSE Trade Reporting Facility from 6:30 p.m. until 8:00 p.m. See SR-NASD-2007-037. The proposed rule change will become operative on Monday, July 16, 2007, and as of that date, the FINRA/NYSE Trade Reporting Facility hours will be from 8:00 a.m. to 8:00 p.m.


The FINRA/NYSE Trade Reporting Facility is scheduled to commence operation on Wednesday, April 18, 2007, with respect to Nasdaq-listed and CQS-listed securities. Operation with respect to all securities will be phased-in, in accordance with the Rollout Schedule. FINRA members that meet the requirements for participation in the FINRA/NYSE Trade Reporting Facility must comply with the NASD Rule 4000E Series and NASD Rule 6000E Series, as well as all other applicable rules (Rule Filings: SR-NASD-2007-011; SR-NASD-2007-025).


Uniform Give Up Agreement

Read an important notice to all TRF, ADF and other FINRA facility participants regarding AGU and QSR relationships.

 

FINRA understands that, despite diligent efforts, some firms will be unable to meet the February 26, 2007 deadline for executing and submitting the required documentation in accordance with the above notice. If your firm is having difficulties obtaining or submitting the required documentation, you can request an extension by contacting FINRA Operations immediately via email. Please provide the following information: (1) your firm name; (2) the names of the participants for which you have still not received the necessary paperwork; (3) whether there is an existing QSR relationship for those participants supported by the necessary paperwork; and (4) the date you expect to have all paperwork executed and submitted.


FINRA/NSX TRF

The FINRA/NSX Trade Reporting Facility, which was approved by the SEC on November 6, 2006, is scheduled to commence operation on Monday, November 27, 2006, with respect to Nasdaq-listed securities. Operation with respect to Nasdaq-listed securities will be phased-in, in accordance with the Rollout Schedule. The FINRA/NSX TRF will accept trade reports for CQS listed securities on Tuesday, February 20, 2007. FINRA members that meet the requirements for participation in the FINRA/NSX Trade Reporting Facility must comply with the NASD Rule 4000C Series and Rule 6000C Series, as well as all other applicable rules.
 
Pursuant to recent amendments to the NASD By-Laws, members are required to report to FINRA in an automated manner all transactions that must be reported to FINRA and that are subject to a regulatory transaction fee pursuant to Section 3 of Schedule A to the NASD By-Laws ("Section 3"). As of December 15, 2006, the FINRA/NSX TRF will permit reporting in eligible securities of odd-lot transactions, sales where the buyer and seller have agreed to a price substantially unrelated to the current market for the security (also referred to as "away from the market sales"), and purchases or sales of securities effected upon the exercise of an over-the-counter ("OTC") option for purposes of Section 3. If members use the FINRA/NSX TRF to report such transactions to FINRA, they must include a special indicator denoting that such transactions are reported in accordance with Section 3 as set forth in NASD Rule 6130C(f).
 
The FINRA/NSX TRF will begin accepting trade reports for over-the-counter transactions in CQS listed securities on Tuesday, February 20, 2007. Operation with respect to CQS listed securities will be phased-in, in accordance with the Rollout Schedule.

 

As of February 26, 2007, the FINRA/NSX TRF can accept trade reports on a next day or "as/of" basis and the automatic cancellation of trades previously reported to the FINRA/NSX TRF.  Members must report such trades in accordance with the recent rule change.


Posted: February 11, 2011

Holiday Reminder

In observation of Presidents' Day, the TRF Systems for the following exchanges will be closed on Monday, February 21, 2011: NYSE and NASDAQ. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.