Market Transparency

FINRA operates a number of systems that assist member firms in complying with FINRA reporting requirements and facilitate transparency in the applicable markets.

Alternative Display Facility (ADF)

Announcements | Contact | Participant Information And Legal Agreements | Participants | Documentation | Notices | Rules | SEC Interpretive Actions | Regulation SHO | News Releases | ADF Notifications Signup | System Status | Denial of Access

INSITE

FAQ

Order Audit Trail System (OATS)

Announcements | FAQ | Rules | Small Firm Resources | Registration and User Entitlement | OATS Report | OATS Expansion to all NMS Stocks | Technical Specifications | OATS Web Interface | Reportable Securities | OATS Archive

OTC Reporting Facility (ORF)

Forms & Documentation | Rules | Fees | Trading Halts | OTC Equity Short Interest | Reg SHO | Equity Trading Data | Contact Information

Trade Reporting and Compliance Engine (TRACE)

Announcements | Legal Agreements | System Status | Rule Filings | Notices | Documentation | News Releases | Fees | FAQ | Holiday Calendar | Contact Information | Business Continuity Plan | Corporate Bond Data | Structured Product Activity Reports and Tables

Trade Reporting Facility (TRF)

Announcements | Contact | Legal Agreements | Participants | Documentation | Rules | Regulation SHO | System Status

Uniform Practice Code (UPC)

Rules | Forms & Documentation | UPC Advisories | FAQ | Contacts | Committee