Thomas Gira is the Executive Vice President of Market Regulation and Transparency Services.
Mr. Gira oversees FINRA’s Market Regulation Department, which provides regulatory services to U.S. exchanges, including, among others, NASDAQ’s family of U.S. markets, The New York Stock Exchange's family of U.S. markets, the Chicago Board Options Exchange’s markets, the BATS family of U.S. markets and the Individual Investors Exchange. Market Regulation also regulates Trade Reporting Facilities, FINRA’s Alternative Display Facility, the over-the-counter market, and corporate and municipal bonds.
By combining FINRA’s trading data with data from its client exchanges, Market Regulation conducts comprehensive cross market equity surveillance for U.S.-listed equities and options markets. Market Regulation conducts surveillance for, among other things, manipulative trading algorithms, best execution, trade reporting, order exposure rules for options, OATS, Regulation NMS, short sales, fixed income pricing, Regulation M and order handling.
Mr. Gira also oversees FINRA’s Transparency Services Department, which is responsible for the operation of FINRA’s trade reporting facilities. These facilities include the Trade Reporting and Compliance Engine (TRACE), the FINRA facility for reporting and disseminating corporate bond, agency debenture and securitized product transactions; the Alternative Display Facility, FINRA's listed equity quote and trade reporting vehicle; the trade reporting facilities, FINRA's joint ventures with the exchanges for printing listed equity trades; and the over-the-counter equity transparency facilities, including the OTC Bulletin Board.
Before joining FINRA in 1992, Mr. Gira was an Associate General Counsel of The NASDAQ Stock Market, Inc. Prior to that, he was Branch Chief for Options and Derivative Products Regulation within the Division of Market Regulation at the SEC.
Mr. Gira is a graduate of Wake Forest University, where he received a bachelor’s degree in economics. He received his law degree from the University of Maryland.