Regulatory Notice 14-48

FINRA Requests Comment on a Proposal to Publish OTC Equity Volume Executed Outside Alternative Trading Systems

Comment Period Expires: Friday, January 9, 2015
The comment period has been extended to February 20, 2015.

Executive Summary

FINRA requests comment on a proposal to expand FINRA’s alternative trading system (ATS) transparency initiative to publish the remaining equity volume executed over-the-counter (OTC), including non-ATS electronic trading systems and internalized trades. FINRA believes that the public will be able to better understand a firm’s trading of equities off exchanges by reviewing the firm’s new OTC equity trading volume information together with its existing ATS volume reports.

The proposed rule text is set forth in Attachment A.

Questions concerning this Notice should be directed to:

  • Dave Chapman, Director, Market Regulation, at (240) 386-4995;
  • Brendan Loonam, Director, Business Services, at (212) 858-4203; or
  • Lisa Horrigan, Associate General Counsel, Office of General Counsel, at (202) 728-8190.
The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
1/7/2015Quincy Data, LLCPDF - 752.23 KB
2/12/2015IEX Services LLCPDF - 850.43 KB
2/20/2015SIFMAPDF - 174.59 KB