Regulatory Notice 16-33

FINRA Adopts Amendments Relating to Use of the Alternative Display Facility for Trade Reporting Purposes Only

Effective Date: September 12, 2016

Executive Summary

Effective Monday, September 12, 2016, firms that elect to use the ADF for trade reporting purposes only are subject to annual testing requirements (with exceptions for firms that qualify) and connectivity fees. The amended rule text is available in the online FINRA Manual.

Questions regarding this Notice may be directed to:

  • Brendan Loonam, Director, Business Services, at (212) 858-4203; or
  • Lisa Horrigan, Associate General Counsel, Office of General Counsel, at (202) 728-8190.