Regulatory Notice 19-03

FINRA Reminds ATS Subscribers and ATSs of the April 13, 2019, Effective Date for Disaggregated Transaction Reporting

Summary

FINRA is reminding firms that, after April 12, 2019, member subscribers on an alternative trading system (ATS) and ATSs will be required to report to TRACE each transaction in U.S. Treasury securities executed in trading sessions on an ATS on a disaggregated basis.

Questions regarding this Notice should be directed to:

  • Joseph Schwetz, Senior Director, Market Regulation (MR), at (240) 386-6170;
  • Russell Kemp, Associate Director, MR, at (240) 386-5081; or
  • for legal and interpretive questions, Racquel Russell, Associate General Counsel, Office of General Counsel, at (202) 728-8363.