Proposed Rule Change to Amend Rules Relating to Reporting of Odd-Lot Transactions to FINRA

FINRA (f/k/a National Association of Securities Dealers, Inc. ("NASD")) is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend its trade reporting rules to change the manner in which members are required to report odd-lot transactions to a FINRA Trade Reporting Facility ("TRF"), the Alternative Display Facility ("ADF") and the OTC Reporting Facility ("ORF") (referred to herein as the "FINRA Facilities"). Specifically, FINRA is proposing to (1) eliminate the requirement that members use the special ".RO" trade report modifier to indicate that an odd-lot transaction is reported in accordance with Section 3 of Schedule A to the By-Laws and (2) require members to report odd-lot transactions "for publication," i.e., mark reports of odd-lots as "tape eligible," as applicable.

TitleFormat - SizeStatus
Text of Proposed Rule ChangePDF - 81.92 KB
Notice of Filing and Immediate EffectivenessPDF - 70.55 KB