Trade Reporting Notice – 8/26/16

Trade Reporting Modifier for Trades that Qualify for the Intermarket Sweep Order Exception to the Trade-at Prohibition Under the Tick Size Plan

Effective Date: October 3, 2016

Executive Summary

Effective Monday, October 3, 2016, firms are required to use the existing Intermarket Sweep Order (ISO) trade reporting modifier when reporting trades to a FINRA facility that qualify for the ISO exception to the Trade-at prohibition under the plan to implement a tick size pilot program.

Questions regarding this Notice may be directed to:

  • Dave Chapman, Senior Director, Market Regulation, at (240) 386-4995; or
  • Lisa Horrigan, Associate General Counsel, OGC, at (202) 728-8190.