Trade Reporting Notice – 12/5/16

Reporting of Information Relating to OTC Trades in NMS Stocks

Executive Summary

FINRA interprets the “as soon as practicable” requirement under FINRA trade reporting rules to require that firms release information relating to over-the-counter (OTC) transactions in NMS stocks to other market participants no sooner than they release such information to a FINRA trade reporting facility for dissemination (or “tape”) purposes.

Questions regarding this Notice may be directed to:

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