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Canceled and As-Of Trades Report

The Canceled and As-Of Trades Report displays a summary of cancels and as-ofs in equity trading activity provided to FINRA by self-clearing firms and clearing firms on behalf of their correspondents, as required by FINRA Rule 4540. For each category in the report, the trading activity includes both trades executed on a national securities exchange (exchange trades) and trades executed in a market other than a national securities exchange (non-exchange trades). If a correspondent firm uses multiple clearing firms, the data is aggregated for the purposes of this report.

An asterisk(*) in place of data in the report indicates that no data has been provided to FINRA for this value for the specified period, or that the clearing firm has provided zeros in these values for more than 30 consecutive days. After zeros have been received for 30 days, the system translates zeros on subsequent consecutive days into asterisks.

The Canceled and As-Of Trades monthly counts are derived from data that is submitted on a daily basis. To view the daily data, click the appropriate month hyperlink. For more information, please see Canceled and As-Of Trades Report Daily View.

This report is published no later than the 10th business day of the month. Users who have not opted-out of notifications will receive an email indicating that new reports have been published.

Report Glossary

The tables below provide a reference description for all of the elements found in the Canceled and As-Of Trades Report. (See Canceled and As-Of Trades Report Figure 1 for a sample segment of the report.)

Term

Definition

% of Trades Of the total number of trades for the report period, this is the % of those trades in the category listed. ((Category Trade Count / Total Trade Count)*100)
% Change from Prior Period This is the % difference between the current and previous month's data for the prior column of the report. ((Current Month - Previous Month) / Previous Month)*100

Canceled and As-Of Trades Report

Term

Definition

All Trades
Firm Count This is the total number of exchange and non-exchange equity trades the firm executed in the report period.
Industry Count This is the total number of exchange and non-exchange equity trades executed by the industry in the report period.
As-Of Trades
Firm Count This is the firm's total number of as-of trades processed during the report period. For the purposes of this report, as-of trades are trades where the as-of trade date is at least 2 business days before the processed date (as-of trade date is T+2 or greater).
Industry Count This is the total number of as-of trades processed for the industry in the report period. For the purposes of this report, as-of trades are trades where the as-of trade date is at least 2 business days before the processed date (as-of trade date is T+2 or greater).
Trade Cancels on or before Settlement
Firm Count This is the number of the firm's trades canceled during the report period in which the initial trades were executed on an earlier date and had not reached the settlement date at the time of cancellation.
Industry Count This is the number of trades in the industry canceled during the report period in which the initial trades were executed on an earlier date and had not reached the settlement date at the time of cancellation.
Trade Cancels after Settlement
Firm Count This is the number of the firm's trades canceled during the report period in which the initial trades were executed on an earlier date and had reached or exceeded the settlement date at the time of cancellation.
Industry Count This is the number of trades in the industry canceled during the report period in which the initial trades were executed on an earlier date and had reached or exceeded the settlement date at the time of cancellation.

Daily View

This report displays the daily cancels and as-ofs in equity trading activity provided to FINRA by self-clearing firms and clearing firms on behalf of their correspondents, as required by FINRA Rule 4540. The Daily View may be accessed by clicking the month hyperlink for the month you wish to view. The user may return from the Daily View to the Monthly Report by clicking the "Canceled and As-Of Trades Report Month" hyperlink at the top of the Daily View.

Canceled and As-Of Trades Report Daily View

Weekend dates are not displayed in the daily view of the Canceled and As-Of Trades Report. An asterisk(*) in place of data in the report indicates that no data has been provided to FINRA for this value for the specified period, or that the clearing firm has provided zeros in these values for more than 30 consecutive days. After zeros have been received for 30 days, the system translates zeros on subsequent consecutive days into asterisks. Asterisks will also appear for holidays that fall on weekdays.

Report Glossary

The tables below provide a reference description for all of the elements found in the Canceled and As-Of Trades Report Daily View.

Term

Definition

Total This is the total number of the firm's exchange and non-exchange trades that were processed on the date listed for the category listed.
Exchange Trades This is the firm's total number of equity trades in customer accounts executed on a national securities exchange that were processed on the date listed for the category listed. For these trades, the exchange code is not "R" (Nasdaq) or "S" (domestic OTC). Please note: FINRA currently allows firms to report Nasdaq transaction data information as EITHER exchange or non-exchange execution. For the purposes of this report, however, these transactions are included as non-exchange transactions.
Non-Exchange Trades This is the firm's total number of equity trades in customer accounts executed in a market other than a national securities exchange that were processed on the date listed for the category listed. For these trades, the exchange code is "R" (Nasdaq) or "S" (domestic OTC). Please note: FINRA currently allows firms to report Nasdaq transaction data information as EITHER exchange or non-exchange execution. For the purposes of this report, however, these transactions are included as non-exchange transactions.
As-Of Trades The As-Of Trades count represents the firm's as-of trades that were processed on the date listed. For the purposes of this report, as-of trades are trades where the as-of trade date is at least 2 business days before the processed date (as-of trade date is T+2 or greater).
Equity Trade Cancels on or before Settlement This is the number of the firm's trades canceled on the date listed where the initial trades were executed on an earlier date and have not yet reached the settlement date.
Equity Trade Cancels after Settlement This is the number of the firm's trades canceled on the date listed where the initial trades were executed on an earlier date and have reached or exceeded the settlement date.