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FINRA ADDS Fees

SFTP Fees for Trade Journal Files

Firms that choose to subscribe to the TRACE, ORF, ORF Clearing, and/or ADF Data Delivery SFTP services will be assessed monthly charges for each MPID or clearing number they enroll in each service. Charges will appear in each facility's bill (e.g., TRACE charges will be included in the firms' monthly TRACE bills, ORF charges will be included in the firms' monthly ORF bills.) The details of the SFTP fees are outlined below.

  • TRACE Data Delivery SFTP Fee - one-time set-up fee of $250 and a $200 monthly fee per subscribing MPID. Please see FINRA Rule 7730 for more information.
  • ORF Data Delivery SFTP Fee - one-time set-up fee of $250 and a $200 monthly fee per subscribing MPID. Please see FINRA Rule 7710 for more information.
  • ORF Clearing Data Delivery SFTP Fee - one-time set-up fee of $250 and a $300 monthly fee per subscribing clearing number. Please see FINRA Rule 7710 for more information.
  • ADF Data Delivery SFTP Fee - one-time set-up fee of $250 and a $200 monthly fee per subscribing MPID. For more information on the fees, see FINRA Rule 7510.

Fees for TRACE Security Activity Report

Subscribers will be billed $750 per month, whether they access the data via the web or SFTP, unless the subscriber is a qualifying tax-exempt organization, in which case FINRA would charge $250 per month.

Fees for End-of-Day TRACE Transaction Files

Subscribers will be billed $750 per month, per data set, unless the subscriber is a qualifying tax-exempt organization, in which case FINRA would charge $250 per month per data set. Subscribers to the Vendor Real-Time Data Feed(s) will not be charged a fee to receive the End-of-Day TRACE Transaction File(s) for the data sets to which they subscribe.

NOTE: There are no fees for SFTP access to Tick Size Pilot Firm Review files.

Questions regarding the Data Delivery Fees may be emailed to FINRA.