Regulatory Notice 18-28

FINRA Requests Comment on a Proposal to Expand OTC Equity Trading Volume Data Published on FINRA’s Website

Comment Period Expires: November 12, 2018


FINRA requests comment on a proposal to expand the summary firm data relating to over-the-counter (OTC) equity trading that FINRA publishes on its website by (1) publishing on a one-month delayed basis new monthly aggregate block-size trading data for OTC trades in NMS stocks executed outside an alternative trading system (ATS); (2) publishing aggregate non-ATS volume for all firms, by eliminating the existing de minimis exception; and (3) separately identifying firms’ volume of trading on a single dealer platform (SDP), by requiring firms to use a unique market participant identifier (MPID) when reporting their SDP trades to FINRA.

The proposed rule text is set forth in Attachment A.

Questions concerning this Notice should be directed to:

  • Chris Stone, Vice President, Transparency Services, at (202) 728-8457;
  • Brendan Loonam, Senior Director, Transparency Services, at (212) 858-4203; or
  • Lisa Horrigan, Associate General Counsel, Office of General Counsel, at (202) 728-8190.
The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
11/9/2018Financial Information ForumPDF - 121.65 KB
11/12/2018Citadel LLCPDF - 376.39 KB
11/14/2018Virtu FinancialPDF - 2.04 MB
11/16/2018Global OTCPDF - 47.11 KB