Trade Reporting Notice – 7/16/19

Trade Reporting Requirements Applicable to Step-Out Submissions

Summary

FINRA is issuing this Notice to remind firms of their obligations when submitting step-outs to FINRA. While step-out submissions are voluntary and not required by rule, if firms elect to use a FINRA equity trade reporting facility to step out of a previously reported trade, they must comply with applicable trade reporting requirements.

Questions regarding this Notice may be directed to:

  • Patti Casimates, Vice President, Market Operations, at (240) 386-4994;
  • Dave Chapman, Vice President, Market Regulation, at (240) 386-4995; or
  • Lisa Horrigan, Associate General Counsel, Office of General Counsel, at (202) 728-8190.