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Trade Reporting Notice – 12/5/16

Reporting of Information Relating to OTC Trades in NMS Stocks

Published Date:

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.