7620B. FINRA/NYSE Trade Reporting Facility Reporting Fees
Each participant will be charged a monthly fee for use of the FINRA/NYSE Trade Reporting Facility. The amount of the monthly fee for a participant will depend on the number of tape eligible trade reports that the participant submitted to the FINRA/NYSE Trade Reporting Facility during the relevant calendar month (“Tape Eligible Trade Reports”).
A transaction is attributed to a participant if the participant is identified as the executing party in a tape report submitted to the FINRA/NYSE Trade Reporting Facility.  The amount of Tape Eligible Trade Reports is calculated in aggregate across all Tapes (Tape A, Tape B, Tape C) and only includes shares reported to the Tapes.
The monthly fee will be calculated as follows:

Tape Eligible Trade Reports

Monthly Participant Fee

Greater than or equal to 20 million reports

$50,000 

Greater than or equal to 15 million reports but less than 20 million reports

$47,500 

Greater than or equal to 10 million reports but less than 15 million reports

$45,000 

Greater than or equal to 7.5 million reports but less than 10 million reports

$40,000 

Greater than or equal to 5 million reports but less than 7.5 million reports

$35,000 

Greater than or equal to 4 million reports but less than 5 million reports

$30,000 

Greater than or equal to 3 million reports but less than 4 million reports

$25,000 

Greater than or equal to 2 million reports but less than 3 million reports

$20,000 

Greater than or equal to 1,500,000 reports but less than 2 million reports

$15,000 

Greater than or equal to 1,250,000 reports but less than 1,500,000 reports

$10,000

Greater than or equal to 1 million reports but less than 1,250,000 reports

$7,000 

Greater than or equal to 750,000 reports but less than 1 million reports

$5,000 

Greater than or equal to 500,000 reports but less than 750,000 reports

$4,000 

Greater than or equal to 250,000 reports but less than 500,000 reports

$3,000 

Greater than or equal to 100,000 reports but less than 250,000 reports

$2,500 

Greater than or equal to 5,000 reports but less than 100,000 reports

$1,500 

Greater than or equal to 1 report but less than 5,000 reports

$1,000 

No trade reports

$2,000 

Amended by SR-FINRA-2025-014 eff. Dec. 1, 2025.
Amended by SR-FINRA-2022-006 eff. June 1, 2022.
Amended by SR-FINRA-2020-006 eff. March 1, 2020.
Amended by SR-FINRA-2019-024 eff. Oct. 1, 2019.
Amended by SR-FINRA-2016-037 eff. Oct. 1, 2016.
Amended by SR-FINRA-2012-032 eff. July 2, 2012.
Renumbered from Rule 7620C by SR-FINRA-2008-066 eff. Jan. 1, 2009.
Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008.
Adopted by SR-NASD-2007-025 eff. April 18, 2007.

Selected Notice: 08-57.