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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 rate will be based on the participant’s “FINRA/NYSE TRF Market Share,” which is defined as the percentage calculated by dividing the total number of shares reported to the FINRA/NYSE Trade Reporting Facility for public dissemination (or “tape”) purposes during a given calendar month that are attributable to the participant by the total number of all shares reported to the CTA or UTP SIP, as applicable, during that period. 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. FINRA/NYSE TRF Market Share 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 assessed as follows:
FINRA/NYSE TRF Market Share Count of Tape Reports to FINRA/NYSE TRF Monthly Participant Fee
Greater than or equal to 1.25% n/a $30,000
Greater than or equal to 0.75% but less than 1.25% n/a $20,000
Greater than or equal to 0.50% but less than 0.75% n/a $17,500
Greater than or equal to 0.25% but less than 0.50% n/a $15,000
Greater than or equal to 0.10% but less than 0.25% n/a $10,000
Less than 0.10% 25,000 or more trade reports $2,000
Less than 0.10% 100 or more trade reports but fewer than 25,000 trade reports $750
Less than 0.10% 1 or more trade reports but fewer than 100 trade reports $250
Less than 0.10% No trade reports $2,000
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.