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6110E. Definitions

This rule is no longer applicable. NASD Rule 6110E has been superseded by FINRA Rule 7210B. Please consult the appropriate FINRA Rule.

(a) The term "Clearing Broker/Dealer" or "Clearing Broker" shall mean the member firm that has been identified in the System as principal for clearing and settling a trade, whether for its own account or for a correspondent firm.
(b) The term "Correspondent Executing Broker/Dealer" or "Correspondent Executing Broker" shall mean the member firm that has been identified in the System as having a correspondent relationship with a clearing firm whereby it executes trades and the clearing function is the responsibility of the clearing firm.
(c) The term "Introducing Broker/Dealer" or "Introducing Broker" shall mean the member firm that has been identified in the System as a party to the transaction, but does not execute or clear trades.
(d) The term "Parties to the Transaction" shall mean the executing brokers, Introducing Brokers and Clearing Brokers, if any.
(e) The term "Reportable Security" shall mean all designated securities as defined in Rule 4200E.
(f) The term "Reportable System Transaction" shall mean those transactions in Reportable Securities that are eligible to be submitted using the System pursuant to NASD rules. The term also shall include transactions in Reportable Securities that are for less than one round lot.
(g) The term "Reporting ECN" shall mean a member of NASD that is an electronic communications network or alternative trading system, as those terms are defined in Rule 600 of Regulation NMS under the Act, that is a participant of a registered clearing agency for clearing or comparison purposes or has a clearing arrangement with such a participant, to the extent that transactions executed through it are reported to the System.
(h) The term "Reporting Market Maker" shall mean a member of NASD that meets the definition of Market Maker in Rule 4200E and is a member of a registered clearing agency for clearing or comparison purposes or has a clearing arrangement with such a member.
(i) The term "Reporting Order Entry Firm" shall mean a member of NASD that is a firm that executes orders but does not act as a market maker in the instant transaction and is a member of a registered clearing agency for clearing or comparison purposes or has a clearing arrangement with such a member.
(j) The term "Reporting Party" shall mean the Participant that is required to input the trade information, according to the requirements of the trade report input rules applicable to the System contained in Rule 6130E.
(k) The term "System" shall mean the NASD/NYSE Trade Reporting Facility for purposes of trades in designated securities as defined in Rule 4200E.
(l) The term "Trade Reporting Participant" or "Participant" shall mean any member of NASD in good standing that uses the System.
Adopted by SR-NASD-2007-011 eff. April 18, 2007.

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