Each FINRA Trade Reporting Facility (TRF) provides FINRA members with a mechanism for the reporting of transactions effected otherwise than on an exchange. While each FINRA TRF is affiliated with a registered national securities exchange, each FINRA TRF is a FINRA facility and is subject to FINRA's registration as a national securities association.
Trades by FINRA members in Nasdaq-listed
Natural disasters can bring out the worst in some people, some of whom seek to exploit the situation to commit financial fraud. Learn how to spot and protect yourself from potential disaster-related investment scams.
ATS data has been aggregated on a quarterly basis to display total shares, total trades and average trade size per ATS.2025 Quarterly Tables1st QuarterTier 1 NMS StocksTier 2 NMS StocksAll NMS StocksAll OTC Securities2024 Quarterly Tables1st QuarterTier 1 NMS StocksTier 2 NMS StocksAll NMS StocksAll OTC Securities2nd QuarterTier 1 NMS StocksTier 2 NMS StocksAll NMS StocksAll OTC Securities3rd
Definitions of terms used in Equity Short Interest Data.
About the data
Data field
Definition
Date
The settlement date.
The mid-month short interest report is based on short positions held by members on the settlement date of the 15th of each month. If the 15th falls on a
(a) If a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a non-reporting threshold security for 13 consecutive settlement days, the participant shall immediately thereafter close out the fail to deliver position by purchasing securities of like kind and quantity.
(1) Provided, however, if a participant of a registered clearing
The Daily Short Sale Volume Files provide aggregated volume by security for all short sale trades executed and reported to a <a href="/filing-reporting/trade-reporting-facility-trf">TRF</a>, the <a href="/filing-reporting/alternative-display-facililty-adf">ADF</a>, or the <a href="/filing-reporting/over-the-counter-reporting-facility-orf">ORF</a> during normal market hours for public dissemination purposes (i.e., media-reported trades).
Pursuant to applicable trade reporting rules, members must indicate on trade reports submitted to FINRA whether a transaction is a short sale transaction ("short sale reporting requirements"). The short sale reporting requirements apply to transactions in all OTC Equity Securities, as defined in Rule 6420. Thus, all short sale transactions in these securities reported to FINRA must
FINRA views the protection of senior investors, as well as baby boomers who are retired or approaching retirement, as a top priority. Because a large number of American investors are approaching retirement and control a substantial portion of investment assets, FINRA encourages firms to review and, where warranted, enhance their policies, procedures and practices, in light of the special issues common to many senior investors. For example, a firm's procedures and controls should take into consideration the age and life stage (whether pre-retired, semi-retired or retired) of their customers. Of particular concern to FINRA is the suitability of recommendations to senior investors, communications targeting older investors, and potentially abusive or unscrupulous sales practices or fraudulent activities targeting senior investors.
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The Firm Short Positions and Fails-to-Receive in Municipal Securities and Fixed Income – Fair Pricing sections of the 2023 Report on FINRA’s Examination and Risk Monitoring Program (the Report) informs member firms’ compliance programs by providing annual insights from FINRA’s ongoing regulatory operations, including (1) regulatory obligations and related considerations, (2) findings and effective practices, and (3) additional resources.
