In observance of Presidents’ Day, FINRA’s Market Transparency Reporting Systems will be closed on Monday, February 21, 2022. Affected applications include:
Alternative Display Facility (ADF)
Over-the-Counter Reporting Facility (ORF)
Trade Reporting and Compliance Engine (TRACE)
FINRA/Exchange Trade Reporting Facilities (TRFs)
As stated in the data feed interface specifications,
I can’t express how glad I am to know someone is still looking out for the small-account trader…Many others have already stated the most obvious reasons to do away with the financial industry’s antiquated “[Fin.] Crow” laws, b/k/a “Pattern Day Trader (PDT) rules” – discriminatory pay-to-play minimums, forcing traders to take debilitating losses rather than be branded ‘PDT’/closing-orders-only,
In observance of Christmas and New Year’s Day, FINRA’s Market Transparency Reporting Systems will follow the schedule below:Monday, December 25, 2023 ClosedMonday, January 1, 2024  
In observance of Christmas Day, FINRA’s Market Transparency Reporting Systems will be closed on Friday, December 24, 2021. Affected applications include:
Alternative Display Facility (ADF)
Over-the-Counter Reporting Facility (ORF)
Trade Reporting and Compliance Engine (TRACE)
FINRA/Exchange Trade Reporting Facilities (TRFs)
As stated in the data feed interface specifications,
When financial markets experience turbulence, Wall Street employs a jargon all its own to describe important elements of uncertain times. Here's a look at some of the most common terms and what they mean.
FINRA observed that the Trade Data Dissemination Service (TDDS) delivered an incorrect print, today, Tuesday, February 4, 2025, at 11:27 a.m. ET in security Odonate, Inc (ODTCD). The trade for the security was reported as 1 share at $150,000, but TDDS disseminated it at a price of $50,000. All other FINRA mediums correctly distributed the price at $150,000.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to expand TRACE reporting requirements to trades in U.S. dollar-denominated foreign sovereign debt securities.
SummaryDay trading broadly refers to an overall trading strategy where a customer effects both buy and sell transactions in the same security in the same day to profit from movements in the price of the security. FINRA has had longstanding rules designed to limit the potential losses from day trading for both customers and members, and to ensure the risks of day trading are disclosed to customers
NASD® has taken disciplinary actions against the following firms and individuals for violations of NASD rules; federal securities laws, rules and regulations; and the rules of the Municipal Securities Rulemaking Board (MSRB).
PDT rule makes it difficult to grow small accounts quickly, please remove it.If someone with an account value less than $25,000 buys multiple (4 or more, maybe including options) securities, and they are all profitable, they risk getting hit with the PDT rule if they close all of them to realize their profits.To avoid getting hit with the rule, they would have to leave some of the profitable
