<p>The FINRA Board of Governors will consider the following rulemaking items at its December 2015 meeting. After the meeting, FINRA will notify firms via email about the Board’s actions on these items and anticipated next steps, if any.</p>
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to amend FINRA Rule 7620A (FINRA/Nasdaq Trade Reporting Facility Reporting Fees) to modify the trade reporting fees and caps applicable to non-retail participants that use the FINRA/Nasdaq Trade Reporting Facility Carteret and the FINRA/Nasdaq Trade Reporting Facility Chicago.
As previously communicated, beginning Monday, January 13, 2025, FINRA will require Multi Factor Authentication (MFA) for access to all production API reference data files. This is the final reminder clients will receive regarding this change.Beginning on January 13, 2025, FINRA will no longer support the use of digital certificates to access the Reference data API and only MFA access will be
In observance of Independence Day, FINRA’s Market Transparency Reporting Systems will be closed on Monday, July 4, 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,
TRACE research performed up until this point has been done on an independent basis by academics and researchers who used objective methodology in order to achieve their conclusions. These studies have concentrated on United States-based corporate bond data and what, if any, the impact of TRACE has been on liquidity and transparency.
October 24, 2006
On September 29, 2006, NASD filed a proposed rule change (SR-NASD-2006-115) to establish a new Trade Reporting Facility in conjunction with the Boston Stock Exchange ("BSE") that would provide members another mechanism for reporting trades in exchange-listed securities effected otherwise than on an exchange.
NASD is issuing this OATS Report to inform members that,
In observance of Juneteenth, FINRA’s Market Transparency Reporting Systems will be closed on Monday, June 20, 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, FINRA may
GUIDANCE
Credit Extension/Day Trading Requirements
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Operations
Senior Management
Day Trading
Margin Requirements
Regulation T
Rule 2520
Executive Summary
On March 11, 2004, NASD announced a disciplinary action that resulted in a $10 million fine against three
FINRA has resolved the issue affecting the submission of TRACE or Over the Counter Reporting Facility (ORF) forms and access to Participant Data Management.
Firms should contact FINRA Market Operations or call (866) 776-0800 if there are any remaining questions regarding these issues.
Currently, users attempting to submit a TRACE or Over the Counter Reporting Facility (ORF) form may incur an error. Users may also have issues accessing Participant Data Management.
Firms should contact FINRA Market Operations or call (866) 776-0800 with questions or for assistance in setting up new issues. FINRA will advise when this issue has been resolved.
