FINRA Proposes Rule to Modify Fees and Transaction Credits for the FINRA/NYSE Trade Reporting Facility
Friday, September 30, 2016

On September 28, the Financial Industry Regulatory Authority proposed an amendment to modify fees and transaction credits applicable to FINRA members that use the FINRA/NYSE Trade Reporting Facility (TRF). The FINRA/NYSE TRF is a facility members use to report over-the-counter trades in NMS stocks.

The FINRA Rule 7600B Series contains the required fees for members using the FINRA/NYSE TRF and outlines member eligibility for transaction credits. Currently, a member pays monthly fees based on the member’s average trades per day during a calendar month. The proposed rule contains a new fee schedule based on a member’s market share. The proposed rule also would amend the schedule for calculating transaction credits.

The FINRA release is available here.

 

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