SEC Approves New FINRA/Nasdaq Trade Reporting Facility

The SEC has

a proposed rule change to establish a new FINRA Trade Reporting Facility in conjunction with Nasdaq (the FINRA/Nasdaq TRF Chicago). The FINRA/Nasdaq TRF Chicago provides FINRA members with another mechanism for reporting over-the-counter trades in NMS stocks and complying with FINRA’s requirements with respect to back-up trade reporting arrangements, as set forth in FINRA Trade Reporting Notice January 20, 2016 (OTC Equity Trading and Reporting in the Event of Systems Issues). The FINRA/Nasdaq TRF Chicago is governed by the rules applicable to the existing FINRA/Nasdaq Trade Reporting Facility (the FINRA/Nasdaq TRF Carteret). See FINRA Rule 6300A, 7200A and 7600A Series.

The FINRA/Nasdaq TRF Chicago is scheduled to commence operation on September 10, 2018.

For more information on the FINRA/Nasdaq TRF Chicago, please refer to Nasdaq Equity Trader Alerts 2018-41 and 2018-52.

Questions regarding this notice should be directed to FINRA Market Operations at (866) 776-0800 or by email.