The Trading Examinations Unit (TEU) of the Market Regulation Department at FINRA is conducting a review of Alternative Trading Systems (ATS) operated by XYZ Firm (the Firm). For the purpose of this inquiry, the term “ATS” means an ATS operated by the Firm and/or any affiliate of the Firm that is utilized to route orders or other messages into or out of the ATS.
SFTP Fees for Trade Journal Files
Firms that choose to subscribe to the TRACE, ORF, ORF Clearing, and/or ADF Data Delivery SFTP services will be assessed monthly charges for each MPID or clearing number they enroll in each service. Charges will appear in each facility's bill (e.g., TRACE charges will be included in the firms' monthly TRACE bills, ORF charges will be included in the
Standard access to the FINRA ADDS website allows individuals to request and view their TRACE trade journals for any date within the past 30 calendar days, and is available to users free of charge.
FINRA Rule 8210 (Provision of Information and Testimony and Inspection and Copying of Books) grants FINRA staff and adjudicators authority to inspect and copy the books, records and accounts of member firms, associated persons and other persons over whom FINRA has jurisdiction relating to investigations, complaints, examinations or proceedings.
The FINRA Board of Governors will consider the following rulemaking items at its April 2013 meeting.
The Risk Control Assessment (RCA) survey is an important component of FINRA’s risk-based exam program—the goal of which is to have our examiners better prepared when they arrive at firms and more focused on those areas that present a real risk to investors or the marketplace.
FINRA’s trade reporting facility for fixed income celebrated its tenth year of existence in July 2012. During this 10-year span, an average of 500 dealers reported at least one transaction per day, and par value traded increased from a low of $19 billion a day in 2005 to over $23 billion today, surpassing the $21 billion per day seen at the onset in 2002 and 2003.
The FINRA Board of Governors will consider the following rulemaking items at its February 2013 meeting.
CORP: Non-Convertible Corporate Bonds
CONV: Convertible Corporate Bonds
CHRC: Church Bonds
ELN: Equity Linked Notes
AGCY: Agency Debentures
ABS: Asset Backed Securities
CMO: Agency and Non-Agency Collateralized Mortgage Obligations (CMO's) / Real Estate Mortgage Investment Conduits (REMIC's)
MBS: Agency Pass-Through Mortgage Backed Securities Traded in Specified Pool Transactions
TBA:
