This rule would be almost impossible to adhere to for those in market making roles as the time it takes to book trades can take over 1 minute. If market makers need to pause trading responsibilities to book trades within the 1 minute time limit, this would actually cause bond markets to be less efficient.
FINRA experienced an issue yesterday with the processing of its OTC Transparency Data, thereby causing a publication delay for the week of July 11, 2022 (Tier 1), June 27, 2022 (Tier 2), June 2022 Monthly Non-ATS data, and June 2022 Block data on the OTC Transparency Data website.
The week of July 11, 2022 (Tier 1), the week of June 27, 2022 (Tier 2) and June Block data were posted after close
For 20 years, FINRA’s Trade Reporting and Compliance Engine, known as TRACE, has contributed to reduced trade execution costs, facilitated price formation, aided regulatory programs and protected investors, as detailed in a recent blog commemorating this milestone anniversary. As an economist, I’d argue TRACE’s impact extends. For me, some of the real impact is in the research it has enabled.
FINRA experienced an issue this morning with the processing of its OTC Transparency Data, thereby causing a publication delay for the week of July 11, 2022 (Tier 1), June 27, 2022 (Tier 2), June 2022 Monthly Non-ATS data, and June 2022 Block data on the OTC Transparency Data website. FINRA is working on resolving the issue and will provide an update once it is resolved.
If
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to extend, to April 24, 2023, the implementation date of the amendments to FINRA Rule 4210 (Margin Requirements) pursuant to SR-FINRA- 2015-036, other than the amendments pursuant to SR-FINRA-2015-036 that were implemented on December 15,
As announced by the Board of the Federal Reserve System in the Federal Register on October 28, 2021, FINRA will collect detailed data on depository institutions' daily transactions of marketable U.S. Treasury securities and of the debt and MBS issued by U.S. federal government agencies including government-sponsored enterprises (agencies) via its Trade Reporting and Compliance Engine (TRACE
Summary
FINRA is soliciting comment on a proposal to amend Rule 6730 to reduce the Trade Reporting and Compliance Engine (TRACE) trade reporting timeframe for transactions in all TRACE-Eligible Securities that currently are subject to a 15-minute reporting timeframe. Specifically, members would be required to submit a report to TRACE as soon as practicable (as is currently the case), but no
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to adopt supplementary material .18 (Remote Inspections Pilot Program) under FINRA Rule 3110 (Supervision).
This filing has been withdrawn.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to make technical and other non-substantive changes within FINRA Rules.
