FINRA Proposed Rule Change Regarding ADF Capacity Management Plan

FINRA filed a proposed rule change with the SEC regarding a new Capacity Management Plan ("Plan") for the Alternative Display Facility ("ADF") and to amend the ADF Trading Center Certification. FINRA proposed to adopt the plan which will allow FINRA members to opt-in to utilize the ADF for quoting and trade reporting. FINRA stated that each ADF Trading Center will be required to complete a certification process which involves testing its connectivity to the ADF with FINRA Product Management. Additionally, FINRA will require that the ADF Trading Centers submit volume projections for current and future peak data reporting levels on a quarterly basis, and on demand from FINRA.

See: Text of Proposed Rule Change.Related news: FINRA Files Proposed Rule Change to Update Rules Governing ADF (December 20, 2013); FINRA Proposes Rule Regarding New Entrant to Alternative Display Facility (December 3, 2013).