FINRA Proposes Rule Change to Adopt FINRA Rule 7640A

FINRA has filed with the SEC a proposed rule change to adopt FINRA Rule 7640A ("Data Products Offered by Nasdaq") that would affect the process by which fees are set for market information. According to FINRA, the rule change (i) describes FINRA's practices relating to the distribution of market data for over-the-counter ("OTC") transactions in national market system ("NMS") stocks generated through the operation of the FINRA/Nasdaq Trade Reporting Facility ("TRF"), and (ii) identifies Nasdaq rules relating to products that distribute FINRA/Nasdaq TRF data to third parties.

See: Text of the Proposed Rule Change.