FINRA to Remove Trade Reporting Query Transaction Fee for Non-Retail Participants

FINRA proposed removing the $0.50 fee applicable to transaction queries performed by non-retail participants that use the FINRA/Nasdaq Trade Reporting Facility Carteret and the FINRA/Nasdaq Trade Reporting Facility Chicago.

The proposal would amend FINRA Rule 7620A ("FINRA/Nasdaq Trade Reporting Facility Reporting Fees") to remove the fee applicable to (FINRA/Nasdaq TRF transaction queries performed through WebLink, Workstation and WorkX.

FINRA filed the proposed rule change for immediate effectiveness and established an operative date of February 1, 2022.