FINRA Announces Change to Identification of Qualified Contingent Trades Reported to FINRA for Dissemination

Effective November 16, 2015, over-the-counter transactions under Regulation NMS Rule 611(a) ("Order Protection Rule") that are reported to FINRA as qualified contingent trades ("QCTs") must be identified as such for purposes of public dissemination. FINRA emphasized that this change affects dissemination only; firms are not required to change the way in which they report QCTs to FINRA.