FINRA reminded market participants that on December 2, 2019, additional firm data concerning OTC equity trading will be available on the agency's website.
As previously covered, the expansion of the summary firm data is required under recently adopted amendments to FINRA Rules 6110 ("Trading Otherwise than on an Exchange") and 6610 ("General"). FINRA stated that it will publish monthly block trading statistics for trades in National Market System stocks occurring outside of an alternative trading system ("ATS") on the same terms as currently released ATS block trading statistics.
FINRA stated "there will no longer be a 'De Minimis Firms' line item on the OTC (Non-ATS) Data tab, and each individual firm will be identified in the published aggregate data."
The proposal by FINRA to expand the summary firm data regarding OTC equity trading on its website was published in the Federal Register.
FINRA proposed amending Rules 6110 and 6610 to expand the summary firm data that FINRA publishes on its website regarding OTC equity trading.
FINRA adopted amendments to Rules 6110 and 6610 that will expand the summary firm data FINRA publishes on its website regarding OTC equity trading.
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