FINRA to Publish OTC Equity Volume Executed Outside ATSs (Reg. Notice 15-48)

FINRA will expand its alternative trading system ("ATS") transparency initiative by publishing the remaining equity volume executed over-the-counter ("OTC") by member firms, including the trading activity of non-ATS electronic trading systems and internalized trades. According to FINRA, the amendments will not impose any additional reporting requirements on firms, as FINRA will distribute the trading information based on data that firms are already providing. The rule amendments will become effective April 2, 2016.