FINRA Proposes Rule Establishing Fee Schedule for Access to ATS Volume Data

The Financial Industry Regulatory Authority, Inc. is filing with the Securities and Exchange Commission a proposed rule change to adopt FINRA Rule 4553 (Fees for ATS Data), that would establish a fee schedule for optional professional and vendor access to alternative trading system (ATS) volume information (as required to be submitted by ATSs in a weekly report to FINRA under FINRA Rule 4552) published by FINRA on its website. Non-professionals (i.e., natural persons who use the information for their own personal, non-commercial use) will continue to be able to access the ATS volume information free of charge. 

More information on the proposed rule can be found here.

Topics:  Alternative Trading Systems, Fees, FINRA, Proposed Regulation

Published In: Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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