FINRA to Waive Business Reporting Query Transaction Fees for Non-Retail Participants Finance & Banking

United States: FINRA will waive trade report query transaction fees for non-retail participants

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FINRA has proposed to remove the $0.50 fee applicable to trade requests made by non-retail participants using 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 fees applicable to (FINRA/Nasdaq TRF trade requests made via WebLink, Workstation and WorkX).

FINRA has filed the proposed rule change for immediate effect and has set an effective date of February 1, 2022.

Primary sources

SR-FINRA-2022-002: Proposed Rule Amendment to Amend FINRA Rule 7620A (“FINRA/NasdaqTrade Reporting Facility Reporting Fees”)

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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