The FINRA/NYSE Trade Reporting Facility® (TRF®) provides an automated, convenient and low-cost way to report your off-exchange trades in NYSE, NYSE MKT, NYSE Arca and NASDAQ listed securities. The TRF is available to all FINRA member organizations that have a signed FINRA/NYSE TRF Subscriber Services Agreement.
User Friendly Client Management Tool: A fully interactive and secure web-based Client Management Tool (CMT) is available for input and management of trades on the FINRA/NYSE TRF. This multi-functional tool provides easy order entry, a summary dashboard, reporting tools and clearing functionality for TRF reports. The highly intuitive interface is built on the same architecture as ArcaVision and the NYSE Arca Equities CMT. You can use your existing Arca CMT logon.
Compliance Tools: All trades reported to the FINRA/NYSE TRF must comply with FINRA trade reporting rules and guidance, the federal securities laws, including SEC Reg. NMS rules and all other applicable rules and regulations. The compliance dashboard and reporting tools include user defined tracking and alerts as well as a downloadable audit trail.
Clearing Capability: The FINRA/NYSE TRF offers users the option to have clearing submitted for them to DTCC via QSR or AGU.
Pricing: Firms reporting an average of 100 or less trades per day during the calendar month will be charged $500. Firms reporting an average of more than 100 trades per day during the calendar month will be charged $1,000.
|FINRA/NYSE TRF DOES NOT CHARGE THE FOLLOWING FEES:|
|Per trade report||no charge|
|Client management tool GUI||no charge for unlimited user interfaces|
|Queries for a firm to review its own data||no charge|
|“AS OF” T+N trades||no charge|
|Canceling or Modifying a trade||no charge|
|FIX connection||no charge|
In addition, FINRA/NYSE TRF will not invoice your contra parties with any charge. Therefore, there will be no NYSE fee to your customers.
Please contact Bob Hill (312) 442-7023, James Brooks (212) 656-5562 or Chris Mazzacano (312) 442-7053 to further discuss this product.
For more information about the TRF or any other product, please contact your Relationship Manager directly or the RM team at firstname.lastname@example.org.