FINRA Updates the Transparency Services FINRA Participant Agreement

Summary

FINRA member firms that have an obligation to report over-the-counter secondary market transactions in eligible equity and fixed income securities must submit their transaction reports to the appropriate FINRA facility and are required to complete a participant application agreement before they are given access to the facility. Facilities covered by the FINRA Transparency Services Participation Agreement (FPA) and documentation include:

• TRACE (Corporate and Agency; Securitized Products; and Treasuries)
• OTC Reporting Facility (ORF)
• Alternative Display Facility (ADF)

Questions regarding this Notice or about the FPA should be directed to FINRA Market Operations at (866) 776-0800.