Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: ATS

SEC Adopts New Form ATS-N and Amendments to Regulation ATS and Exchange Act Rule 3a1-1 to Enhance Transparency and Oversight of Alternative Trading Systems

Posted in Broker-Dealer
On July 18, the Securities and Exchange Commission adopted new Form ATS-N and amendments to Regulation ATS and Exchange Act Rule 3a1-1. The new requirements are designed to enhance transparency of alternative trading systems (ATSs) that trade stocks listed on a national securities exchange (NMS Stock ATSs) by requiring them to publicly disclose detailed information… Continue Reading

FINRA Proposes Rule Change Regarding ATS Reporting of Transactions to TRACE

Posted in Broker-Dealer
The Financial Industry Regulatory Authority recently filed a proposed rule change with the Securities and Exchange Commission to amend FINRA Rule 6730 regarding transaction reporting. Currently under Rule 6730, US Treasury Securities transactions executed on an alternative trading system (ATS) must be reported to the Transaction Reporting and Compliance Engine (TRACE) by the ATS itself… Continue Reading

FINRA To Publish Block-Size Trade Data for ATS Trades

Posted in Broker-Dealer
On October 3, the Financial Industry Regulatory Authority began publishing monthly data on block-size trades occurring on alternative trading systems (ATSs). Statistics for ATS block-size trades are being aggregated across all National Market System (NMS) stocks for a one-month trading period and will be published no earlier than one month following the end of the… Continue Reading

SEC Proposes Rules to Enhance Transparency and Oversight of Alternative Trading Systems

Posted in Broker-Dealer
On November 18, the Securities and Exchange Commission proposed a rule to enhance operational transparency and regulatory oversight of alternative trading systems (ATSs) that trade stocks listed on a national securities exchange (NMS stocks), including “dark pools.” If adopted, the rule would require NMS Stock ATSs to publicly disclose, on new Form  ATS-N, detailed information about… Continue Reading