On November 15, the Securities and Exchange Commission approved the consolidated audit trail (CAT) plan proposed by the self-regulatory organizations (SROs). As specified by the CAT plan, the CAT will be designed to create a central repository to track all trading activity in national market system (NMS) securities, including options and equity securities.
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FINRA To Publish Block-Size Trade Data for ATS Trades
By James Van De Graaff & Stanley V. Polit on
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 month for which such trading was aggregated. The initial report covers August ATS trades.
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FINRA Adopts Amendments on Resumption of Trading
By James Van De Graaff & James M. Brady on
Posted in Broker-Dealer
The Financial Industry Regulatory Authority has adopted amendments to clarify the operation of the Regulation NMS Plan to Address Extraordinary Volatility following a trading pause or regulatory halt. FINRA rules prohibit the execution of transactions in national market system (NMS) securities during a trading pause.
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