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  • 7710. OTC Reporting Facility

    (a) Transaction Related Charges
    The following charges shall be paid by the participant for trade reporting to the OTC Reporting Facility. In the case of trades where the same market participant is on both sides of a trade report, applicable fees assessed on a "per side" basis will be assessed once, rather than twice, and the market participant will be assessed applicable charges for reporting transactions not subject to comparison as the Executing Party side only.
    Transaction Related Charges:  
    Reporting of transactions not subject to comparison through the OTC Reporting Facility $0.029/side
    Submission of non-tape, non-clearing (regulatory) reports No fee
    Clearing report to transfer a transaction fee charged by one member to another member pursuant to Rule 7330(i) $0.03/side
    Comparison $0.0144/side per 100 shares (minimum 400 shares; maximum 7,500 shares)
    Late Report—T+N $0.288/trade (charged to the Executing Party)
    Corrective Transaction Charge $0.25/Cancel, Correct transaction, paid by reporting side; $0.25/Break, Decline transaction, paid by each party
    (b) Web Browser Access
    A member that elects to report transactions to the OTC Reporting Facility pursuant to the Rule 6600 and 7300 Series via an OTC Reporting Facility web browser or a Clearing Firm that elects to view correspondent transaction data associated with its Clearing Number via the OTC Reporting Facility web browser shall be charged:
    (1) For Level I (Trade Report or Clearing Firm View Only) web browser access, $20 per month per user ID; or
    (2) For Level II (Full Service) web browser access, which includes “time and sales” query access to real-time ORF data, $25 per month per user ID.
    (c) FINRA ADDS Fees
    The FINRA Automated Data Delivery System (“FINRA ADDS”) provides (1) a member access to OTC Reporting Facility trade journal files associated with its own market participant identifier (“MPID”) and (2) a clearing firm access to OTC Reporting Facility trade journal files associated with the clearing firm's correspondent(s).
    (1) Member Firm Data Per MPID
    FINRA offers two optional FINRA ADDS services: OTC Reporting Facility Data Delivery and OTC Reporting Facility Data Delivery Secure File Transfer Protocol.
    (A) OTC Reporting Facility Data Delivery
    There is no charge to an MPID that is a subscriber for OTC Reporting Facility Data Delivery reports provided in response to requests by the MPID via the FINRA ADDS website.
    (B) OTC Reporting Facility Data Delivery Secure File Transfer Protocol Fee
    The OTC Reporting Facility Data Delivery Secure File Transfer Protocol ("OTC Reporting Facility Data Delivery SFTP") fees are charged to an MPID that is a subscriber and are:
    (i) Set-Up Fee—a one-time fee of $250 per MPID.
    (ii) Monthly Fee—a monthly fee of $200 per MPID.
    (2) Clearing Data Per Clearing Number
    FINRA offers two optional FINRA ADDS services: OTC Reporting Facility Clearing Data Delivery and OTC Reporting Facility Clearing Data Delivery Secure File Transfer Protocol.
    (A) OTC Reporting Facility Clearing Data Delivery
    There is no charge to a Clearing Number that is a subscriber for OTC Reporting Facility Clearing Data Delivery reports provided in response to requests by the Clearing Number via the FINRA ADDS website.
    (B) OTC Reporting Facility Clearing Data Delivery Secure File Transfer Protocol Fee
    The OTC Reporting Facility Clearing Data Delivery Secure File Transfer Protocol ("OTC Reporting Facility Clearing Data Delivery SFTP") fees are charged to a Clearing Number that is a subscriber and are:
    (i) Set-Up Fee—a one-time fee of $250 per Clearing Number.
    (ii) Monthly Fee—a monthly fee of $300 per Clearing Number.

    • • • Supplementary Material: --------------

    .01 "Executing Party" shall be defined as the party with the trade reporting obligation under Rule 6622.

    Amended by SR-FINRA-2016-048 eff. Jan. 3, 2017.
    Amended by SR-FINRA-2014-032 eff. Nov. 17, 2014.
    Amended by SR-FINRA-2010-017 eff. June 1, 2010.
    Amended by SR-FINRA-2010-009 eff. March 1, 2010.
    Amended by SR-FINRA-2009-088 eff. Dec. 7, 2009.
    Amended by SR-FINRA-2009-043 eff. June 17, 2009.
    Amended by SR-FINRA-2008-021 eff. Dec. 15, 2008.
    Amended by SR-FINRA-2009-045 eff. March 5, 2007.
    Adopted by SR-NASD-2007-018 eff. March 5, 2007.

    Selected Notice: 08-57.