FINRA Publish OTC Equity Trade Data


On Dec. 2, FINRA began publishing OTC equity trading volume data.


  • FINRA to publish data on OTC equity trading volume occurring outside of alternative trading systems (ATSs) in effort to expand its ongoing transparency initiative.
  • Follows Nov. 2019 implementation delay of data publication to Dec. 2019, see #65001.
  • OTC Data
  • FINRA will publish monthly aggregate block-size trading data for OTC trades in national market system (NMS) stocks executed outside an ATS, on a one-month delayed basis.
  • Also aggregate non-ATS volume for each firm, by eliminating de minimis exception for firms executing fewer than, on average, 200 non-ATS transactions per day during the applicable reporting period.
  • Publication Launch Dates
  • Starting Dec. 2, 2019, weekly aggregate non-ATS volume data without the de minimis exception will be available starting with week of Nov. 11, 2019 for Tier 1 NMS stocks.
  • FINRA will continue to be publishedWeekly aggregate non-ATS volume information for Tier 2 NMS stocks and OTC equity securities with the de minimis exception.
  • Published on Dec. 2, 2019 for Oct. 28 week; Dec. 9, 2019 for Nov. 4, 2019 week.,
  • Starting Dec. 16, 2019, weekly aggregate non-ATS volume data without de minimis exception available with week of Nov. 11, 2019 for Tier 2 NMS stocks and OTC euqity.
  • Monthly aggregate non-ATS volume data without de minimis exception, and new non-ATS block-size data will be available starting with the month of Oct. 2019.

Regulators FINRA
Entity Types B/D; Exch
Reference PR, 12/2/2019; RN 19-29, 9/13/2019
Functions Compliance; Legal; Operations; Technology; Trade Reporting; Trading
Countries United States of America
Products Derivatives; Equity; Fixed Income; Securities
Regions Am
Rule Type Final
Rule Date 12/2/2019
Effective Date 12/2/2019
Rule Id 68353
Linked to Rule :65001
Reg. Last Update 12/2/2019
Report Section US Investment

Last substantive update on 12/02/2019