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NYSE Creates New Trade Reporting Facility (TRF)
The New York Stock Exchange has entered into an arrangement with the Financial Industry Regulatory Authority (FINRA) to provide all FINRA member organizations with a low-cost and convenient way to report off-exchange trades to the tape. The TRF is an automated trade reporting and reconciliation service that uses NYSE Arca technology. The TRF electronically facilitates the post-execution steps of price and volume reporting of trades in NYSE, NYSE Arca, NASDAQ and Amex listed securities.
Update:
The NYSE is pleased to announce that it will now rebate 100% of all market data revenue shared with FINRA members reported via the FINRA/NYSE Trade Reporting Facility (TRF) in Tape A (New York Stock Exchange) , Tape B (American Stock Exchange) and Tape C (NASDQ Exchange) securities.
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