*Letters

Alternate Trading Systems Volume Reporting

Published on:
November 11, 2013
Issue:
Committee:

SIFMA provides comments to the Securities and Exchange Commission (SEC) on the Financial Industry Regulatory Authority’s (FINRA’s) notice of filing of proposed rule change to require alternative trading systems (ATSs) to report volume information to FINRA and use unique market participant identifiers (MPIDs), File No. SR–FINRA–2013–042.

Under the proposal, FINRA would require every ATS to report to FINRA weekly volume information on the ATS’s securities transactions. In addition, FINRA would require every ATS to acquire and use a single, MPIDs when reporting information to FINRA.

SIFMA supports FINRA’s proposal. The subject of market quality has recently been a topic of wide discussion, and a central point of this discussion has been the effect of off exchange equity trading on overall market quality. SIFMA believes that an increase in transparency about trading volumes and characteristics will contribute to a thoughtful evaluation of market quality that is based on consistent and objective data and facts.

Details

Download

More Content

  • Amicus Briefs
    Oct 05, 2026

    In re The Boeing Company Securities Litigation

  • Letters
    Oct 05, 2026

    Reducing Duplicative Regulation and Expanding Exemptions for Commodity Pool Operators and Commodity Trading Advisors

    SIFMA AMG comments on CFTC proposals to reduce duplicative regulation for certain CPOs and CTAs and account for inflation.
  • Letters
    Sep 30, 2026

    Proposed Rule Change to Amend FINRA Rules 0150, 2165, 4512 and to Adopt FINRA Rule 2166

    SIFMA Comments to SEC in support of the proposed rule changes to improve the utilization of Rules 2165 and 4512, as well as the new Rule 2166 to allow for a temporary delay for suspected fraud.

Get the latest trends, stats, and research on financial markets and securities.