07.03.2018

FINRA Updates OTC High Price List

FINRA is publishing its quarterly OTCBB/OTC Equities High Price Dissemination List for the first quarter of 2018. This updated list of OTC equity securities eligible for trade report dissemination for trades of fewer than 100 shares is effective as of June 29, 2018. To view changes, visit the Daily List: Security Attribute Changes page, select the “Unit of Trades” filter and enter June 28, 2018 as the “Start” date and June 29, 2018 as the “End” date.

As discussed in the FINRA March 18, 2008, Trade Reporting Notice, for all OTC equity securities that trade at or above $175.00, transactions of fewer than 100 shares are no longer considered “odd-lot” transactions for dissemination purposes. Instead, FINRA has designated the unit of trade for these securities as 1, and FINRA disseminates last sale information for all transactions of one or more shares in such securities. FINRA reviews trading activity quarterly to determine whether additional OTC equity securities meet the stated dissemination criteria.

Related articles

  1. Market Surveillance Gets More Sophisticated

    Brokers demand more options to comply with new regulations.

  2. Daily Email Feature

    CEO CHAT: Bob Santella, IPC

    Tech/comm firm provides customers flexibility, speed, access to liquidity, and data optimization.

  3. Wall Street Gives

    The high-touch sales trader is an endangered species.

  4. SEFs: A Mid-Year Snapshot

    The publication provides a statistical overview of brokers, registered individuals, and trading activity.

  5. Coinbase Custody provides secure crypto storage in US and UK.