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ARTICLE · 04 FEBRUARY 2019

FINRA Provides Temporary Flexibility In Reporting Treasury Securities Executed On ATSs

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FINRA issued a proposal to permit alternative trading systems ("ATSs") and broker-dealer subscribers to ATSs to report transactions in U.S. Treasuries executed on ATSs on a "partially disaggregated" basis until April 12, 2019.

United StatesFinance and Banking
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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FINRA issued a proposal to permit alternative trading systems ("ATSs") and broker-dealer subscribers to ATSs to report transactions in U.S. Treasuries executed on ATSs on a "partially disaggregated" basis until April 12, 2019. The proposal would permit firms to report some trades on an individual basis, and other trades on aggregated basis (i.e., with aggregate price and volume information across trades). After April 12, 2019, ATSs and their broker-dealer subscribers will be required to report U.S. Treasury transactions on a "fully-disaggregated" basis (i.e., to report each individual transaction separately).

FINRA filed the proposal for immediate effectiveness.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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