NYSE Equities Market Information (2024)

The FINRA/NYSE Trade Reporting Facility® (TRF®) provides an automated, convenient and low-cost way to report your off-exchange trades in NYSE, NYSE American, NYSE Arca and NASDAQ listed securities. The TRF is available to all FINRA member organizations that have a signed FINRA/NYSE TRF Subscriber Services Agreement.

  • The FINRA/NYSE TRF supports single side trade reports where the submitting party identifies its side as well as the contra side
  • ATS trades and riskless principal trades may be reported by utilizing a second trade report that is reported as non-media
  • All trade reports are validated to ensure there is a Uniform Service Agreement approved by FINRA

Client Management Tool

This fully interactive and secure web-based Client Management Tool (CMT) is available for input and management of trades on the FINRA/NYSE TRF. The CMT is a multi-functional tool that provides easy order entry, a summary dashboard, reporting tools and clearing functionality for TRF reports. Its highly intuitive interface is built on the same architecture as ArcaVision and the NYSE Arca Equities CMT. You can use your existing Arca CMT logon.

  • View, download, bust, replace and create Trade Reports going back 6 months
  • View, correct and re-submit rejected reports
  • Add and modify same day Trade Reports
  • Add and reverse previous day Trade Reports
  • Filter intraday activity by any report modifier, execution time, submission time, or party information
  • Summary dashboard provides point-and-click access to Excel exportable reports and previous day’s activity by clearing type, Reg NMS modifiers, or revisions

Compliance Tools

All trades reported to the FINRA/NYSE TRF must comply with FINRA trade reporting rules and guidance, the federal securities laws, including SEC Reg. NMS rules and all other applicable rules and regulations. The compliance dashboard and reporting tools include user defined tracking and alerts as well as a downloadable audit trail.

  • Dashboard: A web page that allows a user to view summary information about their trades using multiple criteria
  • Detail Drill Down: A more granular presentation of the information on the summary dashboard
  • Trade Through Alerting: Real time comparison of trade reports to NMS protected BBO
  • Reports: Excel downloads of the detailed information
  • Multiday Capability: The ability to find information contained in the dashboard, drill downs and reports historically for 6 months.Provides alerts, metrics, tracking and data to TRF users and compliance officers. Key capabilities: Static and user defined alerts based on trade reporting, static and user defined alerts based on market data, historical data, downloadable data, compliance workflow manager.

Clearing Capability

The FINRA/NYSE TRF offers users the option to have clearing submitted for them to DTCC via QSR or AGU.

  • FINRA/NYSETRF clearing is submitted to DTCC directly via QSR or AGU
  • For clearing submitted by FINRA/NYSE TRF, trade corrections are automatically processed at DTCC (pre-settlement)
  • Clearing method is designated on each order to allow flexibility
  • QSR submission by the participant to DTCC is also supported
  • Participants must have a valid Qualified Service Representative (QSR) agreement in place with the contra parties to report a trade where the contra party is another broker dealer

Pricing and Revenue Sharing

Market Data Revenue Sharing Percentages

The table below provides the consolidated tape market data revenue sharing percentages based on market share reported by a member to the FINRA/NYSE TRF during a given calendar quarter. For purposes of Rule 7610B, a member’s “Market Share” is the percentage calculated by dividing the total number of shares represented by trades reported by a FINRA member to the FINRA/NYSE Trade Reporting Facility during a given calendar quarter by the total number of shares represented by all trades reported to the Consolidated Tape Association or the Nasdaq Securities Information Processor, as applicable, during that quarter. Market Share is calculated separately for each tape.

Market Share Reported to the FINRA/NYSE TRF in Tape A, B, or CPercentage of Market Data Revenue Shared in Tape A, B or C
Greater than or equal to 2.0%100%
Greater than or equal to 0.5% but less than 2.0%95%
Greater than or equal to 0.1% but less than 0.5%85%
Less than 0.1%0%

Subscriber Fee Per Month

Effective June 1, 2022, the monthly trade reporting fees applicable to participants that use the FINRA/NYSE Trade Reporting Facility have been modified. The monthly fee is based on the participant's total number of trade reports reported to the FINRA/NYSE TRF for public dissemination (or "tape") purposes during a given calendar month that are attributable to a FINRA/NYSE TRF participant. If a participant submits one or more trade reports to the FINRA/NYSE Trade Reporting Facility, the participant will pay a monthly fee equal to the sum of (i) $1,000 plus (ii) $0.0055 per published tape report. If a participant submits no trade reports to the FINRA/NYSE Trade Reporting Facility, the participant will pay a monthly fee of $2,000.

The FINRA/NYSE TRF does not charge for ports, client management tool use or invoice contra parties with any charges.

How to Subscribe

FINRA/NYSE TRF® Subscriber Service Agreement

FINRA/NYSE TRF® Subscriber Service Agreement for Retail Participants

Client Management Tool User Agreement for FINRA/NYSE TRF®

FINRA/NYSE TRF® Retail Participant Annual Certification

More Information

FINRA NYSE TRF Messaging Specification

*You may use the Production Session Request Form to request removal of sessions.

NYSE Equities Market Information (2024)

FAQs

What is the $1 rule on the NYSE? ›

Since Nasdaq rules require companies to be delisted if their bid price falls below $1 per share for an extended period of time, many companies have conducted reverse stock splits, sometimes repeatedly as in the case of Bit Brother, to boost their share price and retain their listing.

What is the rule 235 of the NYSE? ›

Current Rule 235 provides that transactions in stocks shall be ex-dividend or ex-rights on the business day preceding the record date fixed by the corporation or the date of the closing of transfer books.

How much does NYSE TRF cost? ›

Subscriber Fee Per Month

If a participant submits one or more trade reports to the FINRA/NYSE Trade Reporting Facility, the participant will pay a monthly fee equal to the sum of (i) $1,000 plus (ii) $0.0055 per published tape report.

What is the rule 80A of the NYSE? ›

Purpose of the Downtick-Uptick Test

The main purpose behind this specific restriction—Rule 80A—was to reduce the number of program trades occurring during a trading session. Program trading involves the use of computer-generated algorithms to trade a basket of stocks in large volumes (and usually with great frequency).

What is the NYSE 20% rule? ›

NYSE 20% Rule: Stockholder Approval Requirements for Securities Offerings | Practical Law. An overview of the so-called New York Stock Exchange (NYSE) 20% rule requiring stockholder approval before a listed company can issue 20% or more of its outstanding common stock or voting power.

How long can a stock stay under $1 before delisting? ›

For example, on the New York Stock Exchange (NYSE), if a security's price closed below $1.00 for 30 consecutive trading days, that exchange would initiate the delisting process.

What is the rule 0 of the NYSE? ›

Rule 0. Regulation of the Exchange and ETP Holders

The Exchange and FINRA are parties to a Regulatory Services Agreement ("RSA") pursuant to which FINRA has agreed to perform certain regulatory functions of the Exchange on behalf of the Exchange.

What is the rule 37 of the NYSE? ›

Visitors shall not be admitted to the Floor except by permission of the Exchange. (This provision of Rule 37 is unchanged.)

What is the rule 452 of the NYSE? ›

Rule 452 governs when Exchange member organizations may vote customer shares without specific client instructions.

What is the average fee to trade a stock? ›

Most full-service brokers charge 1% to 2% of the total purchase price, a flat fee, or a combination of both, for stock purchases. They offer investors financial planning and investing advice as well as making transactions for clients.

What is the most expensive stock on the New York Stock Exchange? ›

Berkshire Hathaway has the highest-priced shares of any U.S. company, and is also one of the largest companies in the world, consistently ranking in the top 10 by market value. Buffett famously resisted splitting Berkshire's shares, something companies normally do to make it easier to trade their stock.

What is the entry fee on NYSE? ›

A company seeking to list on the NYSE pays an application fee, an initial listing fee and annual fees. The NYSE's application fee is US$25,000, and the initial listing fee for common stock is a flat rate of US$300,000 and any additional class of common stock listed is a flat rate of US$5,000.

What is the golden rule of stock? ›

2.1 First Golden Rule: 'Buy what's worth owning forever'

This rule tells you that when you are selecting which stock to buy, you should think as if you will co-own the company forever.

What is the 8% rule stock? ›

The 8% sell rule is a strategy used by some investors to minimize losses and help preserve their capital. The rule is typically applied when a stock drops 8% under your purchase price—regardless of the situation. Keep in mind that this isn't a hard-and-fast rule.

What is NYSE slap? ›

Listing Additional Shares

For a NYSE issuer to issue additional shares or effective certain other corporate changes, it must seek NYSE authorization and file a Supplemental Listing Application (“SLAP”).

Do I lose my money if a stock is delisted? ›

Though delisting does not affect your ownership, shares may not hold any value post-delisting. Thus, if any of the stocks that you own get delisted, it is better to sell your shares. You can either exit the market or sell it to the company when it announces buyback.

How long can a stock be under $1 on Nasdaq? ›

If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements.

What is the 1 rule in stock market? ›

Example of the 1% Risk Rule in Action. Take 1% of whatever your account equity is. This is how much you can lose on a single trade. As your account equity changes, so will the amount you can risk.

What happens when a stock is under $1 dollar? ›

When a stock's price falls to zero, a shareholder's holdings in this stock become worthless. Major stock exchanges actually delist shares once they fall below specific price values. The New York Stock exchange (NYSE), for instance, will remove stocks if the share price remains below one dollar for 30 consecutive days.

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