FINRA Trade Reporting Notice on Fractional Share Transactions

On March 22, 2024, FINRA published a Trade Reporting Notice to announce an upcoming change to the TRF and ORF systems to support reporting of fractional share quantities. The effective date will be no earlier than the first calendar quarter of 2025. This notice will be discussed during the following FIF calls this week: Front Office Committee (Tuesday at 11 am ET); Data and Technology Committee (Wednesday at 10 am ET); and CAT Transaction Reporting Working Group (Wednesday at 2 pm ET).