What does TRF stand for in stocks?
Trade Reporting Facility (TRF)
What is an AGU agreement?
(16) For any transaction for which the System is used to clear a transaction, the trade report must indicate whether the trade is to be compared in the System or is locked-in pursuant to an Automatic Give Up Agreement (“AGU”) or a Qualified Special Representative Agreement (“QSR”).
What is ADF exchange?
Alternative display facility (ADF) is an equity trading facility created in the United States by the Financial Industry Regulatory Authority (FINRA), a self-regulatory organization (SRO). The ADF is an alternative to the exchange for publishing quotations and for comparing and reporting trades.
What does the R stand for in TRF?
TRF. Tuesday, Thursday, Friday.
What stock exchange is TRF?
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.
What is FX Giveup?
The Foreign Exchange Committee’s 2005 Master FX Give-Up Agreement provides terms for documenting foreign exchange “give up” relationships, in which a party designated by a prime broker executes transactions with a dealer that are “given up” to the prime broker.
What is ADF investing?
Overview Rules Notices Guidance. The Alternative Display Facility (ADF) is an SRO display only facility that is operated by FINRA. The ADF provides members with a facility for the display of quotations, the reporting of trades, and the comparison of trades.
What exchange is TRF?
What is a FINRA letter?
FINRA publishes letters or summaries of its letters in response to requests for exemption. We do this to assist industry professionals in understanding the rationale for our decisions. Please note that the decisions apply to the specific situations described.
Are broker/dealers registered with the SEC?
Most “brokers” and “dealers” must register with the SEC and join a “self-regulatory organization,” or SRO. This section covers the factors that determine whether a person is a broker or dealer.
What is Swap Execution Facility?
Swap Execution Facility. A Swap Execution Facility (SEF) (sometimes Swaps Execution Facility) is a platform for financial swap trading that provides pre-trade information (i.e. bid and offer prices) and a mechanism for executing swap transactions among eligible participants.
Are swaps regulated by the SEC?
Swap Execution Facilities are regulated by the Securities and Exchange Commission and the Commodity Futures Trading Commission. The regulated trading of certain swaps is a result of requirements in the United States by the Dodd–Frank Wall Street Reform and Consumer Protection Act (in particular Title VII ).
What is a swap exchange Facility (SEF)?
Also, a facility that allows for multiple bids and offers provides liquidity to the swap marketplace. This liquidity enables traders to close positions ahead of contract maturity. Many entities may apply to become a SEF.
What types of swaps must be traded on SEFs?
The swaps that must be traded on SEFs are both subject to a CFTC-centralized clearing mandate and have been determined to be “made available to trade” (MAT) by at least one SEF. Four categories of interest rate swaps and two categories of credit default swaps are currently subject to clearing mandates.