Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt FINRA Rule 7660B (FINRA/NYSE Trade Reporting Facility Fees for Non-Participants)
Published Date: 2/2/2026
Notice
Summary
FINRA is rolling out a new fee for members who don’t use the FINRA/NYSE Trade Reporting Facility but want to buy certain services from it. This change kicks in right away and affects FINRA members who opt in for these services, meaning some firms will see new charges on their bills. It’s all about making sure everyone pays their fair share for the tools they use.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New $1,000 Fee for Non-Participants
If your firm is a FINRA member that does not use the FINRA/NYSE Trade Reporting Facility (a Non-Participant Member) and you choose to get read-only access to the NYSE TRF Portal, Drop Copy, and the End of Day Journal, your firm will be charged a flat fee of $1,000 per month. The fee is voluntary, begins on February 1, 2026, is billed at the end of each calendar month, and continues until your firm terminates the access agreement.
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Key Dates
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