Comment Period Expires – Trace Disseminiation Issues

In Regulatory Notice 12-39, FINRA requested comments on two issues relating to the dissemination of information on TRACE-eligible securities transactions.  First, FINRA seeks input on whether it should maintain or modify current TRACE dissemination caps, under which the actual size (volume) of a transaction over a certain par value is not displayed in disseminated realtime TRACE transaction data. Second, FINRA requests comment on whether transactions in TRACE-eligible securities effected pursuant to Securities Act Rule 144A1 (Rule 144A transactions) should be disseminated, and if so, the scope and manner of such dissemination.