Series 24: 5.9.3. Other Reporting Systems

Taken from our Series 24 Online Guide

5.9.3. Other Reporting Systems

Unlinked ECNs cannot access the Nasdaq Market Center to transact business, nor can they report trades through ACT. Since all off-the-exchange trades must be reported to FINRA, FINRA has developed several Trade Reporting Facilities on which these trades may be displayed and reported.

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