Nasdaq and FINRA to Raise Reporting Fees for Dark Pool Trades

[kreslik.news]

Nasdaq Inc and the Financial Industry Regulatory Authority (FINRA) have announced they will raise fees for private stock trading platforms, such as dark pools when reporting non-retail trades to a facility run by the exchange operator and regulator.

The raised prices, which will be effective from September 1, 2018, are in response to higher operational costs and off-exchange trading volumes, the US Securities and Exchange Commission (SEC) regulatory filing said. In total, the hiked costs could amount to more than $3.5 million annually.

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The changes are aimed at non-retail trades ... (read more)