Series 24 Reporting

• Corp bond rpts ONLY
• Both Buyer and seller report
• w/in 15min

• Time Stamped Order
• 1x for entry
• 1x for execution

• No pay from issuers
• Rpt Trades every 30 secs
• Daily Volume
• Short Position - Bi-Monthly

• Handles both market and limit orders in NASDAQ securities
• Key: MMs can maintain a limit order file for order entry firms
• Auto-reports to ACT

• Operated by NASDAQ
• provides last sale info to the public
• provides clearance and settlement functions to ACT participants
• Transactions reported within 90 secs or are reported with .SLD modifier (late)

• Alternative Display Facility (ADF)
• reported NASDAQ quotes from unlinked ECNs not participating in Single Book

• Consolidated Quote System
• NYSE quote reporting system
• 30 seconds

• reports last sale information on any listed equity security regardless of market
• must be made within 90 seconds

The Firm Quote Compliance System (FQCS) was designed to deal with member complaints regarding backing away

• Trade Reporting Facility
• NASDAQ stocks
• Third Market stocks
• then funnels them to ACT