FINRA – Updated Electronic Blue Sheets FAQs

June 1, 2021 – FINRA published FAQs on electronic blue sheets, including topics on large trader identification, execution time, trade cancellations/corrections, average price account.

Updated Trade Cancellation / Corrections Section
Not required to report pre-settlement trade cancellations and corrections through EBS. If report pre-settlement trade adjustments through EBS where trade canceled (reversed) and corrected, must report original trade, cancellation, and corrected trade. Where trade canceled and not corrected, must report original trade and cancellation. Firms are required to report post-settlement trade adjustments through EBS.

For more information, visit www.finra.org.

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