FINRA TRF (Financial Industry Regulatory Authority Trade Reporting Facility) is a platform provided by FINRA (Financial Industry Regulatory Authority) that allows member firms to report and record over-the-counter (OTC) transactions in exchange-listed equities. OTC transactions refer to trades that occur directly between parties outside of the traditional exchange platforms like the New York Stock Exchange or NASDAQ.
FINRA TRF serves as a centralized facility where member firms can report OTC trades and ensure compliance with regulatory requirements. It provides a mechanism for capturing and disseminating trade data, enhancing transparency in the securities industry. By recording and reporting OTC transactions through FINRA TRF, market participants and regulatory authorities can access accurate and timely information about these trades.