Coulson says An NMS Stock ATS that has its Form ATS-N declared ineffective or is otherwise subject to an order revoking its exemption from the definition of exchange would effectively be forced to cease conducting its operations. It is operated by OTC Link LLC, a FINRA member broker-dealer and SEC registered Alternative Trading System.
ECNs/Alternative Trading Systems - Home It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. ECNs/Alternative Trading Systems. Electronic Communications Networks, or ECNs, as defined in Rule 600b23 of Regulation NMS, are electronic trading systems that.
SEC Proposes Enhanced Transparency and. - Latham & Form ATS submissions are “notice-filings” only (i.e., approval is not requested or provided) and deemed confidential. Certain Alternative Trading Systems. The proposal would. Transparency Proposal is published in Federal Register.2. Scope of the ATS.