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Foreign Stocks Go Real-Time

Traders Magazine, June 2008

Peter Chapman

The Financial Industry Regulatory Authority, under pressure from the over-the-counter trading community, has asked the Securities and Exchange Commission for permission to report OTC trades in foreign securities in real time. FINRA's proposed changes to NASD Rule 6620 follow a three-year campaign by Pink OTC Markets and the Security Traders Association to require it to disseminate the last-sale reports as soon as the trades are reported by dealers. Now, the regulator only reports a summary of trading activity at the end of the day.

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