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My firm is a correspondent of one of the major clearing firms. What are our responsibilities for the INSITE program?

April 26, 2017clearing correspondent firm firms insite program responsibilities

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My firm is a correspondent of one of the major clearing firms. What are our responsibilities for the INSITE program?

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If your firm is a correspondent, you are not required to report data to INSITE. Your clearing firm is responsible to report on your behalf. If you don’t have an MPID, you need to contact Nasdaq Subscriber Services at (800) 777-5606 to have one assigned to your firm.