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What are the definitions of the terminology used in this alert and in the fee schedule?

April 26, 2017Alert fee schedule Terminology Used

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What are the definitions of the terminology used in this alert and in the fee schedule?

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Definitions: • Comparison/Accept: Transactions that are subject to the ACT Comparison process. • Non-Comparison/Accept (Non-Match/Compare): Transactions that are not subject to the ACT Comparison process and may be submitted as “media” and “non-media” trades, clearing and non-clearing trades, AGU, QSR, one-sided, and “internalized” trades. • Internalized Trade Reports: Cross trades where a single party is on both sides of a trade report. • Executing Party or Reporter (EP): The final party on the reporting or responsible side of a trade report. This position has been formerly known as “Market Maker” or “MM” side. • Contra Party or Contra (CP): The party with the trade reporting obligation under FINRA rules. This position has been formerly known as “Order Entry” or “OE” side. • Media Reports: Trades where transactions are determined to be media- (tape) eligible by the System. • Non-Media Reports: Trades where eligible transactions are marked as non-Tape report eligible upon submission.