National Stock Exchange (NSX) today announced that Bloomberg Tradebook LLC has migrated their matched trade reports to the FINRA/NSX Trade Reporting Facility (TRF).
Bloomberg began trade reporting over-the-counter transactions in all symbols to the FINRA/NSX TRF on January 2, 2008.
Joseph S. Rizzello, Chief Executive Officer of NSX, said, "When we launched our new business plan a little over a year ago, one of our goals was to provide a viable alternative facility for those doing over-the-counter trading in exchange-listed stocks. Another goal was to accommodate the needs of the ECNs. We believe Bloomberg's decision to bring their business to the FINRA/NSX TRF indicates that we are accomplishing what we set out to do and reinforces our commitment to aligning our needs with those of our customers. We welcome Bloomberg to NSX and look forward to a long relationship."
Bloomberg Tradebook LLC becomes the fourth major ECN to select NSX as one of their primary venues. Bloomberg joins BATS Trading, the first ECN on NSX BLADE SM. BATS went live on NSX BLADE on October 23, 2006, the day NSX launched the new technology platform. Less than a month later, Track ECN became the second ECN to connect to and quote on NSX BLADE. Most recently, Direct Edge ECN LLC began moving their public quotations onto NSX BLADE in mid-December 2007. This followed the migration of Direct Edge's matched trade reports to the FINRA/NSX TRF, which began in late September 2007.
The FINRA/NSX TRF was launched on November 27, 2006 to facilitate OTC trade reporting for internally executed transactions in all NYSE, Nasdaq and Amex-listed stocks. The FINRA/NSX TRF and NSX BLADE were built from the ground up specifically to meet the speed, price and service needs of a post Regulation NMS environment and to accommodate the broadest range of users, including ECNs, algorithmic traders and agency brokers.