On October 3, the Financial Industry Regulatory Authority, Inc. proposed a rule change to FINRA Rule 7730(C)(1)(A) to adopt as permanent the pilot program to provide certain market participants with a one-month trial period access to a data product that includes real-time Trade Reporting and Compliance Engine (TRACE) transaction data. The one-month trial period waives the FINRA Professional Real-Time Data Display Fee that normally is assessed pursuant to the FINRA Rule. FINRA adopted the fee waiver program to encourage the use of TRACE transaction data to promote more accurate and timely pricing and valuations of debt securities. 

Click here to see the proposed rule.