OTCBB - OTC Bulletin Board
10/25/2021 | Press release | Distributed by Public on 10/25/2021 11:58
Reminder - Upcoming Retirement of the OTC Bulletin Board (OTCBB)
As announced in Regulatory Notice 21-28, FINRA is deleting the Rule 6500 Series and other rules related to the OTC Bulletin Board (OTCBB) - a FINRA-operated inter-dealer quotation system - and is planning to cease its operation. Additionally, as recently announced in Regulatory Notice 21-38, the OTCBB closure will formally occur on November 8, 2021 and the system will no longer be active as of that date.
Members and Vendors should plan to eliminate OTCBB-Related Connections Immediately
When the OTCBB ceases operation, FINRA will discontinue the Bulletin Board Dissemination Service (BBDS) data feed. Clients who currently subscribe to this feed should disconnect the feed or contact their extranet providers to ensure they are disconnected and that they no longer incur connectivity fees for the consumption of this feed after November 8, 2021.
Extranet clients who connect to FINRA for the purpose of distributing the BBDS feed should discontinue their processing of this feed.
Clients who employ QIX or Nasdaq Workstation connections to send OTCBB quotes to FINRA should contact Nasdaq Subscriber Services or call (212) 231-5180 to ensure these connections are eliminated for the use of sending OTCBB quotes.
Extranet clients who connect their clients to FINRA for the purpose of sending OTCBB quotes to FINRA via QIX should plan to discontinue their connections.
In anticipation of this change FINRA has amended the TDDS, ORF TRAQS User Guide and ORF Web API specifications.
Questions can be forwarded to FINRA Product Management at (866) 899-2107.