Finra Subscriber Agreement

Below are agreements and forms needed to subscribe to Nasdaq trading services and secure Data and Secure Services on this site. You`ll find specific instructions for subscribe to each product or service, including the agreements and forms you need, on each product and service page. Companies wishing to use the TRF must apply to become FINRA members. Businesses may be in a state of waiting when the Nasdaq connection process begins. For more information on membership requirements, see www.finra.org. Brokerage services are provided to clients who can write automated investment codes and manage their own investments. Alpaca brokerage services are only provided to clients who agree to sign agreements electronically and agree to receive messages, confirmations and returns electronically. Is the alpaca right for me? All Nasdaq agreements and forms are available in the Portable Document format (. PDF) or web format. To view and print PDF documents, you need Adobe Reader software.

The technology and services are provided by AlpacaDB, Inc. Finra/Nasdaq TRF provides FINRA members with another mechanism for reporting transactions made differently from a stock exchange. It is a FINRA facility, but Nasdaq operates it for FINRA. The TRF is served by Nasdaq`s ACT technology platform. For a full description of the TRF and LLC, see NASD Rule Filing 2005-087. The Nasdaq only provides information about any activity or maintenance of this MPID to designated agents employed by the company to which an MPID has been assigned, as indicated by Nasdaq policy. You should be aware that using or granting third-party access to your account information or depositing transactions into your account in your direction is done exclusively on your risk. Alpaca does not guarantee loss of use or direct, indirect or consequential damage or losses resulting from your explicit or implied consent to a third party who accesses your account or information, including access to other third-party applications, systems or websites. © 2020 Alpacas Securities LLC. All rights reserved.

ETFs may present risks similar to those of direct ownership of shares, including market, sector or branch risks. Some ETFs may include international risk, currency risk, commodity risk and interest rate risk. Trading prices may not reflect the net inventory value of the underlying securities. FINRA/Nasdaq TRF Retail Application Form Market prices, data and other information available through Alpaca are not guaranteed for full or accuracy and may be changed without notice. Response and account access times can vary depending on a wide range of factors, including trading volumes, market conditions, system performance and other factors. You will find a more complete description of the impact these factors can have on our area of risks associated with automated trading systems. Standard Confidentiality and Confidentiality Agreement Request to register as a market maker on the Nasdaq system To establish a catch-up relationship, allowing a broker-broker to conduct transactions on behalf of a participating broker: subscriber agreement version 7.2, with vendor instructions and online subscriber usage requirements Document for Service Bureau Subscribers (Software Description) FINRA Transparency Services Uniform Executing Broker The Paper Trading API is offered by AlpacaDB.