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This Regulatory Notice (the “Notice”) serves to inform Members of EDGA Exchange, Inc.SM and EDGX Exchange, Inc.SM (together, ”Direct Edge®”) that beginning on Monday, July 1, 2013, the Financial Industry Regulatory Authority, Inc. (“FINRA”) assumed responsibility for performing market surveillance services on behalf of Direct Edge. During a two to three month transition period, Members may receive surveillance inquiries from the International Securities Exchange LLC, Direct Edge’s previous provider of market surveillance services, as well as FINRA.
This is an interim step toward Direct Edge’s transition to a more comprehensive suite of market surveillance services to be provided by FINRA, which as noted in a joint news release issued on May 22, 2013, Direct Edge expects to become operative in the fourth quarter of 2013.
FINRA will continue to perform examination and disciplinary services on behalf of Direct Edge.
