Over-the-Counter Stock Reporting System Snarled by Tech Problem
- Finra says issue with its ORF system caused by trade processor
- All affected trade messages have now been handled: regulator
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A technical issue in a key reporting system that snarled over-the-counter stock transactions on Monday has been resolved.
The Financial Industry Regulatory Authority blamed “a trade processor experiencing systemic disruption” for issues with transaction reports for certain stocks. The industry-backed regulator said in a statement that “all queued messages have been processed, and no further action is needed from firms.”