[ by Howard Haykin ] FINRA has updated its equities and fixed income transparency services participant agreement and also has created an amendment to the agreement.  The revised FINRA Participation Agreement (FPA) replaces the existing FPA.  Firms that currently have an FPA with FINRA must use the amendment for any changes - to add new FINRA product, delete existing product, or update billing information. Under terms of the individual participation agreements, posting of the revised FPA serves as notice of this change.  The modified FPA will become effective 90 days after the posting of this notice. Participants will have 30 days after that effective date to opt out of the agreement or will in turn be deemed to have agreed to and accepted the revised FPA. Direct questions to: FINRA Operations at (866) 776-0800. For further details, go to:  [ADF Announcements, 6/18/12] and/or   [TRACE Announcements, 6/18/12].