[ 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 to add a new FINRA product, delete an existing product or update their billing information. FINRA has updated its FPA, or FINRA Participation Agreement for Transparency Services provided on its Alternative Display Facilities.  The revised FPA has been posted on on the FINRA web-site, which fulfills the SRO's obligation to serve notice of the change. The modified FPA becomes effective 90 days after the posting of this notice.  Thereafter, participants will have 30 days 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  [Trace Announcements, 6/18/12].