On Behalf Of (OBO) Feature Now Available on FINRA API Platform
The On Behalf Of (OBO) feature is now available on the FINRA API Platform, enabling authorized third-party vendors or other firms to securely access data and perform submissions on behalf of FINRA member firms—without requiring credential sharing.
Key Benefits:
- Enhanced Security: Vendors can access data and make submissions without firms sharing their credentials
- Authorized Access: Firms maintain control by explicitly authorizing specific vendors
Next Steps for Firms: If your firm uses vendors or other firms to access FINRA data or perform filings through the API Platform on your behalf, you should:
- Review the OBO implementation workflow at: https://developer.finra.org/docs#getting_started-on_behalf_of-implementation_workflow
- Begin establishing OBO relationships with your authorized vendors
- Coordinate with your vendors to transition to this more secure access method
For Vendors and Third-Party Firms: Vendors or other firms accessing data on behalf of other firms should also review the OBO Implementation workflow here: https://developer.finra.org/docs#getting_started-on_behalf_of-implementation_workflow to start using the OBO feature.
This feature aligns with security best practices by ensuring credentials remain with the authorized firm while enabling efficient third-party service delivery.