Subject: File No. SR-NASD-2007-030
From: william Shields

June 7, 2007

June 7, 2007

Mr. Nancy M. Morris
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-9303

Re File Number SR-NASD 2007-030

Dear Ms. Morris:

GFI Securities LLC ("GFI"), a US-registered broker-dealer and member of the National Association of Securities Dealers, Inc. (NASD), appreciates the opportunity to submit this comment in response to the above-reference rule filing by the NASD (the Proposal), which is intended to codify certain trade reporting obligations under new paragraph (g) to Rule 6620, by members with respect to transactions in foreign equity securities.

The Securities Industry and Financial Markets Association (SIFMA), has recently coordinated an initial discussion regarding the rule change, and will need another few weeks to complete its diligence and review of the Proposal before it will be in a position to make any substantive comment. GFI will provide additional comment in conjunction with SIFMA regarding this Proposal.

GFI looks forward to working with the SEC and NASD on this and other initiatives.

Very truly yours,

William Shields
Chief Compliance Officer