TRACE Announcements Archive
Current Market Impacts on Fixed Income Compliance Webinar
July 15, 2009
1:30 pm, Eastern Time
This audio webinar covers current developments in fixed income trading and the impact on—and challenges for—compliance. FINRA staff and industry panelists review trade execution and desk supervision, regulatory compliance (e.g. markup and best execution), valuation challenges and customer disclosure issues. Panelists discuss regulatory requirements and responses, and illustrate firm practices in these areas. This audio webinar lasts approximately 60 minutes. Audience members can participate in the live, real-time version or listen to the on-demand version at a later date. Questions can be submitted in advance or during the live program. View more details, including how to register.
Holiday Reminder
In observation of Independence Day, the TRACE system will be closed on Friday, July 3, 2009. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRACE data via the Bond Trading Dissemination Service (BTDS) feed should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.
5/18/09
Holiday Reminder
In observation of Memorial Day, the TRACE system will be closed on Monday, May 25, 2009. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRACE data via the Bond Trading Dissemination Service (BTDS) feed should take the necessary precautions to prevent data corruption. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.
5/15/09
SEC Approves Amendments Expanding the Definition of "TRACE-Eligible Security"
1/8/09
TRACE Pilot Program Extended to January 7, 2011
FINRA has extended the pilot program in FINRA Rule 6730(e)(4) that exempts from reporting to the Trade Reporting and Compliance Engine (TRACE) transactions in TRACE-eligible securities that are:
- executed on an NYSE facility in accordance with NYSE Rules 1400, 1401 and 86;
- reported to NYSE in accordance with NYSE's applicable trade reporting rules; and
- disseminated publicly by NYSE.
The pilot program, which was scheduled to expire on January 9, 2009, has been extended to January 7, 2011. View the rule filing.
1/8/09
Effective Friday, January 9, 2009, all TRACE eligible symbols in the issues identified below will be changed as follows:
| Company Name | Old Symbols | New Symbols |
| Household Finance, Inc. | HI.GJ to HI.HPZ | HBC.IEF to HBC.IPX |
| Merrill Lynch & Co., Inc. | MER.GD to MER.IKW | BAC.HHA to BAC.IAL |
Refer to a full list of symbols (Excel spreadsheet 69 KB) affected by this change. Please contact FINRA Operations at (866) 776-0800 or by email if you have any questions.
12/29/08
Effective December 29, 2008, the Mylan Laboratories, Inc. 1.25% convertible bond due March 15, 2012 (TRACE Symbol MYL.GE) will be listed on NASDAQ. Accordingly, FINRA has removed the bond from the TRACE Issue Master with effect December 29, 2008 and over-the-counter trades under this security should be reported to the appropriate FINRA Trade Reporting Facility (TRF) starting on that date.
Please contact FINRA Operations at (866) 776-0800 if you have any questions.
8/4/08
BTDS Modification to Include Inter-Dealer/Customer Trade and Side Identifier
Effective November 3, 2008, FINRA will modify the Bond Trade Dissemination Service (BTDS) to include an identifier on each TRACE-reported transaction identifying it as an inter-dealer or customer trade, as well as the Side (buy or sell) on customer trades.
For more information about this system modification, including who it will impact and what system changes will be implemented, see the related Technical Notice.
7/22/08
Please note FINRA has changed the effective date for this release to November 3, 2008.
FINRA will be conducting a user acceptance test on Saturday, July 26, 2008, from 9 a.m. to 12 p.m. (ET) to prepare for the TRACE system modifications effective August 4, 2008. Firms are encouraged to participate in order to ensure readiness for the August 4 implementation.
See the Technical Notice page to learn who can participate and how to register.
7/1/08
TRACE System Modification to Support Trade Reporting of Equity-Linked Notes
On February 22, 2008, FINRA issued a Trade Reporting Notice stating that member firms must report to TRACE transactions in equity-linked notes (ELNs) that are not listed on a national securities exchange. Effective August 4, 2008, TRACE will be modified to accept trade reports of ELNs that trade in shares as units and executed at prices that are an absolute value (i.e., dollar amount per share).
For more on this system modification, including who it will impact and what system changes will be implemented, see the details on the Technical Notice page.
