TRACE Announcements Archive

Posted: June 26, 2014

Holiday Reminder Regarding TRACE Market Data

 

In observation of Independence Day, the TRACE system will be closed on Friday, July 4, 2014. 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), Agency Trading Dissemination Service (ATDS), Structured Products Dissemination Service, and/or 144A Bond Dissemination Service (144A) feed(s) should take the necessary precautions to prevent data corruption. 

 

Please be advised that the TRACE system will close early on Thursday, July 3, 2014 at 1 p.m., ET.  See the table below for a schedule of modified hours (these hours also apply to BTDS/ATDS). Note: New issue information pursuant to Rule 6260 must be submitted by 1 p.m., E.T.  Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

Market Session

Normal Hours

Modified Hours for
Thursday, July 3, 2014

Regular Market Session

8 a.m. to 5:15 p.m.

8 a.m. to 1 p.m.

Post-Market Trading Session

5:15 p.m. to 6:30 p.m.

1 p.m. to 3:30 p.m.

 


 

Posted: June 11, 2014

ORF Hybrid Securities to Move to TRACE

 

FINRA reminds firms that on Monday, June 16, 2014, specific “covered hybrid securities” will move from the OTC Reporting Facility (ORF) to the Trade Reporting and Compliance Engine (TRACE). Please see Regulatory Notice 14-23 for specific details and a list of the specific covered hybrid securities that will be moved from ORF to TRACE.

On Monday, June 16, 2014, these securities will be reflected on both facilities’ daily list, as deletions from ORF and as additions to TRACE.
 

 

Questions regarding this announcement should be directed to FINRA Market Operations at (866) 776-0800.
 



Posted: May 19, 2014

FINRA Updates Subscription Agreements to Include 144A Data

 

As previously discussed in Regulatory Notice 13-35, FINRA will launch the 144A Dissemination Service (144A) on Monday, June 30, 2014.

 

In preparation for the new feed, FINRA has updated its Subscriber Agreements to include 144A data. As the 144A data is a separate fee-liable data set, Retransmission Vendors should require existing subscribers to acknowledge, or resubmit an updated Subscriber Agreement if they wish to receive this new data set. All future subscribers are required to sign the most recent version of the Subscriber Agreement prior to receiving permission for the real time data. Vendors are also required to report 144A access by using the updated Usage Reporting Form.

 

Please contact TRACE Data Services group at (888) 507-3665 if you have questions or for more information.
 



Posted: May 19, 2014

Holiday Reminder Regarding TRACE Market Data

 

In observation of Memorial Day, the TRAQS system will be closed on Monday, May 26, 2014. 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 TRAQS data via the Bond Trading Dissemination Service (BTDS), Agency Trading Dissemination Service (ATDS) and/or Securitized Products Dissemination Service (SPDS) feed(s), 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.

 


 

Posted: April 17, 2014

FINRA Updates the TRACE Vendor Agreement

 

FINRA has updated the TRACE Vendor Agreement to clarify various definitions and to prepare for the dissemination of Rule 144A transactions. You can also view the changes in the red line version.

 

As previously discussed in Regulatory Notice 13-35, FINRA will launch the 144A Dissemination Service (144A) on Monday, June 30, 2014. Similar to the Bond Trade Dissemination Service (BTDS), Agency Debt Trade Dissemination Service (ATDS), Structured Products Dissemination Service (SPDS) data feeds for corporate, agency and structured products debt, respectively, 144A will disseminate via an IP Multicast channel real-time last sale data and transactions for TRACE-eligible securities issued pursuant to Rule 144A.

 

Firms that currently subscribe to BTDS, ATDS and/or SPDS and that are interested in subscribing to the 144A feed must complete and execute a new Attachment B. New firms must complete and execute the vendor agreement and submit it to TRACE Data Services.

 

Please contact TRACE Data Services group at (888) 507-3665 if you have questions or need more information.

 


 

Posted: April 11, 2014

Holiday Reminder Regarding TRACE Market Data

 

In observation of Good Friday, the TRAQS system will be closed on Friday, April 18, 2014. 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 TRAQS data via the Bond Trading Dissemination Service (BTDS), Agency Trading Dissemination Service (ATDS) and/or Securitized Products Dissemination Service (SPDS) feed(s), 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.

 


 

Posted: March 14, 2014

New Version of the Enhanced Historic Data Agreement Available

 

A new version of the Enhanced Historic Data Agreement  is now available. The new version includes a new check box on Attachment C to allow users to request the 144A Data Set, which will be available beginning June 30, 2014. If you wish to purchase additional data, please use the revised Attachment C.

 

If you have questions, please contact TRACE Data Services at (888) 507-3665.

 


 

Posted: February 10, 2014

Holiday Reminder Regarding TRACE Market Data

 

In observation of Presidents' Day, the TRAQS system will be closed on Monday, February 17, 2014. 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 TRAQS data via the Bond Trading Dissemination Service (BTDS), Agency Trading Dissemination Service (ATDS) and/or Securitized Products Dissemination Service (SPDS) feed(s), 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.

 


 

Posted: January 13, 2014

Holiday Reminder Regarding TRACE Market Data

 

In observation of Martin Luther King Day, the TRAQS system will be closed on Monday, January 20, 2014. 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 TRAQS data via the Bond Trading Dissemination Service (BTDS), Agency Trading Dissemination Service (ATDS) and/or Securitized Products Dissemination Service (SPDS) feed(s), 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.

 


 

Posted: December 24, 2013

Holiday Reminder Regarding TRACE Market Data

 

In observation of New Year's Day, the TRAQS system will be closed on Wednesday, January 1, 2014. 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), Agency Trading Dissemination Service (ATDS) and/or Structured Products Dissemination Services (SPDS) feed(s), 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.

 


 

Posted: December 18, 2013

Holiday Reminder Regarding TRACE Market Data

 

In observation of Christmas, the TRAQS system will be closed on Wednesday, December 25, 2013. 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), Agency Trading Dissemination Service (ATDS) and/or Structured Products Dissemination Services (SPDS) feed(s), should take the necessary precautions to prevent data corruption.
 

Please be advised that the TRAQS system will close early on Tuesday, December 24, 2013 at 1 p.m., ET. See the table below for a schedule of modified hours (these hours also apply to BTDS/ATDS/SPDS). Note: New issue information pursuant to Rule 6760 must be submitted by 1 p.m., E.T. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.  

Market Session

Normal Hours

Modified Hours for
Tuesday, December 24, 2013

Regular Market Session

8 a.m. to 5:15 p.m.

8 a.m. to 1 p.m.

Post-Market Trading Session

5:15 p.m. to 6:30 p.m.

1 p.m. to 3:30 p.m.

 


 

Posted: November 21, 2013

Holiday Reminder Regarding TRACE Market Data

 

In observation of the Thanksgiving holiday, the TRAQS system will be closed on Thursday, November 28, 2013. 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), Agency Trading Dissemination Service (ATDS) and/or Structured Products Dissemination Services (SPDS) feed(s) should take the necessary precautions to prevent data corruption.
 

Please be advised that the TRAQS system will close early on Friday, November 29, 2013 at 1 p.m., ET.  See the table below for a schedule of modified hours (these hours also apply to BTDS/ATDS/SPDS). Note: New issue information pursuant to Rule 6760 must be submitted by 1 p.m., E.T.  Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.
 

Market Session

Normal Hours

Modified Hours for
Friday, November 29, 2013

Regular Market Session

8 a.m. to 5:15 p.m.

8 a.m. to 1 p.m.

Post-Market Trading Session

5:15 p.m. to 6:30 p.m.

1 p.m. to 3:30 p.m.

 


 

Posted: August 26, 2013

Holiday Reminder Regarding TRACE Market Data

 

In observation of Labor Day, the TRACE system will be closed on Monday, September 2, 2013. 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), Agency Trading Dissemination Service (ATDS) and/or Structured Products Dissemination Service feed(s) 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.

 


 

Posted: August 26, 2013

TRACE Phone-In Workshop
September 23 2013

1:30 p.m. ET

 

This free phone-in workshop provides an overview of TRACE reporting rules, FAQs, compliance tools and other resources. In addition, the workshop explains the departments within FINRA (such as Transparency Services, Market Operations and Market Regulation) to contact with trade reporting questions or issues. The workshop is primarily intended for staff who have had little or no experience with TRACE, with a special focus on issues that apply to small and mid-size firms. If you have any questions you would like addressed during the call, please email them in advance to TRACE Feedback.

 

Register now.

 

Please note: Since there are a limited number of lines available for this call, please register as soon as possible and plan to share a phone line with others at your firm to help us maximize participation.

 


 

Posted: June 25, 2013

Holiday Reminder Regarding TRACE Market Data

 

In observation of Independence Day, the TRACE system will be closed on Thursday, July 4, 2013. 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), Agency Trading Dissemination Service (ATDS) and/or Structured Products Dissemination Service feed(s) should take the necessary precautions to prevent data corruption.

 

Please be advised that the TRACE system will close early on Wednesday, July 3, 2013 at 1 p.m., ET. See the table below for a schedule of modified hours (these hours also apply to BTDS/ATDS). Note: New issue information pursuant to Rule 6760 must be submitted by 1 p.m., E.T. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 

Market SessionNormal HoursModified Hours for
Wednesday, July 3, 2013
Regular Market Session8 a.m. to 5:15 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session5:15 p.m. to 6:30 p.m.1 p.m. to 3:30 p.m.

 

Posted: May 20, 2013

Holiday Reminder Regarding TRACE Market Data

 

In observation of Memorial Day, the TRACE system will be closed on Monday, May 27, 2013. 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), Agency Trading Dissemination Service (ATDS) and/or Structured Products Dissemination Service feed(s) 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.

 


 

Posted: May 16, 2013

CUSIP Identifiers in TRACE Daily List and Security Scan Functions

 

FINRA reminds firms that access to CUSIP identifiers in the TRACE Daily List and TRACE Security Scan functions available on the FINRA TRACE secure website is regulated by terms stipulated by CUSIP Global Services.
 
The TRACE Daily List and TRACE Security Scan functions allow a user to view securities within the TRACE system, and to download the information. Users can filter a request to view a specific subset of securities or can choose to view all securities presently in the system. One of the specific data elements contained in the displayed information is the security CUSIP identifier.

 

All TRACE users have the ability to view individual CUSIP identifiers in the Security Scan and Daily List functions in TRACE. However, firms who want access to the download (CSV export) capability of CUSIP identifiers through TRACE must have a valid license with CUSIP Global Services. Firms that do not have a valid CUSIP license can export all other information from those screens, except the CUSIP identifier. 

 

FINRA grants permission to firms to download CUSIP identifiers in TRACE based on the information the firm provides to FINRA Market Operations about the status of its CUSIP license. CUSIP licenses are not negotiated with FINRA but directly with CUSIP Global Services.

 

If you have any questions regarding your TRACE permissions, please contact FINRA Market Operations at (877) 776-0800.

 


 

Posted: April 19, 2013

Updated Consolidated Agreement and New Agreement Amendment to Access FINRA Transparency Facilities

 

FINRA has updated its equities and fixed income transparency services participant agreement and has also 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.


Pursuant to the 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.

 


 

Posted: March 22, 2013

Holiday Reminder Regarding TRACE Market Data

 

In observation of Good Friday, the TRACE system will be closed on Friday, March 29, 2013. 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), Agency Trading Dissemination Service (ATDS) and/or Structured Products Dissemination Service feed(s) 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.

 


 

Posted: February 11, 2013

Holiday Reminder Regarding TRACE Market Data

 

In observation of Presidents’ Day, the TRACE and TRAQS systems will be closed on Monday, February 18, 2013. 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), Agency Trading Dissemination Service (ATDS) and/or Structured Products Dissemination Service feed(s) 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.

 


 

Posted: January 14, 2013

Holiday Reminder Regarding TRACE Market Data

 

In observation of the Martin Luther King Day , the TRACE and TRAQS systems will be closed on Monday, January 21, 2013. 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), Agency Trading Dissemination Service (ATDS) and/or Structured Products Dissemination Service feed(s) 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.

 


 

Posted: December 24, 2012

Holiday Reminder Regarding TRACE Market Data

 

In observation of New Year’s Day, the TRACE and TRAQS systems will be closed on Tuesday, January 1, 2013. 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), Agency Trading Dissemination Service (ATDS) and/or Structured Products Dissemination Service feed(s) 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.

 


 

Posted: December 19, 2012

FINRA Launches New TRACE Monthly Volume Report

 

FINRA has launched a new report to provide additional information about TRACE volume, including the total par value, average daily trades and average daily par value of all TRACE-eligible securities. The TRACE Monthly Volume Report complements the daily aggregate transaction data FINRA offers and the quarterly and yearly TRACE Fact Book.

 

Please direct questions concerning this notice via email to FINRA Data Services or call (888) 507-3665.


 

Posted: December 17, 2012

Holiday Reminder Regarding TRACE Market Data

 

In observation of Christmas, the TRACE and TRAQS systems will be closed on Tuesday, December 25, 2012. 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), Agency Trading Dissemination Service (ATDS) and/or Structured Products Dissemination Services (SPDS) feed(s) 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.

 

Please be advised that the TRAQS system will close early on Monday, December 24, 2012 at 1 p.m., ET. See the table below for a schedule of modified hours (these hours also apply to BTDS/ATDS). Note: New issue information pursuant to Rule 6260 must be submitted by 1 p.m., E.T. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

Market SessionNormal HoursModified Hours for Monday,
December 24, 2012
Regular Market Session8 a.m. to 5:15 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session5:15 p.m. to 6:30 p.m.1 p.m. to 3:30 p.m

 


 

Posted: November 15, 2012

Holiday Reminder Regarding TRACE Market Data

 

In observation of the Thanksgiving holiday, the TRAQS system will be closed on Thursday, November 22, 2012. 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), Agency Trading Dissemination Service (ATDS) and/or Structured Products Dissemination Services (SPDS) feed(s) should take the necessary precautions to prevent data corruption.

 

Please be advised that the TRAQS system will close early on Friday, November 23, 2012 at 1 p.m., ET. See the table below for a schedule of modified hours (these hours also apply to BTDS/ATDS). Note: New issue information pursuant to Rule 6260 must be submitted by 1 p.m., E.T. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

Market SessionNormal HoursModified Hours for Friday,
November 23, 2012
Regular Market Session8 a.m. to 5:15 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session5:15 p.m. to 6:30 p.m.1 p.m. to 3:30 p.m

 


 

Posted: August 27, 2012

Holiday Reminder Regarding TRACE Market Data

 

In observation of Labor Day, the TRAQS system will be closed on Monday, September 3, 2012. 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 TRAQS data via the Bond Trading Dissemination Service (BTDS) and/or Agency Trading Dissemination Service (ATDS) feed(s), 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.

 


 

Posted: June 26, 2012

Holiday Reminder Regarding TRACE Market Data

 

In observation of Independence Day, the TRAQS system will be closed on Wednesday, July 4, 2012. 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 TRAQS data via the Bond Trading Dissemination Service (BTDS) and/or Agency Trading Dissemination Service (ATDS) feed(s), should take the necessary precautions to prevent data corruption.

 

Please be advised that the TRAQS systems will close early on Tuesday, July 3, 2012 at 1:00 pm, ET. See the table below for a schedule of modified hours (these hours also apply to BTDS/ATDS). Note: New issue information pursuant to Rule 6260 must be submitted by 1 pm, E.T. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 

Market SessionNormal HoursModified Hours for
Tuesday, July 3, 2012
Regular Market Session8 a.m. to 5:15 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session5:15 p.m. to 6:30 p.m.1 p.m. to 3:30 p.m

 


Posted: June 21, 2012

Reference Data Server Maintenance Scheduled for Friday, June 22, 2012

 

FINRA will be completing reference data server maintenance after the close of business on Friday, June 22, 2012. This work will impact firms with New Issue Forms in “Draft” status as of 5 p.m. Friday. Once the maintenance work is complete, all existing New Issue Forms in "Draft" status will be deleted from the Firm Gateway. Therefore, firms that currently have New Issue Forms in a Draft status are advised to download any needed information before the close of business on June 22, 2012.

 

Please contact FINRA Market Operations at (866) 776-0800 with questions regarding this announcement.

 


Posted: June 18, 2012

Updated Consolidated Agreement and New Agreement Amendment to Access FINRA Transparency Facilities

 

FINRA has updated its equities and fixed income transparency services participant agreement and has also 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.

 

Pursuant to the 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.

 

Please contact FINRA Operations at (866) 776-0800 if there are questions regarding this announcement.

 


Posted: May 21, 2012

Holiday Reminder Regarding TRACE Market Data

 

In observation of Memorial Day, the TRAQS system will be closed on Monday, May 28, 2012. 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 TRAQS data via the Bond Trading Dissemination Service (BTDS) and/or Agency Trading Dissemination Service (ATDS) feed(s), 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.

 


Posted: March 30, 2012

Holiday Reminder Regarding TRACE Market Data

 

In observation of Good Friday, the TRAQS system will be closed on Friday, April 6, 2012. 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 TRAQs data via the Bond Trading Dissemination Service (BTDS) and/or Agency Trading Dissemination Service (ATDS) feed(s) 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.

 


Posted: February 13, 2012

Holiday Reminder Regarding TRACE Market Data

 

In observation of Presidents’ Day, the TRAQS system will be closed on Monday, February 20, 2012. 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 TRAQS data via the Bond Trading Dissemination Service (BTDS) and/or Agency Trading Dissemination Service (ATDS) feed(s) 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.

 


Posted: January 27, 2012

New Issue Form for TRACE Corporate Bonds and Agency Reporting

 

FINRA has updated the TRACE New Issue Form available through the Firm Gateway. The form now accommodates entries for Corporate Bonds, Agency Debt, Equity-Linked Notes and Church Bonds to be added to the system without requiring FINRA Operations. The new issues will be electronically delivered to the TRAQS database for use in trade reporting TRACE-eligible securities.


Changes have been made to the way Corporates, Agencies, Equity-Linked Notes and Church Bonds are entered on the form. Firms should familiarize themselves with the new form before January 30, 2012. Securitized Product (MBS, CMO/ABS) entries will remain as currently designed.

 

Note: All existing New Issue Forms in a “DRAFT” status will be deleted from the Firm Gateway as of the close of business on January 27, 2012.

 

Firms subject to the requirements of FINRA Rules 6730 and 6760 must use the updated form to submit new issue information to FINRA beginning January 30, 2012.

 

View a table of the required fields for the TRACE New Issue form, and a mock-up of the form itself.

 


Posted: January 9, 2012

Holiday Reminder Regarding TRACE Market Data

 

In observation of the Martin Luther King Day, the TRACE and TRAQS systems will be closed on Monday, January 16, 2012. 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) and/or Agency Trading Dissemination Service (ATDS) feed(s) 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.

 


Posted: January 4, 2012

TRACE Phone-In Workshop: Multi Product Platform (MPP)
January 17, 2012
3 p.m. – 3:45 p.m. ET 

FINRA is hosting a free, 45-minute phone-in workshop to review rule changes, technical specifications and testing related to the migration of Corporate Bonds and Agency Debt Securities to the Multi Product Platform (MPP), which will take effect February 6, 2012. The presentation includes details regarding the industry User Acceptance Test (UAT), which is scheduled to take place on Saturday, January 21, 2012, and Saturday, January 28, 2012.

 

Participants may submit questions before and during the workshop via email. 

 

Please note: Since there are a limited number of lines available for this call, please register as soon as possible and plan to share a phone line with others at your firm to help us maximize participation.

 


Posted: December 23, 2011

New Year's Day Holiday Reminder Regarding TRACE Market Data

 

In observation of New Year's Day, the TRACE and TRAQS systems will be closed on Monday, January 2, 2012. 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) and/or Agency Trading Dissemination Service (ATDS) feed(s) 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.

 


Posted: December 19, 2011

Christmas Holiday Reminder Regarding TRACE Market Data

 

In observation of Christmas, the TRACE and TRAQS systems will be closed on Monday, December 26, 2011. 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) and/or Agency Trading Dissemination Service (ATDS) feed(s) 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.

 


Posted: December 2, 2011

TRACE Phone-In Workshop: Multi Product Platform (MPP)
December 15, 2011
12 p.m. – 1 p.m. ET

 

FINRA is hosting a free, 60-minute phone-in workshop to review rule changes, technical specifications and testing related to the migration of Corporate Bonds and Agency Debt Securities to the Multi Product Platform (MPP), which will take effect February 6, 2012.
 
Participants may submit questions before and during the workshop via email.
 
Register for this event.
 
Please note: Since there are a limited number of lines available for this call, please plan to share a phone line with others at your firm to help us maximize participation.

 


Posted: November 18, 2011

Holiday Reminder Regarding TRACE Market Data

 

In observation of the Thanksgiving holiday, the TRACE and TRAQS systems will be closed on Thursday, November 24, 2011. 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) and/or Agency Trading Dissemination Service (ATDS) feed(s) should take the necessary precautions to prevent data corruption.

 

Please be advised that the TRACE and TRAQS systems will close early on Friday, November 25, 2011 at 1:00 pm, ET. See the table below for a schedule of modified hours (these hours also apply to BTDS/ATDS). Note: New issue information pursuant to Rule 6260 must be submitted by 1 pm, E.T. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.
 

Market SessionNormal HoursModified Hours for Friday,
November 25, 2011
Regular Market Session8 a.m. to 5:15 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session5:15 p.m. to 6:30 p.m.1 p.m. to 3:30 p.m.

Posted: October 14, 2011

TRACE Phone-In Workshop: Multi Product Platform (MPP)

October 21, 2011
12 p.m. – 1 p.m. ET

 

FINRA is hosting a free, 60-minute phone-in workshop to review rule changes and technical specifications related to the migration of Corporate Bonds and Agency Debt Securities to the Multi Product Platform (MPP), which will take effect February 6, 2012. See the related TRACE Technical Notice for more information.

 

Participants may submit questions before and during the workshop via email.

 

Register for this event.

 

Please note: Since there are a limited number of lines available for this call, please plan to share a phone line with others at your firm to help us maximize participation.

 


Posted: September 15, 2011

New TRACE MPIDs for Citigroup Global Markets

Effective Monday, September 19, 2011, Citigroup Global Markets Inc.'s TRACE MPIDs—SALB and SBSH—will be changed to CITI. Any questions regarding this change should be directed to (212) 723-4612 or your Citigroup representative.

 


Posted: August 29, 2011

Holiday Reminder Regarding TRACE Market Data

 

In observation of Labor Day, the TRACE system will be closed on Monday, September 5, 2011. 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) and/or Agency Trading Dissemination Service (ATDS) feeds 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.

 


Posted: August 28, 2011

Normal Open Following Hurricane Irene

 

All FINRA facilities will open as normal on Monday, August 29.

 


Posted: June 27, 2011

Holiday Reminder Regarding TRACE Market Data

 

In observation of Independence Day, the TRACE system will be closed on Monday, July 4, 2011. 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) and/or Agency Trading Dissemination Service (ATDS) feeds 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.

 


Posted: May 31, 2011

Phone-In Workshop: TRACE Expansion
 

June 8, 2011
1  – 1:45 p.m. ET

 

FINRA is hosting a free phone-in workshop that addresses questions related to the recent TRACE expansion to asset- and mortgage-backed securities, which took effect on May 16, 2011.

 

Participants may submit questions before and during the workshop via email.

 

Register for this event.

 

View related resources.

 

Please note: Since there are a limited number of lines available for this call, please plan to share a phone line with others at your firm to help us maximize participation.

 


Posted: May 23, 2011

Holiday Reminder Regarding TRACE Market Data

 

In observation of Memorial Day, the TRACE System will be closed on Monday, May 30, 2011. 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) and/or Agency Trading Dissemination Service (ATDS) feeds 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.

 


Posted: May 2, 2011

Phone-In Workshop: TRACE Expansion—Technical and Operational Aspects
  

May 10, 2011
3  – 3:45 p.m. ET

 

FINRA is hosting a free phone-in workshop that addresses technical and operational aspects of TRACE expansion to asset- and mortgage-backed securities, which takes effect on May 16, 2011. This call builds on previous workshops hosted in 2010 and 2011.

 

This workshop lasts approximately 45 minutes. Participants may submit questions before and during the workshop via email.

 

Register for this event.

 

View related resources.

 

Please note: Since there are a limited number of lines available for this call, please plan to share a phone line with others at your firm to help us maximize participation.

 


Posted: April 15, 2011

Holiday Reminder Regarding TRACE Market Data

 

In observation of Good Friday, the TRACE system will be closed on Friday, April 22, 2011. 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) and/or Agency Trading Dissemination Service (ATDS) feeds 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.

 


Posted: April 1, 2011

TBA CUSIP Algorithm Expansion

 

On April 1, 2011, CUSIP Global Services (CGS) announced plans to expand the current TBA CUSIP algorithm for TBA (To Be Announced) mortgage-backed securities to cover new product types, including interest-only mortgages, adjustable-rate mortgages (ARMs) and Delegated Underwriting and Servicing (DUS) pools, among other products.

 

The algorithm for the expanded TBA coverage is available on the CGS website.

 

The new reporting requirements for TRACE-eligible asset- and mortgage-backed securities take effect on May 16. At that point, TRACE-reporting firms should use the new generic CUSIPs when reporting TBA transactions to TRACE. See the TRACE FAQ for additional information.

 

Please send an email to TRACE Feedback for any questions on TRACE reporting.

 


Posted: March 23, 2011

New Consolidated Agreement to Access FINRA Transparency Facilities

 

In an effort to simplify the administration of and to streamline participants’ access to FINRA’s equities and fixed income transparency facilities, FINRA’s existing participant agreements have been consolidated into one agreement, called the FINRA Transparency Services Participation Agreement (FPA). Beginning March 22, 2011, all access to and use of FINRA’s transparency services facilities will be governed by the FPA rather than the individual participant agreements. Pursuant to the terms of the individual participation agreements, posting of the FPA serves as notice of this change and all participants who access one or more of the facilities following its posting will be deemed to have agreed to and accepted the FPA. No substantive legal or business changes were made during the consolidation of agreements.

 

Download the new FPA. 

 


Posted: February 11, 2011

Holiday Reminder Regarding TRACE Market Data

In observation of Presidents' Day, the TRACE system will be closed on Monday, February 21, 2011. 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) and/or Agency Trading Dissemination Service (ATDS) feeds 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. 

 


Posted: February 9, 2011

Phone-In Workshop: TRACE Expansion—Technical and Operational Aspects

 

February 25, 2011
12  – 1 p.m. ET

 

During this 60-minute workshop, FINRA staff address technical and operational aspects of TRACE expansion to asset- and mortgage-backed securities, which takes effect on May 16, 2011. This call builds on previous workshops hosted in 2010, and covers technical specifications, testing and operational aspects of the expansion, such as participant sign-up, user ID creation and security set-up.

 

Participants may submit questions before and during the workshop via email.

 

Register for this event. View related resources.

 

Please note: Since there are a limited number of lines available for this call, please plan to share a phone line with others at your firm to help us maximize participation. 

 


Posted: January 26, 2011

Additional Church Bond Issues to Be Added to TRACE
  

Effective 01/27/2011, FINRA will add approximately 400 securities to TRACE with a FINRA identifier.

 

Due to the amount of issues involved, the daily list available in the TRACE Web application and secure FTP will not contain these securities under security additions.

 

View the full list of securities.

 

Please direct any questions to FINRA Operations by email or (866) 776-0800. 

 


Posted: January 24, 2011

Additional Church Bond Issues to Be Added to TRACE
 

Effective 01/25/2011, FINRA will add approximately 1,200 securities to TRACE with a FINRA identifier.

 

Due to the amount of issues involved, the daily list available in the TRACE Web application and secure FTP will not contain these securities under security additions.

 

View the full list of securities.

 

Please direct any questions to FINRA Operations by email or (866) 776-0800.

 


Posted: January 13, 2011

Holiday Reminder Regarding TRACE Market Data
  

In observation of Martin Luther King Jr. Day, the TRACE system will be closed on Monday, January 17, 2011. 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) and Agency Trading Dissemination Services (ATDS) feeds 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.

 


Posted: December 23, 2010

DTCC to Retire RTTM Interface With TRACE in 2011
 

DTCC announced on December 22, 2010, plans to retire the RTTM-TRACE Interface during the fourth quarter of 2011. Prior to the retirement of the RTTM-TRACE Interface, FINRA will modify Computer-to-Computer Interface (CTCI) TRACE message formats for corporate bond and agency debt trade reporting. In addition, FINRA will make corporate/agency trade reporting available for firms through the Financial Information eXchange (FIX) protocol.

 

FINRA and DTCC will work with NSCC participants and service bureaus to ensure firms' direct integration with TRACE prior to retirement of the RTTM-TRACE Interface.

 

Please direct questions concerning this change via email to FINRA Product Management, or by calling (866) 899-2107.

 


Posted: December 20, 2010

Revised Versions of the TRACE CTCI and FIX Specifications
  

Revised versions (version 1.1) of the Computer-to-Computer Interface (CTCI) and Financial Information eXchange (FIX) protocol technical specifications for reporting trades of securitized products to FINRA's Trade Reporting and Compliance Engine (TRACE) are now available.

 


Posted: December 20, 2010

Additional Church Bond Issues to Be Added to TRACE
 

Effective 12/21/2010, FINRA will add approximately 658 securities to TRACE with a FINRA identifier.
 
Due to the amount of issues involved, the daily list available in the TRACE Web application and secure FTP will not contain these securities under security additions.
 
View the full list of securities
 
Please direct any questions to FINRA Operations by email or (866) 776-0800.

 


Posted: December 15, 2010

Holiday Reminder Regarding TRACE Market Data
 

In observation of the Christmas holiday, the TRACE system will be closed on Friday, December 24, 2010. 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) and/or Agency Trading Dissemination Service (ATDS) feeds 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.

 


Posted: December 10, 2010

Additional Church Bond Issues to Be Added to TRACE
 

Effective 12/13/2010, FINRA will add approximately 850 securities to TRACE with a FINRA identifier.
 
Due to the amount of issues involved, the daily list available in the TRACE Web application and secure FTP will not contain these securities under security additions.
 
View the full list of securities.
 
Please direct any questions to FINRA Operations by email or (866) 776-0800.

 


Posted: December 7, 2010

Additional Church Bond Issues to Be Added to TRACE
 

Effective 12/08/2010, FINRA will add approximately 400 securities to TRACE with a FINRA identifier.

 

Due to the amount of issues involved, the daily list available in the TRACE Web application and secure FTP will not contain these securities under security additions.

 

View the full list of securities

 

Please direct any questions to FINRA Operations by email or (866) 776-0800.

 


Posted: December 6, 2010

Phone-In Workshop: TRACE Expansion—FAQ and Testing
 

Tuesday, December 14
12 p.m. ET

 

During this 60-minute workshop, FINRA staff address questions regarding the expansion of TRACE reporting to include asset- and mortgage-backed securities, which takes effect on May 16, 2011.

 

Participants may submit questions before and during the workshop via email.

 

Register for this event. View related resources.

 

Please note: Since there are a limited number of lines available for this call, please plan to share a phone line with others at your firm to help us maximize participation.

 


Posted: November 23, 2010

Reporting Church Bonds
 

Effective December 1, 2010, FINRA will establish a unique FINRA identifier for a class of TRACE-Eligible Securities commonly known as Church Bonds, in cases where such bonds do not have an S&P-assigned CUSIP. Securities with the FINRA identifier will be added to the TRACE Issue Master, thus enabling TRACE reporting of transactions in these securities. Please note that Church Bonds that have an assigned S&P CUSIP number should be reported to TRACE using the CUSIP number or the corresponding TRACE Symbol.

 

The nine-digit FINRA identifier will start with FNRA and be followed by four alpha-numeric positions and a check digit, for a total of nine positions (e.g., “FNRA00003”). The FINRA identifier will be populated in the “CUSIP” field of the TRACE Issue Master and the TRACE Daily List.

 

Please note that the TRACE Daily List published on December 1, 2010 will not contain these Church Bond issues, but new issues of this type of security will be included in the Daily List going forward.

 

A transaction in a TRACE-Eligible Security that is a Church Bond that has not been assigned a CUSIP or a TRACE symbol that is affected on or after December 1, 2010, must be reported in accordance with the Rule 6700 Series and will be subject to all fees in Rule 7730.

 

View the full list of symbols and FINRA identifiers. For questions, call FINRA Operations at (866) 776-0800.

 

CUSIP is a registered trademark of the American Bankers Association. 

 


Posted: November 12, 2010

Holiday Reminder Regarding TRACE Market Data

 

In observation of the Thanksgiving holiday, the TRACE system will be closed on Thursday, November 25, 2010. 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) and/or Agency Trading Dissemination Service (ATDS) feed(s) should take the necessary precautions to prevent data corruption.

 

Please be advised that the TRACE system will close early on Friday, November 26, 2010 at 1 p.m., ET. See the table below for a schedule of modified hours (these hours also apply to BTDS/ATDS). Note: New issue information pursuant to Rule 6260 must be submitted by 1 p.m., E.T. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 

 

Market SessionNormal HoursModified Hours for Friday,
November 26, 2010
Regular Market Session8 a.m. to 5:15 p.m.8 a.m. to 1 p.m.
Post-Market Trading Session5:15 p.m. to 6:30 p.m.1 p.m. to 3:30 p.m.

 


 

TRACE Order Form
The online TRACE Order Form available through the Firm Gateway is being modified to reflect TRACE system changes. The revised form will be available in February 2010, and until then, TRACE participants may only use the current online form to submit requests for Corporate Bond data. Firms that require access to more than Corporate Bond data prior to February 2010 must use a PDF version of the TRACE Order Form to request entitlements to the data. Once the revised online TRACE Order Form is available in February 2010, entitlement requests to all TRACE data will only be accepted online.

 

TRACE participants are strongly encouraged to submit their TRACE entitlement requests as soon as possible.

 

For questions regarding the TRACE Order Form or the process of adding new users, please contact FINRA Operations via telephone at (866) 776-0800 or email.

 


 

Effective Tuesday, November 10, 2009, TRACE eligible symbols in the issues identified below will be changed:

 

  • Allfirst Preferred Capital Trust
  • First Maryland Capital
  • Bear Stearns
  • Countrywide
  • MBNA
  • Lehman Brothers
  • National City Bank
  • Southtrust Bank
  • United Overseas Bank
  • Union Planters
  • Central Fidelity Capital Trust
  • Core States Capital
  • First Union
    Meridian Trust
  • Wachovia
  • Bank Unlimited
  • Washington Mutual

 

Refer to a full list of symbols (Excel spreadsheet 107KB) affected by this change. Please contact FINRA Operations at (866) 776-0800 or by email if you have any questions.

 


 

Posted: October 28, 2010

New Effective Date: Reporting ABS to TRACE
FINRA issued Regulatory Notice 10-55, which establishes a new effective date of May 16, 2011, for reporting of Asset-Backed Securities to TRACE and related rule changes.

 

Questions regarding this change should be directed to TRACE.

 


 

Posted: July 26, 2010

Changes to TRACE Invoice Process Effective August 1
Beginning August 1, 2010, a threshold of $100 will apply to invoices for usage of TRACE for the January through May and July through November billing periods. That is, all charges accrued during a monthly period (plus accruals from any prior periods) that fall below $100 no longer will generate an invoice for that month. Rather, the balance will be rolled over to subsequent months until the threshold is reached.

 

However, for the June and December billing periods, all invoices will be generated and mailed, regardless of the amount accrued. Invoices with balances greater than $100 will continue to be generated monthly.

 

Questions? Contact TRACE Billing Services at (240) 386-5128.

 


 

Posted: July 16, 2010

TRACE Symbol Changes Effective July 19, 2010

Effective July 19, 2010, the TRACE-eligible symbols in the following issues will be changed:

 

  • Federal National Mortgage Association
  • Federal Home Loan Mortgage Corporation
     

View the full list of symbols (Excel 518 KB) affected by this change.

 

Please contact FINRA Operations at (866) 776-0800 or by email if you have any questions.

 


 

Posted: February 8, 2010

Updated TRACE Order and New Issue FormsAvailable in the FINRA Firm Gateway

In preparation for the March 1, 2010, expansion of TRACE to primary market transactions and agency debt securities, FINRA has updated the online TRACE Order and New Issue forms available through the Firm Gateway.

 

Please note that the PDF version of the TRACE Order form is no longer accepted for TRACE system entitlement requests. Participants must use the online form.

 

Underwriters should use the updated TRACE New Issue form to submit new issue information to FINRA, as required by FINRA Rule 6760.

 

For questions regarding the TRACE Order or New Issue forms, please contact FINRA Operations via telephone at (866) 776-0800 or email.

 


 

Posted: December 18, 2009

Existing TRACE Web Users
Existing TRACE user IDs are not affected by the system change and maintain their current level of service.

 

Current TRACE Web users can submit agency trade reports without updating their entitlements.

 

However, existing users who want to add Time & Sales data for agency bonds, which is disseminated separately from corporate bonds, must submit a change request.

 


 

Posted: December 18, 2009

New TRACE Web Users
To gain access to the TRACE secure Web site, new users must submit a TRACE Order Form to set up their entitlements. There are two types of entitlements:

  • The Reporting Access entitlement enables a user to report or correct transactions to the TRACE system. It also provides access to the downloadable participant and eligible bond lists.
  • The Time and Sales Data entitlement enables a user to access real-time TRACE-disseminated market data for corporate bonds and/or agency bonds. These data sets are separately maintained and a user must request a separate entitlement to access each one.

 


 

 

Posted: July 15, 2009

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.


 

Posted: May 18, 2009

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.

 


 

Posted: May 15, 2009

Regulatory Notice

SEC Approves Amendments Expanding the Definition of "TRACE-Eligible Security"

 


 

Posted: January 8, 2009

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.

 


 

Posted: January 8, 2009

Effective Friday, January 9, 2009, all TRACE eligible symbols in the issues identified below will be changed as follows: 

 

Company NameOld SymbolsNew Symbols
Household Finance, Inc.HI.GJ to HI.HPZHBC.IEF to HBC.IPX
Merrill Lynch & Co., Inc.MER.GD to MER.IKWBAC.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.

 


 

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.

 


 

Posted: August 4, 2008 

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

 


 

Posted: July 2008

User Acceptance Testing for the TRACE System Modification to Support Trade Reporting of Equity-Linked Notes

 

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.

 


 

Posted: July 1, 2008

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.

 


 

Posted: November 7, 2007

Important Notice for TRACE BTDS Users

Please be advised that the following issues were disseminated as "When Issued" on the FINRA BTDS dissemination service in error:

 

SymbolFromTo
SRV.HG08/17/200710/25/2007
SRV.HH08/20/200710/25/2007


We apologize for the inconvenience. 

 


 

Posted: August 28, 2007

Effective no later than Thursday, August 31, 2007, all TRACE-eligible symbols in the issues identified will undergo a symbol change:

Company NameOld SymbolNew Symbol
Morgan StanleyMWDMS
Countrywide Financial CorporationCCRCFC
Credit Suisse GroupCSRCS
Sprint Nextel CorporationFON & NXTLS
Northwest Airlines CorporationNWACNWA


Should you have any questions, you can contact FINRA Operations at (866) 776-0800 or email FINRA Operations.


 

Posted: June 22, 2007

Holiday Reminder Regarding TRACE Market Data

In observation of the Independence Day, the TRACE system will be closed on Wednesday, July 4, 2007. As stated in the data feed interface specifications, NASD 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. 

 

Please be advised that the TRACE system will close early on Tuesday, July 3, 2007. See the table below for a schedule of modified hours (these hours also apply to BTDS). Note: New issue information pursuant to Rule 6260 must be submitted by 1pm  E.T. Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.

 
 

Market SessionRegular Market SessionPost-Market Trading Session
Normal Hours8:00 a.m. to 5:15 p.m.5:15 p.m. to 6:30 p.m.
Modified Hours for July 3, 2007    8:00 a.m. to 1:00 p.m.1:00 p.m. to 3:30 p.m.


 


 

Posted: May 9, 2007

Important Notice for TRACE CTCI Users

Please be advised that NASDAQ will be closing their Trumbull data center and transitioning to their New York area data center, effective June 2, 2007. Member firms and Service Bureaus that trade report to TRACE using CTCI are required to use new IP addresses and test connectivity prior to June 2nd in order to connect to the new data center. TRACE Web users are not affected by this change.
 
For more information, please refer to NASDAQ Technical Update #2007-018. If you have any questions, please contact NASDAQ Technical Support at (212) 231-5180 or NASD Product Management at (212) 858-5143.

 


 

Posted: May 4, 2007

TRACE System Modification To Enable Processing of Trade Reports Older Than A Year

Please be advised NASD will be making a system modification to the TRACE System to support processing of reports from transactions with Execution Dates that occurred more than a year prior to the date the report is made. View more information.

 


 

Posted: April 26, 2007

Municipal & TRACE Transaction Reporting Teleconference

NASD is hosting a 90-minute Municipal & TRACE Transaction Reporting Teleconference for member firms on Wednesday, June 20, 2007, at 12 p.m. ET. A short  question-and-answer session is planned for the end of the workshop. View more details including how to register.

 


 

Posted: April 19, 2007

NASD TRACE Back-End System Changes Scheduled for April 23, 2007

The back-end system changes that were originally scheduled for March 26, 2007, will now be implemented Monday April 23, 2007. Please refer to NASDAQ Technical Update #2007-014 for additional details.

 


 

Posted: March 9, 2007

NASD TRACE User Acceptance Testing Scheduled for March 17, 2007

NASD will implement changes to the TRACE back-end system on March 26, 2007. Firms that report into TRACE are encouraged to participate in the UAT to test connectivity and trade reporting functionality. Please refer to NASDAQ Technical Update #2007-006 for additional details as well as registration procedures for participation in the UAT.

 


 

Posted: Feb 21, 2007

NASD TRACE Fact Book
View the 2006 NASD TRACE Fact Book, which provides a historical perspective of the over-the-counter U.S. corporate bond market

 


 

Posted:December 28, 2006

TRACE Trade Report Alerts
NASD has added trade report alerts to the TRACE Web site. Effective Wednesday, January 3, 2007, TRACE Web users will be able to request and view interdealer trade report alerts that may represent unreported trades, erroneously reported trades, or duplicate reported trades by both your firm and firms reporting against you. The purpose of this feature is to alert users to these possible discrepancies so that they can investigate and correct them, if necessary. The alert data is refreshed at intervals throughout the day and firms are encouraged to review their alerts on a frequent basis.

Please view the addition to the TRACE User Guide that details the new functionality. Any questions should be directed to TRACE Product Support, Orlando Cortes (212) 858-5143 and Alyssa Ligammari (212) 858-4066 or NASD Operations (866) 776-0800.

 

 


 

Posted: December 26, 2006

TRACE MPID Change - Pershing LLC

Effective Tuesday, January 2, 2007, the firm Pershing LLC will be changing their PERT market participant symbol for fixed income reporting only.

 

The firm information is as follows:

 

From: 

PERT

To:PERS





   

The MPID of "PERT" will be removed.

 

Effective January 2, 2007 Pershing LLC will no longer be using the MPID of PERT, all trades currently reported as PERT should be reported as PERS on January 2, 2007. This change will apply to fixed income reporting only. PERT will be decommissioned within the TRACE system. Should you have any question please contact Paul Mastrobuoni (Pershing) at (201) 413-4110 or NASD Operations at (866) 776-0800.

 


 

Posted: November 1, 2006

TRACE Fact Book

View the first NASD TRACE Fact Book (PDF 25 MB), which provides a historical perspective of the over-the-counter U.S. corporate bond market.

 


 

Posted: May 9, 2006

Phone-In Workshop

NASD will host a 90-minute Municipal and TRACE Transaction Reporting Teleconference for NASD member firms on Thursday, June 29, 2006

 


 

Posted: March 27, 2006

Postponed - Additional Transaction Information to Be Added to BTDS TRACE Feed Messages

In reference to the March 1, 2006 Vendor Notification regarding the addition of Buy/Sell and Counter-party information on the BTDS feed:

 

Please be advised, NASD is postponing the planned implementation of these trade indicators until further notice. As a result, BTDS recipients should not modify their systems to accommodate these changes at this time. NASD will re-post the BTDS Specifications to reflect these changes on our site.

 

We apologize for altering the rollout schedule and thank you for your time and attention.

 


 

Posted: January 3, 2006

Notice to Members

SEC Approves Immediate Dissemination of Information on TRACE Transactions; Effective Date: January 9, 2006. View additional information.

 


 

Posted: December 29, 2005

Fixed Income Conference
View program information for NASD's 3rd Annual Fixed Income Conference taking place March 28.

 


 

Posted: November 9, 2005

Notice to Members 05-77

Transactions in TRACE-Eligible Securities That Occur in Connection with Options, Credit Default Swaps, Other Swaps or Similar Instruments Must Be Reported to TRACE. View additional information.

 


 

Posted: October 17, 2005

News Release
NASD, Bloomberg Launch Revolutionary Corporate Bond Indices. View additional information.

 


 

Posted: October 17, 2005

NASD-Bloomberg Bond Indices
NASD and Bloomberg launch two new indices that track the most active Investment Grade (Symbol: NBBI) and High Yield (Symbol: NBBH) corporate bonds.

 


 

Posted: October 17, 2005

Notice to Members 05-52

SEC Approves Amendments to TRACE Fee Structure Establishing an Enterprise Fee and Lowering Fee for Receipt of Real-Time TRACE Transaction Data via Web Browser; Effective Date: October 1, 2005. View additional information.

 


 

Posted: May 23, 2005

Bond Learning Center
NASD launches comprehensive bond information and market data resource.

 


 

Posted: May 17, 2005

Notice to Members 05-37

 

NASD Restructures Certain TRACE Fees for Market Data and Amends the Definition of "Non-Professional" in Connection with TRACE Market Data; Effective Date: June 1, 2005. View additional information.

 


 

Posted: May 6, 2005

Real Time Trade Matching (RTTM) Phase 1
The Production User Acceptance Test conducted on Saturday April 30, 2005 was successful. NASD and NSCC have determined that the secondary test scheduled for Saturday May 14, 2005 will not be necessary and the Monday May 23, 2005 Phase 1 implementation will proceed as scheduled. NASD would like to remind NSCC participants that the NASDAQ Testing Facility (NTF) will continue to be available for RTTM testing Monday through Friday 8:00am to 1:00pm ET. 

 


 

Posted: April 25, 2005

Underwriters - 6260 Information
A new submission form to comply with Rule 6260 has been posted on the NASD Web site. This revised form contains all the pertinent information required to submit new issues.  Underwriters may use a different format to submit new issue information (e.g. term sheets) as long as all the pertinent information as required in the new form is included in a concise manner. TRACE New Issue Form.

 


 

Posted: April 14, 2005

Notice to Members 05-28

NASD Reminds Members that the TRACE Reporting Period Will Be Reduced to 15 Minutes on July 1, 2005, and Rescinds Interpretive Guidance Regarding Rejected TRACE Transaction Reports. View additional information

 


 

Posted: April 14, 2005

Real Time Trade Messaging (RTTM) Phase 1 Testing

In order to prepare for the May 23, 2005 implementation of the TRACE/RTTM interface, the NASD will conduct Production User Acceptance Tests on Saturday April 30, 2005 and Saturday May 14, 2005 (if necessary).

 


 

Posted: March 23, 2005

Real Time Trade Matching (RTTM) - Revised Specifications

Please be aware of minor revisions to the messaging specifications for the RTTM/TRACE interface. The document includes a revison history indicating the changes from the previous version. View the updated specifications.

 


 

Posted: March 18, 2005

Request for Comments

NASD Requests Comment on Proposed Rule Requiring Members to Provide Additional Disclosures for Transactions in Debt Securities; Comment Period Expires April 19. View additional information about Notice to Members 05-21 or submit comments.

 


 

Posted: March 16, 2005

Notice to Secure FTP Subscribers

Please be aware that Nasdaq infrastructure changes will affect all TRACE FTP subscribers, effective May 13, 2005. View more details.

 


 

Posted: February 16, 2005

NASD Fixed Income Conference
March 30, 2005 - New York, NY
Fixed income professionals, regulators, and other industry participants will discuss the latest fixed income topics, including transparency, trading practices, and customer protection. 

 


 

Posted: February 7, 2005

News Release

NASD’S Fully Implemented “TRACE” Brings Unprecedented Transparency to Corporate Bond Market. View more information. 

 


 

Posted: February 4, 2005

Phase 3 Additional Issues for Dissemination

This is a reminder that the second stage of implementation of Phase 3 dissemination will be effective Monday, February 7, 2005.

 

Dissemination pursuant to NASD Rule 6250 will include transactions in certain TRACE-eligible securities that are subject to applicable dissemination delays as well as immediate dissemination of transactions of $1 million or less in Non-Investment Grade TRACE-eligible securities that NASD determines to be infrequently traded. For additional information regarding dissemination, members should refer to Notice to Member 04-65.

 

Firms are reminded that the new daily CUSIP list format will be effective 6 a.m. EST on Monday, February 7, 2005. View the Issue Master being added for dissemination.

 

TRACE members and vendors will receive dissemination updates on the Issue Master, which is available each morning. 

 


 

Posted: January 25, 2005

Notice to Members 05-05

NASD Eliminates the TRACE Bond Transaction Data Service (BTDS) Non-Professional Real-Time Data Display Fee and the BTDS Professional Delayed-Time Data Display Fee Pilot Program. View additional information.

 


 

Posted: January 5, 2005

Test Data for Phase 3
Nasdaq has begun replaying test data for Phase 3 dissemination.  The data will be played on the BTDS production line beginning each evening at 8:30 pm.  The data will run until 10:30 pm each evening.

 


 

Posted: January 4, 2005

Notice to Members 05-02

Stage Two of the Expansion of Dissemination of TRACE Transaction Data to Begin on February 7, 2005 Instead of February 1, 2005. View additional information.

 


 

Posted: December 8, 2004

Notice to Members 04-90

NASD Issues Interpretive Guidance Regarding Various Trade Reporting and Compliance Engine (TRACE) Rules. View additional information.

 


 

Posted: December 3, 2004

SEC Suspensions

The SEC has suspended trading in the securities of 26 companies for the period from 9:30 a.m. EST on December 1, 2004, through 11:59 p.m. EST on December 14, 2004.
  

Additional information is available at:

http://www.sec.gov/litigation/suspensions/34-50760-o-1.htm

http://www.sec.gov/litigation/suspensions/34-50760-o-2.htm

 

Please note ten additional issuers became subject to permanent revocation orders and accordingly all securities of those issuers are subject to permanent trading halts effective December 1, 2004.  View additional information.

 

The information above is deemed to be accurate but is not guaranteed and is provided for informational purposes only.  For the original complete text of this information please visit the SEC's Web site at http://www.sec.gov.

 

View the TRACE issues affected.

 


 

Posted: September 30, 2004

Report of the Corporate Debt Market Panel

NASD releases Report of the Corporate Debt Market Panel, which outlines findings and recommendations of the Corporate Debt Market Panel. These recommendations, which along with the increasing availability of TRACE transaction information, will bring new levels of transparency and information to investors in the corporate bond market.

 


 

Posted: September 30, 2004
Phase 3 Additional Issues for Dissemination

In order for vendors to prepare for the increased dissemination effective October 1, 2004, NASD has made available a preliminary list of issues being added for dissemination.

 

The final downloadable list will be available on the morning of Friday, October 1, 2004. NASD will process any changes through the usual channels.

 

Preliminary list of issues

 


 

Posted: August 25, 2004
TRACE Reject Scan

NASD has added reject review to the TRACE Web site. Effective Monday, August 30, 2004, TRACE participants will be able to view review rejected trades. The site can also be used to reprocess rejected entries. Attached is an addition to the User Guide that details the new functionality. Any questions should be directed to TRACE Product Support, Karen Sancilio (212) 858-5178) and Lisa Wilcox (240) 386-6151) or Market Operations (866) 776-0800).

 


 

Posted: August 16, 2004

NASD Report Center

NASD introduces a new report - the TRACE Operations Report - to aid firms in preparing for the changes in TRACE reporting requirements scheduled to take effect on October 1, 2004 (30 minutes) and July 1, 2005 (15 minutes). Users currently registered to access the NASD Report Center will automatically be given access to the new TRACE Operations Report.

 

Users already registered can login to the Report Center to view current reports. To learn more about these reports or to register, please view our Report Center information.

 


 

Posted: August 5, 2004

BTDS Trading Halt Test

This is a reminder that the NASD will be conducting a TRACE trading halt notification test today at 2 pm. This test will involve only ONE TRACE TEST ISSUE.

 

CUSIP: 123456AB1
Symbol: TEST.GA
Name: TRACE TEST BOND A

 

The test will have no impact on the operation of the TRACE system or any TRACE-eligible securities. View additional information.

 


 

Posted: July 28, 2004

Phase III Dissemination

NASD will be having a conference call this Friday, 7/30/04, at 1 pm. Details of the call are as follows:

 

Dial-In Numbers:

USA Toll Free Number: 888-625-1621
Passcode: PHASE 3

Call Date: Jul-30-2004 (Friday)
Call Time: 01:00 PM Eastern Time
Duration: 1 hr

 


 

Posted: July 14, 2004
New TRACE 50 List Effective Thursday, July 15, 2004

The TRACE 50 list of disseminated high-yield bonds will be updated effective Thursday, July 15, 2004. There are 23 changes to the list that has been in effect since April 16, 2004. View the new TRACE 50 list. It is expected that this list will remain in effect until mid-October.

 

View the issues for which dissemination will be discontinued on Thursday, July 15, 2004

 


 

Posted: July 14, 2004

Notice to Members 04-51

SEC Approves Amendments to TRACE Rule 6230 to Reduce the Reporting Period to 30 Minutes on October 1, 2004, and to 15 Minutes on July 1, 2005. View additional information.

 


 

Posted: April 14, 2004

New TRACE 50 List Effective Wednesday, April 14, 2004
The TRACE 50 list of disseminated high-yield bonds will be updated effective Wednesday, April 14, 2004. View the new TRACE 50 list.

 


 

Posted: January 15, 2004

New TRACE 50 List Effective Thursday, January 15, 2004
The TRACE 50 list of disseminated high-yield bonds will be updated effective Thursday, January 15, 2004. View the new TRACE 50 list.

 


 

Posted: October 28, 2003
NASD Proposes Permanent TRACE Fees: SR-NASD-2003-157

NASD has filed with the SEC a proposed rule change to amend NASD Rule 7010(k) relating to fees for the Trade Reporting and Compliance Engine (“TRACE”), and is seeking permanent approval of the TRACE fee structure prior to the expiration of the pilot program for fees on January 31, 2004. Comments should refer to file number SR-NASD-2003-157 and should be submitted to the SEC by November 25, 2003.

 

View text of the proposed rule change and Amendment No.1 to proposed rule change on our Site.

 


 

Posted: October 15, 2003

TRACE Member Test Script, Version 1.5 

Note: Only the prices for Tests #4 and #17 have been changed from Version 1.4, due to market movement.

 


 

Posted: October 14, 2003

TRACE User Guide, Version 1.05

System changes become effective upon implementation of TRACE Release 1.04, currently scheduled for October 27, 2003.

 


 

Posted: October 13, 2003

New TRACE 50 List Effective Wednesday, October 15, 2003

The TRACE 50 list of disseminated high yield bonds will be updated effective Wednesday, October 15, 2003. There are 25 changes to the list that have been in effect since July 14, 2003. Click here to view the new TRACE 50 list. Click here to view the issues for which dissemination will be discontinued. Going forward, it is expected that the list of disseminated high yield issues will be revised on a quarterly basis.

 


 

Posted: October 02, 2003

Proposed fee changes regarding TRACE Bond Trade Dissemination Service (BTDS)

  


 

Posted: September 30, 2003

Notice to Members 03-36 - June 2003

On October October 1, 2003, the amendments to Rule 6230 reducing the time to report a transaction in a TRACE-eligible security from 75 minutes from the time of execution to 45 minutes from the time of execution take effect. See NtM 03-36 (June 2003).

 

NASD is publishing guidance on the resubmission to TRACE of rejected transaction reports and the reporting of bonds with par values other than $1,000. The guidance on resubmission of rejected trade reports takes effect on October 20, 2003. See new NtM 03-58 (September 2003).

 


 

Posted: September 15, 2003

Updated instructions for FTP downloading of Issue Master, Participant List, Daily List, and Closing Price File.

  


 

Posted: September 5, 2003

TRACE Member Test Script

View the updated TRACE Member Test Script
 


 

Posted: September 4, 2003

TRACE Participants Requested to Observe Four Moments of Silence in Memoriam of 9/11 

The requested moments of silence on September 11 are 8:46 a.m., 9:03 a.m., 9:59 a.m., and 10:29 a.m. Eastern Time. The system will operate on a normal schedule throughout the day.

 


 

Posted: August 28, 2003

SR-NASD-2003-133
Proposed Amendment to Delayed Data Fee for the Trade Reporting and Compliance Engine (TRACE). View additional information.

 


 

Posted: August 19, 2003

NASD Notice to Members 03-45

 

SEC Approves Amendments to TRACE Rule 6260 to Require New Issue Notifications to Include Dissemination Eligibility Information and Be Submitted in Writing. The amendments are effective on August 25, 2003.

 


 

Posted: August 15, 2003

After careful consideration, NASD has determined that it will operate full (TRACE) normal market hours today, August 15, 2003. All systems are operating normally.

 

For more information call Market Operations at (866) 776-0800.

 


 

Posted: July 10, 2003

Methodology for Determining the TRACE 50 Composition

The TRACE 50 High Yield List contains the 50 high yield bonds that are subject to dissemination currently under TRACE. The TRACE 50 High Yield list is determined, and revised periodically using a methodology developed by NASD that takes into account a number of factors set forth in Rule 6250(a)(2), including industry grouping, trading activity, and quantity of bonds outstanding. The methodology was recently revised and improved after consultation with NASD's Bond Transaction Reporting Committee. On July 14, 2003, a new TRACE 50 High Yield List became effective. High yield bonds were retained, added to, or deleted from the TRACE 50 High Yield List using the revised methodology. These 50 bonds are now the only high yield bonds that are subject to dissemination under TRACE. NASD staff expects to revise the TRACE 50 high yield list approximately every quarter, so that the 50 high yield bonds that are subject to dissemination each quarter are fully representative of various active, high yield bond issues and sectors.

 


 

Posted: July 8, 2003

New TRACE 50 List Effective Monday, July 14, 2003

The TRACE 50 list of disseminated high yield bonds will be updated effective Monday, July 14, 2003. There are 38 changes to the list that has been in effect since TRACE implementation date, July 1, 2002. Click here to view the new TRACE 50 list. Click here to view the list for which dissemination will be discontinued. Going forward, it is expected that the list of disseminated high yield issues will be revised on a quarterly basis.

 


 

Posted: June 30, 2003
TRACE 45-Minute Reporting Approved Effective October 1

On June 18, 2003, the SEC approved amendments to Rule 6230 of the TRACE Rules reducing the current time frame for submission of TRACE reports from 75 minutes to 45 minutes, effective October 1, 2003. NSCC has publicly committed to supporting 45-minute reporting for firms reporting via the NSCC interface, and firms utilizing this method of TRACE access should prepare for submission of 30-minute batches. NASD staff intends to recommend a further reduction of the TRACE reporting period to 15-minutes by mid-2004. Please refer to Notice to Members 03-36.

 


 

Posted: April 14, 2003

NASD Adds Sale Data of 120 "Triple-B-Rated" Corporate Bonds for Dissemination to Public

  


 

Posted: April 11, 2003

TRACE Technical Update: The morning TRACE FTP file will be available after 6:30 a.m. ET, rather than at 6:00 a.m. Please notify those persons that take the morning TRACE file that their download should not begin before 6:30 a.m. 

 


 

Posted: April 10, 2003

Proposal Approved to Increased Dissemination for Over 4,000 TRACE-Eligible Corporate Debt Securities

Effective Monday, April 14, 2003, NASD's TRACE system will begin dissemination for a group of 120 triple-B-rated corporate bonds. Unlike other phases of TRACE transparency, dissemination will continue for these bonds regardless of any change in rating, including any downgrade to high yield. View the list of bonds.

 


 

Posted: April 7, 2003

TRACE Frequently Asked Questions
New TRACE Frequently Asked Questions have been added to the site.

 


 

Posted: March 28, 2003

TRACE Contacts
The TRACE Contacts information has been updated.

 


 

Posted: March 20, 2003

The Securities and Exchange Commission has confirmed that its temporary suspension of trading in the securities, including bonds, of HealthSouth will terminate at 11:59 p.m., EST, on March 20, 2003. None of the affected issues in TRACE are subject to dissemination. Please direct all questions to NASD Market Operations, (866) 776-0800. View affected issues

 


 

Posted: February 28, 2003
SEC Approves NASD Plan to Significantly Increase Corporate Bond Sale Data Dissemination 

 


 

Posted: February 14, 2003
NASD Notice to Members 03-12 

SEC Approves Amendments to TRACE Rule 6250 and Other TRACE Rules: Transaction Information to be Disseminated on More Than 4,000 Corporate Debt Securities

 


 

Posted: January 2, 2003

Securities Exchange Act Release No. 47057 – December 27, 2002
NASD's rule filing to increase dissemination of corporate bond transaction information, SR-NASD-2002-174, was published in the Federal Register by the Securities and Exchange Commission. The comment period ends on January 17, 2003. See Securities Exchange Act Release No. 47057 (December 19, 2002), 67 FR 79210 (December 27, 2002).

 


 

Posted: January 2, 2003

SR-NASD-2002-176 – December 12, 2002
NASD filed SR-NASD-2002-176 proposing to extend the pilot program for TRACE fees to February 28, 2003 and to modify the pilot effective January 1, 2003.
 

Last Updated: 6/30/2014