TRACE Business Continuity Plan
TRACE currently operates on a high availability Tandem operation system, in a single datacenter. In the unlikely event of a system-wide failure, FINRA will use the following resources to alert members. FINRA will continuously update members on system status, recovery and retransmission procedures.
TRACE users may experience the following technical system interruptions in the event of a system-wide failure.
If TRACE is restored during the business day, firms are required to report all transactions by TRACE close of business. Firms that require additional time to complete their trade reporting obligation should contact Market Operations at (866) 776-0800 as soon as possible, but no later than one hour prior to the normal TRACE close of 6:30 p.m. EST.
If TRACE is not restored on the same business day, firms are required to retain all transmissions until such time that firms are notified by FINRA to resubmit their trade reports. Firms are required to submit their trades "as-of" in production using their normal trade reporting method.
FICC subscribers will need to confirm that their TRACE files are deleted and retain their trades for resubmission, when TRACE is operational.
These requirements may change and firms should continue to monitor www.finra.org for any further updates.