Technical Notice

Reminder: TRACE Changes to Support Trade Reporting of Equity-Linked Notes Scheduled for November 3, 2008

As set forth in the Technical Notices dated July 1, 2008, and July 22, 2008, FINRA will implement changes to the Trade Reporting and Compliance Engine (TRACE) System to allow trade reporting of equity-linked notes (ELNs) that trade in shares as units. In preparation for the November 3 changes, FINRA will make available on the evening of October 31, 2008, a preliminary list of the equity-linked notes that trade in shares as units.

 

The new issues will appear in the Daily List-–available on the TRACE Web site and via Secure FTP— after 6:00 p.m. ET on October 31. The equity-linked notes will be identified as Security Additions to the Daily List that contain "ELN" in the Description field.

 

Please note: The Issue Master file will not contain the issues appearing on the October 31 Daily List until the morning file of November 3. In addition, the new Issue Par Value file will not be produced until the morning of November 3, and will include the issues contained in the October 31 evening Daily List.

 

Please direct questions concerning this notice and the TRACE modifications to FINRA Operations at (866) 776-0800 or FINRA Product Management at (866) 899-2107.