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TRACE
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NASD Market Operations is planning to conduct a trading halt test over its Trade Reporting and Compliance Engine (TRACE) and Bond Trade Dissemination System (BTDS) for corporate bonds in August. NASD will issue a vendor alert confirming the test date and details for a vendor conference call in preparation for the test - the vendor conference call is planned for July.
The preliminary test details are as follows:
On June 18, 2004, NASD will communicate its intention to conduct the trading halt test to its member firms. NASD member firms will be instructed to contact their market data service and news providers to confirm how halt messages are communicated or displayed in these various products. TRACE BTDS vendors should be prepared to field questions regarding how their products do (or will) incorporate the trading halt messages.
Technical questions regarding the halt test or implementation of the halt field from BTDS should be directed to NASD Market Operations at (866) 776-0800. |
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