FINRA - Regulatory Systems - TRACE BTDS Specification

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Printer-Friendly Last Updated: 7/2/08 TRACE BTDS Specification

In association with TRACE, FINRA will release the Bond Trade Dissemination Service^SM (BTDS^SM). The BTDS data feed will be used to broadcast last sale price and other relevant trade data for US dollar-denominated, investment grade and high yield corporate bonds to authorized market data vendors. As the transactions are entered into TRACE, FINRA will automatically generate data messages to be disseminated real-time on BTDS.

This document defines the communications interface and message format requirements for the output from BTDS. All references to a time of day in this specification are in Eastern Standard/Daylight Time. Direct access to FINRA and Nasdaq data feed products is available exclusively via the WorldCom Enterprise IP-Multicasting Network (EIN).

TRACE BTDS Specification - version 2.1 (published 7/1/08)
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TRACE BTDS Specification - version 2.0 (published 9/12/07)
View PDF 239 KB

TRACE BTDS Specification - revised version 1.9 (published 3/27/06)
View PDF 609 KB