Technical Notice

New Data Feed for Securitized Products Transactions

June 20, 2012

On Monday, November 5, 2012, FINRA will launch the Securitized Products Dissemination ServiceSM (SPDSSM). Similar to the Bond Trade Dissemination Service (BTDS) and Agency Debt Trade Dissemination Service (ATDS) data feeds for Corporate and Agency Debt, SPDS will disseminate real-time last sale data and transactions of TRACE-eligible securities that are agency pass-through mortgage-back securities traded to be announced (TBA) via an IP Multicast channel. FINRA may introduce dissemination of other securitized products transactions (e.g., MBS, ABS) at a future date and will notify data subscribers of new product offerings.

Firms that currently subscribe to BTDS and/or ATDS and that are also interested in subscribing to SPDS will be required to execute an amendment to their existing vendor agreement. Please contact TRACE Data Services group at (888) 507-3665 for information.

Version 1.0 of the TRACE SPDS specification is currently available. Please note that FINRA has not yet determined the IP address and port number for the SPDS data feed. FINRA will issue the exact IP address and port number for the data feed as well as testing information in a future technical notice prior to the implementation of the new feed.

For any technical questions regarding SPDS or TRACE, please direct questions to FINRA Product Management or call (866) 899-2107.