Technical Notice

Final Production Test for ORF and ADF FIX Trade Reporting Tag Changes and Equity Short Sale Validations

July 25, 2018

On Monday, August 20, 2018, FINRA will require a change to all FIX trade reporting related to the processing of execution time during Daylight Savings Time (DST) changes. FIX Tag 60 (TransactTime) will be used to indicate the Execution Time for all products and Tag 22007 (ExecutionTime) will be retired from processing use.

Additionally, on August 20, 2018, FINRA will begin to apply validations to the OTC Trade Reporting Facility (ORF) and the Alternative Display Facility (ADF) for equity transactions submitted with the Short Sale Indicator.

The final User Acceptance Test (UAT) for these changes will occur on Saturday, August 4, 2018. The test will run in the production region. Firms should notify FINRA Market Operations of their intent to participate in the UAT via an email. Please include the firm name, MPID(s), names of testers and web usernames, if applicable, no later than noon on Thursday, August 2, 2018, to register for the test.

The UAT will start at approximately 9 a.m. ET and end at approximately 12 p.m. ET. The conference line listed below will be open for the duration of the test. Due to a limited number of lines, firms should consider sharing the line if calling from the same location.

Date: Saturday, August 4, 2018
Time: 9 a.m. - 12 p.m. ET
Dial-in: (800) 519-4276
Passcode: 8584438

Send questions regarding this notice to FINRA Product Management or call (866) 899-2107.