TRACE Direct Feed Extranet Providers and Third Party Solutions
The Financial Industry Regulatory Authority (FINRA) Bond Trade Dissemination Service (BTDS), Agency Trade Dissemination Service (ATDS), Securitized Products Dissemination Service (SPDS) feeds and 144A Bond Trade Dissemination Service (144A) are available via a number of extranet providers, and software solutions for feed integration are available through third-party vendors. Additional vendors may exist, but have elected not to be listed. Please note that the information presented has been provided to FINRA by the individual vendors and has not been confirmed or verified by FINRA. FINRA does not endorse or otherwise advocate any particular vendor or service.
Verizon Financial Network
Verizon Financial Network Sales
NASDAQ Direct Connect
Third-Party Solutions and Services
BondMerge Solution: BondMerge provides retail and institutional investors with near-real-time trade and pricing data for corporate and municipal bond markets. Conceived to be a plug-and-play solution, BondMerge’s feed handler and relational database will integrate with any decision support, risk management or trading system to deliver anonymous data provided by FINRA Bond Trade Dissemination Service and MSRB Real-Time Transaction Reporting System (RTRS) trade dissemination services.