Technical Notice

Production Test for TRACE Trade Reporting FIX Tag Changes

July 11, 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, beginning on August 20, 2018, FIX Tag 455 (Instrument/Security AltId) will be required on TRACE Corporate and Agency (CA) and TRACE Securitized Products (SP) FIX protocols.

A production User Acceptance Test (UAT) for these changes will occur on Saturday, July 21, 2018. Firms should notify FINRA Market Operations of their intent to participate in the UAT via email. Please include the firm name, MPID(s) used, names of testers and web usernames, if applicable, no later than noon on Thursday, July 19, 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, July 21, 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.