Technical Notice

Reminder: Testing for BTDS 144A Begins June 2, 2014

May 27, 2014

FINRA reminds firms that testing for the dissemination of 144A TRACE corporate debt transactions will begin Monday, June 2, 2014, and end Friday June 27, 2014. Testing will made available via the NASDAQ Test Facility (NTF). Please refer to the BTDS 144A testing notice issued April 28, 2014, for specific testing details.

FINRA will conduct weekend production tests for this release on Saturday, June 14, 2014, and Saturday, June 21, 2014. A technical notice will be issued the week of June 9 with details pertaining to the production tests.

Please note this release has no impact on reporting trades for TRACE 144A securities. This enhancement is to disseminate reported 144A transactions. Firms are, however, free to submit trade reports of both 144A and non-144A securities in the NTF and production tests.

If you have questions, please contact FINRA Product Management or call (866) 899-2107.