TRAQS: Reminder: TRACE Corporate and Agency Debt Trade Reporting to FINRA TRAQS Begins February 6, 2012
The TRACE corporate and agency debt trade reporting migration to the FINRA TRAQS platform will occur on Monday, February 6, 2012.
Below are the relevant changes that users can expect beginning February 6, 2012.
|Trade reporting access||
|Data feed (BTDS/ATDS) message processing||
|Reference Data (Master File and Daily List) processing||
|Other market data processing (Market Aggregates, Indices, Closing prices)||
|Trade reporting technical changes||
|Reference data changes – Church Bonds||Church bonds that currently exist in TRACE with mock CUSIPS will no longer be listed with these CUSIPS. All church bonds will now have an identifying symbol beginning with “CHRC” and a blank CUSIP.
For example, if a church bond currently has a CUSIP that starts with “FNRA”, beginning on Feb. 6, 2012, the CUSIP field will be blank. This indicates the issue never had a valid CUSIP.
|Reference data – existing securities||Existing TRACE securities will retain their current TRACE symbols on Feb. 6, 2012. New securities created on and after that date will be assigned a symbol created systemically by our new reference data system, which will incorporate the issuer ticker symbol.|
|Issue / Question||Contact|
|Browser access, setup or functionality, New Issue Form and TRACE Order Form||FINRA Market Operations
|Technical specifications and system functionality||FINRA Product Management
|CTCI or FIX connectivity and other technical issues||NASDAQ OMX
(212) 231-5180 option #1
The relevant specifications for all components of the TRACE migration are listed below:
- Computer to Computer Interface (CTCI) Specification for TRACE
- FIX Specification for TRACE
- TRAQS – OTC Corporate Bonds and Agency Debt User Guide
- Web API Specifications for the TRACE Corporate and Agency Debt File Downloads
- Bond Trade Dissemination Service (BTDS)
- Agency Debt Trade Dissemination Service (ATDS)
Please direct questions concerning this notice via email to FINRA Product Management or call (866) 899-2107.