Trade Reporting Notice – 1/9/19

U.S. Treasury Security Auction Awards

Summary

FINRA is issuing this Notice to remind members of the transaction reporting requirements related to auction transactions and highlight the publication of further clarifying frequently asked questions (FAQs) on this issue. Specifically, members should not report auction transactions in U.S. Treasury securities to TRACE; these transactions are excluded from the TRACE reporting requirements under Rule 6730(e)(8). Members that erroneously report (or previously have erroneously reported) auction transactions must promptly cancel or reverse those auction transactions.

Questions regarding how to cancel or reverse misreported trades should be directed to FINRA Market Operations at (866) 776-0800.

Other questions concerning this Notice should be directed to:

  • Patrick Geraghty, Vice President, Market Regulation (MR), at (240) 386-4973;
  • Racquel Russell, Associate General Counsel, Office of General Counsel, at (202) 728-8363; or
  • Joseph Schwetz, Senior Director, MR, at (240) 386-6170.