TRF Announcements

Posted: August 26, 2016

Holiday Reminder Regarding TRF Market Data

In observance of Labor Day, the FINRA/Exchange TRFs will be closed on September 5, 2016. As stated in the data feed interface specifications, FINRA may send out unmarked test data via its data feeds on market holidays. Direct data feed subscribers, including recipients of TRF data, should take the necessary precautions to prevent data corruption.  Thank you for your attention to this matter. Please contact FINRA Operations at (866) 776-0800 if you have any questions.


Posted: July 5, 2016

FINRA NTF Unavailable

The FINRA test facility (NTF) will be unavailable for testing all FINRA Multi Product Platform (MPP) facilities on Wednesday, July 6, 2016, starting at 4 p.m. ET until the end of the day on July 6.

This event will affect FINRA's Trade Reporting and Compliance Engine (TRACE), FINRA's Trade Reporting Facility (TRF) platform, and the OTC Reporting Facility (ORF). Trade report testing via CTCI, FIX, and the TRAQS Web application, API downloads and vendor feed dissemination from the test region will be affected during this time.  

Note 1 - The FINRA production environment will not be affected during this time.
Note 2 - The internal NASDAQ TRF and NYSE TRF Exchange platform testing facilities will not be affected by the FINRA NTF outage during this time.

The FINRA test facility will be available again on Thursday, July 7, 2016 for all FINRA MPP facilities.

Questions

Please direct questions concerning this notice via email to FINRA Product Management or call (866) 899-2107.


Posted: June 13, 2016

FINRA/NYSE TRF Technical Issue Resolved

The FINRA/NYSE TRF experienced an issue printing to the SIP in Tape A and Tape B symbols on Monday, June 13, 2016, from 9:20:52 to 9:36:08 a.m. ET. All tape-eligible FINRA/NYSE TRF reports in the affected symbols during this time frame will be resubmitted to the SIP after the market close. All FINRA/NYSE TRF systems are currently operating normally.

Customers with questions may contact the NYSE Trading Operations Desk at 1-212-896-2830.


Posted: June 8, 2016

FINRA NTF Unavailable June 9, 2016

The FINRA test facility (NTF) will be unavailable for testing all FINRA Multi Product Platform (MPP) facilities on Thursday, June 9, 2016.

This event will affect FINRA's Trade Reporting and Compliance Engine (TRACE), FINRA's Trade Reporting Facility (TRF) platform, and the OTC Reporting Facility (ORF). Trade report testing via CTCI, FIX, and the TRAQS Web application, API downloads and vendor feed dissemination from the test region will be affected during this time. 

Note 1 - The FINRA production environment will not be affected during this time.
Note 2 - The internal NASDAQ TRF and NYSE TRF Exchange platform testing facilities will not be affected by the FINRA NTF outage during this time.

The FINRA test facility will be available again on Friday, June 10, 2016 for all FINRA MPP facilities.


Posted: May 25, 2016

NTF Unavailable - May 26, 2016

The FINRA test facility (NTF) will be unavailable for testing all FINRA Multi Product Platform (MPP) facilities from 1-5 p.m. ET on Thursday, May 26, 2016. This event will affect FINRA's Trade Reporting and Compliance Engine (TRACE), Trade Reporting Facility (TRF) and OTC Reporting Facility (ORF). Trade report testing via CTCI, FIX, and the TRAQS Web application, API downloads and vendor feed dissemination from the test region will be affected during this time.

The FINRA production environment will not be affected during this time. The test facility will be available again on Friday, May 27, 2016, for all FINRA MPP facilities.

Questions:

Please direct questions concerning this notice via email to FINRA Product Management or call (866) 899-2107.


Posted: March 1, 2016

FINRA/NY TRF Technical Issue on 2/29/2016

On Monday February 29, 2016, NYSE TRF released new functionality requiring FIX Tag (22030) Reporting Obligation to be populated.  Firms that did not populate FIX Tag 22030 had their reports rejected from approximately 8:00:00 a.m. ET to 10:00:29 a.m. ET. The code requiring this field to be populated was rolled back and will be re-introduced on Monday March 7, 2016. Please refer to the NYSE TRF notification posted on March 1st, 2016 at 9:15 AM ET for more details:
https://www.nyse.com/trader-update/history


Posted: February 2, 2016

FINRA/Nasdaq TRF Technical Issue on 1/26/2016

On Tuesday, January 26, 2016, from approximately 7:55:00 a.m. ET to 8:40:00 a.m. ET, the FINRA/Nasdaq TRF experienced an issue that resulted in participants being unable to access their Nasdaq Workstation to enter or scan for trades. Other methods of access were unaffected in this time period.

As of January 26, 2016 at 8:40:00 a.m. ET the Nasdaq Workstation is operating normally.

Please contact Nasdaq at (212)231-5100 with any questions regarding this event.


Posted: February 2, 2016

FINRA/Nasdaq TRF Technical Issue on 1/26/2016

On Tuesday, January 26, 2016, from approximately 7:55:00 a.m. ET to 8:40:00 a.m. ET, the FINRA/Nasdaq TRF experienced an issue that resulted in participants being unable to access their Nasdaq Workstation to enter or scan for trades. Other methods of access were unaffected in this time period.

As of January 26, 2016 at 8:40:00 a.m. ET the Nasdaq Workstation is operating normally.

Please contact Nasdaq at (212)231-5100 with any questions regarding this event.


Posted: January 22, 2016

FINRA Systems and the Forecasted Northeast Winter Storm

FINRA reminds firms that they can use the system status pages as a valuable source for information regarding the availability of FINRA facilities, especially during times of weather uncertainty.  

With Winter Storm Jonas expected to impact the East Coast of the United States FINRA will ensure the system status pages for all of its facilities are updated as timely as possible. Please visit the relevant system status pages for information about the facilities as needed.  

Questions on this notice can be directed to FINRA Product Management  or call (866) 899-2107.


Posted: December 16, 2015

FINRA/NYSE TRF Technical Issue:

On Wednesday, December 16, 2015, from approximately 15:39:59 ET to 15:55:41 ET, the FINRA/NYSE TRF experienced technical difficulties processing trade reports from the FINRA/NYSE TRF clients; according to the FINRA/NYSE TRF all attempted trade reports from clients to the FINRA/NYSE TRF were rejected during this period of time. Clients who experienced rejects should re-enter the affected trade reports.

Please contact NYSE Trading Operations with any questions at (212) 898-2803 Option 1.


Posted: December 14, 2015

FINRA/NYSE TRF Technical Issue

On Monday, December 14, 2015, from approximately 10:49:21 a.m. ET through 11:04:53 a.m. ET, the FINRA/NYSE TRF experienced technical difficulties processing trade reports from the FINRA/NYSE TRF clients; according to the FINRA/NYSE TRF all attempted trade reports from clients to the FINRA/NYSE TRF were rejected during this period of time. Clients who experienced rejects should re-enter the affected trade reports.

Please contact NYSE Trading Operations with any questions at (212) 898-2803 Option 1.


Posted: December 11, 2015

NTF Unavailable December 11, 2015, at 12 p.m. ET

The FINRA test facility (NTF) will be unavailable for testing all FINRA Multi Product Platform (MPP) facilities on Friday, December 11, 2015, beginning at 12:00 p.m. ET. This will affect FINRA's Trade Reporting and Compliance Engine (TRACE), Trade Reporting Facility (TRF) and OTC Reporting Facility (ORF) products. Trade report testing via CTCI, FIX and the TRAQS Web application, API downloads and vendor feed dissemination from the test region will also be unavailable during this time. The FINRA production environment will not be impacted.

The test facility will be available again on Monday, December 14, 2015, for all FINRA MPP facilities.

Please direct questions concerning this notice via email to FINRA Product Management or call (866) 899-2107.


Posted: July 31, 2015

NTF Unavailable August 3, 2015

The FINRA test facility (NTF) will be unavailable for testing all FINRA Multi Product Platform (MPP) facilities on Monday, August 3, 2015. This will affect FINRA's Trade Reporting and Compliance Engine (TRACE), Trade Reporting Facility (TRF) and OTC Reporting Facility (ORF). Trade report testing via CTCI, FIX and the TRAQS Web application, API downloads and vendor feed dissemination from the test region will be affected during this time.

The FINRA production environment will not be affected during this time. The test facility will be available on Tuesday, August 4, 2015, for all FINRA MPP facilities.

Questions

Please direct questions concerning this notice via email to FINRA Product Management or call (866) 899-2107.


Posted: July 7, 2015

Collection of FINRA/NASDAQ Trade Reporting Facility™ Fees and Billing Policy

As previously announced, FINRA has filed with the Securities and Exchange Commission a proposed rule change to adopt FINRA Rule 7650A. Effective Wednesday, July 1, 2015, the collection of FINRA/NASDAQ TRF fees under the FINRA Rule 7600A Series is subject to the following process:

Each FINRA member that is a FINRA/NASDAQ TRF participant is required to provide a clearing account number for an account at the National Securities Clearing Corporation ("NSCC") before July 24, 2015. If one is not provided, the FINRA/NASDAQ TRF will use the participant's primary NSCC number on file with the FINRA/NASDAQ TRF. This will allow the FINRA/NASDAQ TRF to debit any undisputed or final fees under the FINRA Rule 7600A Series, as specified below, that are due and owing to the FINRA/NASDAQ TRF. The first debit will occur on August 24, 2015, for fees and rebates incurred in July 2015 and will also include any and all past due amounts.

If a FINRA/NASDAQ TRF participant disputes an invoice, the FINRA/NASDAQ TRF will not include the disputed amount in the debit if the participant has disputed the amount in writing to the FINRA/NASDAQ TRF by the 15th of the month, or the following business day if the 15th is not a business day, and the amount in dispute is at least $10,000 or greater.

This debit process is the same as the one currently employed by PHLX, PSX, BX, BX Options and NOM, and that will be effective July 1, 2015, for the NASDAQ Exchange. See www.nasdaqtrader.com/TraderNews.aspx?id=ETA2015-83.

All FINRA/NASDAQ TRF participants should contact Nasdaq Subscriber Services and provide the clearing account number they wish to have debited at NSCC by July 24, 2015. As noted above, if no number is provided, the FINRA/NASDAQ TRF will use the participant's primary NSCC clearing number.

The following FINRA 7600A Series Rules are subject to this Rule:

  • 7610A (Securities Transaction Credit)
  • 7620A (FINRA/NASDAQ Trade Reporting Facility Reporting Fees)
  • 7630A (Aggregation of Activity of Affiliated Members)

In addition, pursuant to a proposed rule change filed with the Securities and Exchange Commission, effective Wednesday, July 1, 2015, all billing disputes concerning fees or rebates under the FINRA 7600A Series must be submitted to the FINRA/NASDAQ TRF in writing and must be accompanied by supporting documentation. All billing disputes must be submitted no later than sixty days after receipt of the invoice. This policy will apply to the invoice for trade reporting activity in July 2015 and thereafter.

Questions regarding the debit process or FINRA/NASDAQ TRF billing should be directed to:

Questions regarding FINRA rules relating to the FINRA/NASDAQ TRF should be directed to:

  • FINRA Operations at (866) 776-0800;
  • Office of General Counsel at (202) 728-8071; or
  • Market Regulation Legal Section at (240) 386-5126.

Posted: June 19, 2015

Collection of FINRA/NASDAQ Trade Reporting Facility™ Fees

Subject to filing with the Securities and Exchange Commission and effectiveness of a proposed rule change to adopt FINRA Rule 7650A, as of Wednesday, July 1, 2015, the collection of FINRA/NASDAQ TRF fees under the FINRA Rule 7600A Series will be subject to the following process:

Each FINRA member that is a FINRA/NASDAQ TRF participant is required to provide a clearing account number for an account at the National Securities Clearing Corporation ("NSCC") before July 24, 2015. If one is not provided, the FINRA/NASDAQ TRF will use the participant's primary NSCC number on file with the FINRA/NASDAQ TRF. This will allow the FINRA/NASDAQ TRF to debit any undisputed or final fees under the FINRA Rule 7600A Series, as specified below, that are due and owing to the FINRA/NASDAQ TRF. The first debit will occur on August 24, 2015, for fees and rebates incurred in July 2015 and will also include any and all past due amounts.

If a FINRA/NASDAQ TRF participant disputes an invoice, the FINRA/NASDAQ TRF will not include the disputed amount in the debit if the participant has disputed the amount in writing to the FINRA/NASDAQ TRF by the 15th of the month, or the following business day if the 15th is not a business day, and the amount in dispute is at least $10,000 or greater.

This debit process is the same as the one currently employed by PHLX, PSX, BX, BX Options and NOM, and that will be effective July 1, 2015, for the NASDAQ Exchange. See www.nasdaqtrader.com/TraderNews.aspx?id=ETA2015-83.

All FINRA/NASDAQ TRF participants should contact Nasdaq Subscriber Services and provide the clearing account number they wish to have debited at NSCC by July 24, 2015. As noted above, if no number is provided, the FINRA/NASDAQ TRF will use the participant's primary NSCC clearing number.

The following FINRA 7600A Series Rules are subject to this Rule:

  • 7610A (Securities Transaction Credit)
  • 7620A (FINRA/NASDAQ Trade Reporting Facility Reporting Fees)
  • 7630A (Aggregation of Activity of Affiliated Members)

Questions regarding the debit process or FINRA/NASDAQ TRF billing should be directed to:

Questions regarding FINRA rules relating to the FINRA/NASDAQ TRF should be directed to:

  • FINRA Operations at (866) 776-0800;
  • Office of General Counsel at (202) 728-8071; or
  • Market Regulation Legal Section at (240) 386-5126.

Posted: June 5, 2015

FINRA Facilities – June 30, 2015, Leap Second

Effective Tuesday, June 30, 2015, a leap second will be added after 19:59:59 ET (23:59:59 UTC) to synchronize atomic clocks with astronomical time to keep clocks as accurate as possible. FINRA’s market facilities, such as the Over The Counter Reporting Facility (ORF), rely on atomic time sources to maintain time accuracy.

To minimize potential disruptions the leap second may cause industry participants, FINRA will cease processing ORF trade reports, trade cancels, trade corrections, trade reversals and trade matching at 19:30:00 ET on June 30, 2015. (Normally these transactions stop being processed at 20:00:00 ET.) In addition, participants should take note of the following ORF processes and functions on June 30, 2015.

  • TRAQS and the ORF Web API files will remain available for query/response processing until 20:00:00 ET, as per a regular market day.
  • The Trade Data Dissemination Service (TDDS 2.0) transmission times will be processed as per a regular market day, including the 20:05:00, 20:06:00 and 20:07:00 ET End of Trade Reporting Control Message.
  • In case a participant’s systems are unable to process the second TDDS 2.0 Closing Trade Recap (disseminated at 20:10:00 ET) on June 30, FINRA will provide a flat file (.txt) for any participant who requests it for that day.

Other FINRA facilities:

  • TRACE – Normal operating schedule on June 30, 2015
  • OTCBB – Normal operating schedule on June 30, 2015
  • ADF – Normal operating schedule on June 30, 2015
  • FINRA/NYSE TRF – Refer to the FINRA/NYSE TRF notice regarding their operating schedule for June 30, 2015
  • FINRA/Nasdaq TRF – Refer to the FINRA/Nasdaq TRF notice regarding their operating schedule for June 30, 2015

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


Posted: April 21, 2015

TRAQS Web Services to Migrate from Secure Socket Layer (SSL) 3.0 Protocol

Effective Monday, April 27, 2015, the FINRA TRAQS secure website and TRACE, ADF and ORF Web API reference data files will no longer be accessible using the Secure Socket Layer (SSL) 3.0 protocol. The elimination of SSL 3.0 is due to identified security risks inherent with the protocol.

As of April 27, 2015, FINRA will disable the SSL 3.0 protocol and firms using that protocol will not be able to establish connectivity to FINRA’s secure Web servers. In order to continue to gain access to TRAQS and to the FINRA API reference data, firms are required to migrate to a more secure protocol such as Transport Layer Security (TLS) versions 1.0, 1.1 or 1.2.

Please contact FINRA Product Management with any questions regarding this notice.


Posted: April 20, 2015

NTF Unavailable April 21, 2015

The FINRA test facility (NTF) will be unavailable for testing all FINRA Multi Product Platform (MPP) facilities on Tuesday, April 21, 2015. This will affect FINRA's Trade Reporting and Compliance Engine (TRACE), Trade Reporting Facility (TRF) and OTC Reporting Facility (ORF). Trade report testing via CTCI, FIX, and the TRAQS Web application, API downloads and vendor feed dissemination from the test region will be affected during this time.

FINRA needs to continue to update the test facility software process which was started on April 20. The FINRA production environment will not be affected during this time. The test facility will be available on Wednesday, April 22, 2015, for all FINRA MPP facilities.

Questions

Please direct questions concerning this notice via email to FINRA Product Management or call (866) 899-2107.


Posted: April 17, 2015

NTF Unavailable April 20, 2015

The FINRA test facility (NTF) will be unavailable for testing all FINRA Multi Product Platform (MPP) facilities on Monday, April 20, 2015. This will affect FINRA's Trade Reporting and Compliance Engine (TRACE), Alternative Display Facility (ADF), Trade Reporting Facility (TRF) and OTC Reporting Facility (ORF). Trade report testing via CTCI, FIX, and the TRAQS Web application, API downloads and vendor feed dissemination from the test region will be affected during this time.

FINRA will update the test facility software while it is unavailable to users. The FINRA production environment will not be affected during this time. The test facility will be available again on Tuesday, April 21, 2015, for all FINRA MPP facilities.

Questions

Please direct questions concerning this notice via email to FINRA Product Management or call (866) 899-2107.


Posted: December 11, 2014

FINRA Test Facility Unavailable December 11 After 4 PM

The FINRA test facility (NTF) will be unavailable for testing all FINRA Multi Product Platform (MPP) facilities, on Thursday, December 11, 2014, at approximately 4 p.m. Eastern Time. This will affect FINRA's Trade Reporting and Compliance Engine (TRACE), Alternative Display Facility (ADF), Trade Reporting Facility (TRF), and OTC Reporting Facility (ORF). Trade report testing via CTCI, FIX, and the TRAQS Web application, API downloads, and vendor feed dissemination from the test region will be affected during this time.

FINRA will be performing system maintenance while it is unavailable to users. The FINRA production environment will not be affected during this time. The test facility will be available again on Friday, December 12, 2014, for all FINRA MPP facilities.

Questions

Please direct questions concerning this notice via email to FINRA Product Management or call (866) 899-2107.