Trade Reporting Notice - 5/10/11

Reporting Asset-Backed Securities to the Trade Reporting and Compliance Engine (TRACE)

Executive Summary

Although firms have up to two business days (T + 1) to report transactions in Asset-Backed Securities (ABS) under the TRACE transaction reporting rules that become effective on May 16, 2011, FINRA requests that firms report transactions in ABS as soon as practicable after the execution of a transaction and throughout the trading day.