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Technical Notice

Reminder: Participant Data Management (PDM) System

January 07, 2022

As a reminder, FINRA is introducing a new system for FINRA member firms to submit the FINRA Participation Agreement and manage TRAQS users. Beginning January 31, 2022, FINRA member firms will access the Participant Data Management System to complete these functions.  The Participant Data Management entitlement was granted to all existing FINRA Participant Agreement and FINRA Order Form users as of November 19, 2021.  To gain access going forward, please contact your firm’s Super Account Administrator. 

To find out more information about the new system and to access training materials including the user guide, please visit our Participant Data Management page.  

Member firms may continue to test the new Participant Data Management system in the customer test environment with the same login credentials used today to access the FINRA Participant Agreement or FINRA Order Form in production.  The customer test environment is available at  

Please email FINRA Market Operations or call (866) 776-0800, option 2, if you have any questions regarding this notice.