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Technical Notice

FINRA OTC Reporting Facility (ORF) NTF System

September 23, 2022

From Monday, September 26, 2022, through Friday, September 30, 2022, the FINRA Test Facility (NTF) for the OTC Reporting Facility (ORF) will not include the trade reporting nanosecond enhancements FINRA previously announced. All other ORF testing functions will be available during this week, including TDDS 2.1 data dissemination.

Effective Monday, December 5, 2022, ORF will begin supporting timestamps up to nanosecond granularity (HH:MM:SS.sssssssss) in accordance with amendments to FINRA’s equity trade reporting rules. Please refer to FINRA Regulatory Notice 20-41 for additional information on firms’ reporting obligations under these amendments.

The test facility will resume normal testing operations, including the ORF nanosecond enhancements, beginning October 3, 2022. 

Please contact FINRA Product Management or call (866) 899-2107 with questions regarding this notice.