Final Reminder - TRACE Portfolio Trades and TRACE Treasuries Reporting Timeframe
May 08, 2023
Beginning May 15, 2023, the following FINRA TRACE rules changes will take effect:
- Members must report transactions in TRACE-eligible Corporate debt securities which are part of a portfolio trade with an appropriate modifier. The Sale Condition 4 modifier, available via the TRAQS secure web browser and the TRACE FIX protocol (Tag 22004), will be available for this designation, as described in Regulatory Notice 22-12.
The TRAQS User Guide, TRACE FIX, TRACE ATDS, BTDS, and BTDS-144A vendor specifications have been updated to recognize the change for Corporate securities.
- FINRA will reduce the timeframe for reporting transactions in Treasuries securities to TRACE as described in Regulatory Notice 22-27.
Please contact FINRA Product Management or call (866) 899-2107 with questions regarding this notice.