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Technical Notice

Final Reminder - FINRA TRAQS User Review

March 13, 2023

On January 31, 2022, FINRA introduced the Participant Data Management System (“PDM”) which firms now use to manage access to the FINRA trade reporting facilities, including TRACE, ORF and ADF. PDM also allows firms to add, view, and modify users of the TRAQS web interface. FINRA has published several notices to remind firms to use PDM to review their TRAQS users. As a final reminder, firms are strongly encouraged to review their TRAQS users on a regular basis to ensure that accounts remain valid, and to remove invalid or inactive users, as needed, to prevent unnecessary user fees. Please be advised that all TRAQS users with a non-deleted user status will be charged web browser access fees as outlined in the links below.

For more information about applicable user fees, see web browser access charges for ADF, TRACE, and ORF. More information about accessing and navigating PDM can be found on the Participant Data Management page.

Send questions regarding this notice to FINRA Market Operations or call (866) 776 -0800, option 2.