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Technical Notice

TRACE Foreign Sovereign Debt

March 06, 2023

Beginning Monday, November 6, 2023, as described in Regulatory Notice 22-28 FINRA will require firms to report transactions in U.S. dollar-denominated foreign sovereign debt securities to TRACE.

FINRA has updated the TRACE Web API Specifications for Corporate and Agency Debt and the TRACE OTC Corporate Bonds and Agency Debt User Guide to align with these changes. As noted in the Regulatory Notice, firms reporting to TRACE via FIX should consult the TRACE FIX Specifications for Corporate and Agencies in preparation for the reporting requirement.

FINRA will issue additional technical notices regarding testing and other relevant information about the software release as the production date approaches.

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