Final Reminder - TRACE Allocations

As previously communicated, beginning Monday, June 8, 2026, as described in Regulatory Notice 25-17, FINRA will introduce a new “Allocations” field across all TRACE products. This new field permits a firm that is both a broker-dealer and an investment adviser to report allocations of specified orders to managed customer accounts in a streamlined, aggregated manner.

Updated FIX Specs, User Guides and Dissemination Specifications can be found here. 

Updated File Layouts and Sample Files, which now include the new Allocations field, have been published here.

Please contact FINRA Client & System Management  with technical questions regarding this notice. For all other questions related to this change, please refer to the contacts listed on the Regulatory Notice.