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Technical Notice

Extension to FINRA Planned Termination of CTCI Protocol for Reporting Trades to TRACE and ORF

January 29, 2020

As announced in August 2018, FINRA plans to eliminate the support of the CTCI protocol (CTCI/TCP; CTCI/MQ) for both TRACE and ORF transaction reporting.

FINRA is extending the use of the CTCI protocol for both TRACE and ORF transaction reporting for a period of six weeks beyond the originally announced termination date of February 3, 2020, to allow all users additional time for the conversion.  FINRA will now support the CTCI protocol until Monday, March 16, 2020.

Any client, including Service Bureaus, that currently utilizes CTCI and wishes to continue to deliver electronic transactions (i.e. not via TRAQS) must migrate to the FIX protocol by March 16, 2020. FINRA notes that this is the final date for firms to complete the conversion, and that adequate testing must be performed prior to this date.

Questions regarding this notice should be sent to FINRA Product Management or call (866) 899-2107.