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Technical Notice

FINRA Termination of CTCI Protocol for Reporting Trades to TRACE AND ORF

January 13, 2020

This is a reminder that beginning Monday, February 3, 2020, FINRA will no longer support the reporting of transactions to its TRACE and Over-The-Counter (ORF) products via the CTCI protocol. 

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 Monday, February 3, 2020

Note: Clients and Service Bureaus can migrate to the FIX protocol as soon as possible and do not need to wait until February 3, 2020, as a formal CTCI-FIX parallel period will not be offered.  

In addition, fees will continue to be applied to all CTCI stations until formal removal requests are received by Technical Services. To request a removal please fill out the FINRA Services Port Request Form

FINRA plans to sponsor one last production test for the migration on Saturday, January 25, 2020.  A separate technical notice with details will be sent in advance of the test. 

TRACE FIX messaging protocol specifications:

The ORF FIX messaging protocol specifications:

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