Technical Notice

CTCI Migration Production Testing for TRACE AND ORF

May 17, 2019

FINRA currently supports three methods for the reporting of transactions to its TRACE and Over-The -Counter Reporting (ORF) products – FIX, Computer-to-Computer Interface (CTCI) and TRAQS. As announced in August 2018, beginning  in early first quarter 2020 FINRA will no longer support the CTCI protocol (CTCI/TCP; CTCI/MQ) for both TRACE and ORF transaction reporting. Any client, including Service Bureaus, that currently utilize CTCI and wishes to continue to deliver electronic transactions (i.e. not via TRAQS) needs to migrate to the FIX protocol by Monday, February 3, 2020.

FINRA will offer Saturday tests for any client, including Service Bureaus, wanting to test their production FIX connections and software prior to the migration cutoff date of February 3, 2020.

Each test will run from 9 a.m. to 12:00 p.m. ET.

Test Date Register By
Saturday, July 13, 2019 Thursday, July 11, 2019
Saturday, August 3, 2019 Thursday, August 1, 2019
Saturday, September 7, 2019 Thursday, September 5, 2019
Saturday, November 2, 2019 Thursday, October 31, 2019
Saturday, December 14, 2019 Thursday, December 12, 2019


TRACE FIX messaging protocol specifications:

The ORF FIX messaging protocol specifications:

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