Understanding the benefits and risks of various types of orders can help you avoid unintended losses and better ensure your trades are executed in a timely manner and at a price with which you are comfortable.
On January 21, 2025, certain TRACE Corporate and Agency and TRACE Treasury trades were incorrectly marked late in specific scenarios.FINRA will perform a data fix to remove the incorrect late flag from affected transactions. ADDS trade journals will be republished with corrected data and TRACE billing and report cards will incorporate the corrected data.
FINRA has observed that some TRACE Corporate and Agency and TRACE Treasury trades reported for execution dates of November 28 and November 29, 2024 have been misrepresented as being late. FINRA is investigating the cause and will update affected clients as more details are known.
FINRA has been made aware of an issue with clients reporting ORF cross trades via FIX. FINRA is aware of the issue and will institute a solution starting Tuesday, January 24, 2023. Cross trades entered via TRAQS are unaffected by this issue.
Contact FINRA Market Operations with questions regarding this notice.
Beginning May 15, 2023, as described in Regulatory Notice 22-12, members must report transactions in TRACE Corporate securities which are part of a portfolio trade with an appropriate modifier. The Sale Condition 4 modifier, available via the TRAQS secure web browser and the TRACE FIX protocol (Tag 22004), will be available for this designation.
The TRAQS User Guide, TRACE FIX, and TRACE ATDS,
On July 14, 2008, FINRA announced in an updated version of the OATS Reporting Technical Specifications that a "Negotiated Trade Flag" was being added to both the New Order and Combined Order/Execution Reports to identify instances where a trade is completed as the result of a negotiation.
I have been trading in Leveraged and Inverse ETFs (TQQQ, SQQQ, and similar instruments for DOW and S&P500) for over 3 years. I use these instruments as part of my overall investment strategy to hedge and smooth my investment returns, but they only represent a small fraction (1-2%) of my total portfolio. I do not believe that any special knowledge is required to buy/sell these
I am an active individual investor, investing my funds in both IRAs and taxable accounts with Charles Schwab brokerage. I use 2X and 3X leveraged ETFs with some frequency to increase the return in both types of accounts. Less frequently, but periodically, I use an inverse fund to effectively short the market when it is in a downdraft phase. I use SH and DUST. Both leveraged and inverse ETFs are
Recently, certain TRACE Corporate and Agency and TRACE Treasury trades were incorrectly marked late in specific scenarios related to the holiday and early close (this applied to some transactions with execution dates of November 28 and November 29, 2024).FINRA will perform a data fix to remove the incorrect late flag from affected transactions. ADDS trade journals will be republished
In Regulatory Notice 23-17, FINRA announced its decision, effective November 30, 2023, to discontinue collecting INSITE data, pursuant to Rule 4540, at this time. As a result, effective November 30, 2023, the Canceled and As-Of Trades Report was retired from the FINRA Report Center. Any questions may be directed to Demetrios (J) Koutros, Vice President, Member Supervision Operations, Procedures
