As part of its Transparency Services improvement initiative, beginning Monday, May 19, 2025, FINRA will re-platform TRACE Securitized Products (SP) to a new Linux-based operating system. FINRA requires client testing participation in this effort to validate that all processes work within the TRACE reporting framework. TRACE clients who utilize FIX for SP trade entry and other transactions should
In observance of Good Friday, FINRA’s Market Transparency Reporting Systems will be closed on Friday, April 7, 2023. Affected applications include:
Alternative Display Facility (ADF)
Over-the-Counter Reporting Facility (ORF)
Trade Reporting and Compliance Engine (TRACE)
FINRA/Exchange Trade Reporting Facilities (TRFs)
As stated in the data feed interface specifications, FINRA
Technology is at a point where reporting times such as the current T+2 settlement is unnecessary and is being unfairly used as a tool for hedge funds and other entities to have leverage over retail investors. This can and should be transitioned to a T+0 settlement period. This modern world can transmit and receive data almost instantaneously and we should use this to help give the average
Neutral Corner - April 2007
There are several regulatory implications that firms may wish to consider when establishing a presence in the cloud. It is important to keep in mind that although a firm may shift its technology infrastructure to a cloud environment, all of the regulatory requirements that are applicable in an on-prem environment continue to apply. However, cloud-based applications may contain some unique
FINRA member firms have an obligation to report over-the-counter secondary market transactions in eligible equity and fixed income securities to one or more of the following FINRA trade reporting facilities, TRACE, ORF and ADF. Member firms obtain access to these facilities by completing a FINRA Participation Agreement (FPA) and for members who report via the TRAQS web application by submitting
SUGGESTED ROUTING*
Legal & ComplianceRegistration
*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The Securities and Exchange Commission (SEC) recently approved two revisions to Form BD, the Uniform Registration Application for Broker-Dealers, under the Securities Exchange Act of 1934. These revisions, which are effective August 1,
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change setting forth the basis for its determination that the accuracy and reliability of the Consolidated Audit Trail (“CAT”) meet the standards approved by the Commission in SR-FINRA-2020-024 for purposes of eliminating the Order Audit Trail
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The information below will help you get the most out of all aspects of the conference. Over the next two-and-a-half days, you can choose from over 30 sessions to attend and with numerous opportunities to network with peers, interact with FINRA staff, and learn about products and services designed to help you comply with FINRA
